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Shell Continues to Sell U. S. Gas Assets
“Rigzone” reports that as part of their strategy to raise $15 billion from asset sales, Royal Dutch Shell plc announced that it is divesting its interest in the Pinedale, Wyoming, and Haynesville, Louisiana, fields. However, the company will add acreage in the Marcellus and Utica shale plays. Shell is selling their interest in the Pinedale… Read More
Permian Production Exceeds Pipeline Capacity
“Rigzone” reports that as a result of the shale revolution, oil production from the Permian Basin of West Texas and Southeast New Mexico is outstripping the pipelines’ ability to transport it to Gulf Coast refineries. Shale oil production in the Permian is projected to increase for the sixth straight month in September according to the… Read More
Kinder Morgan to Restructure
“Rigzone” reported yesterday that Kinder Morgan, Inc. plans to consolidate its Master Limited Partnerships (MLP’s) with Kinder Morgan Management, LLC, into a single C-corporation. The MLP’s, Kinder Morgan Energy Partners and El Paso Pipeline Partners LP, and the Management Company operate or own an interest in 80,000 miles of pipelines. The new combined entity will… Read More
ONEOK Commits to Reducing Flaring in the Bakken
The Bakken shale is one of the great domestic oil and gas success stories. Since the discovery of the Parshall Field in the play in 2007, the Bakken now produces more than 1 million barrels of oil per day. This dramatic increase in oil production propelled North Dakota to the number two oil producer in… Read More
North Dakota’s Bakken Shale Sets New Record
“Rigzone” reports that crude production from the Bakken shale set a new record of over 1 million barrels of oil per day (bopd) in April and May. Improved technology, a better understanding of the geology, higher crude prices and new wells all contributed toward achieving this milestone according to the U. S. Energy Information Administration.… Read More
