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North Dakota Oil Production Might Decrease due to Flaring Regulations
Flaring of natural gas associated with oil production is an acute problem in the Prairie State. Worldwide, about 3% of produced gas is flared; in the U. S. it is less than 1%. In North Dakota 36% of gas was flared, but that figure has been reduced to 26% due to new state regulations. “Rigzone”… Read More
Studies Find No Water Pollution from Fracking
According to a recent article in “Rigzone”, two different studies recently concluded that fracking, per se, does not pollute aquifers. Both studies were conducted in the Marcellus shale in Pennsylvania. The DOE monitored fracking fluids from six wells for eighteen months using tracer fluids, seismic monitoring and other tests in the most detailed public report… Read More
Unconventional Production to Boost U. S. Energy Exports
HSBC’s Global Connections Trade Forecast anticipates a 5% per year increase in U. S. Energy exports through 2030, according to an article in “Rigzone”. Petroleum imports are expected to drop from 12% to 5% over the long term as well. Emerging markets with limited oil and gas reserves and refining capacity will be a major… Read More
Bill Barrett Selling Gas Production, Buying Oil Assets
According to a recent article in “Rigzone”, Bill Barrett Corp. is disposing of gas producing properties in Wyoming’s Powder River Basin and Colorado’s Piceance Basin to acquire oil producing assets in Colorado. Bill Barrett would not disclose the buyer, but did say the transaction, valued at $757 million, will enable the company to reduce its… Read More
ND Oil Output Increases In Spite of Flaring Regulations
According to a recent article in “Rigzone”, North Dakota regulators report July oil production reached an all-time high of 1.1 million barrels of oil per day. This was up 5% over the previous month, but only about half of the expected increase, due to the state’s aggressive program to reduce flaring of natural gas. Natural… Read More
