11.29.12

Optima Sees Fracking Increasing Specialty Steel Demand

Demand for specialty-steel products used in hydraulic fracking is poised to continue rising next year as energy companies step up exploration and production in shale-rock formations, Optima Specialty Steel Inc. said. Optima's sales of steel tubing to natural gas producers have climbed 15 percent in 2012, and a similar increase is forecast for 2013, said Kevin Stevick, chief executive officer of the closely held company. Growth at the Miami-based company is coming from fracking in states including Ohio, West Virginia, Pennsylvania and New York, he said.

 

11.27.12

Oil Industry, Wildlife & Conservation Groups Announce Best Practices

The Sporting and Oil Industry Forum, a consortium of oil industry, wildlife and conservation groups convened again today to announce the implementation of a program to use geographic information systems (GIS) maps and Recommended Management Practices (RMP) to protect wildlife during oil development.

 

11.20.12

Industry Vet Sets Sights on Marcellus 2.0

In the latter part of the previous decade, attractive natural gas wellhead prices and technological advances in exploiting shale formations prompted an exodus to Appalachia. Some of the companies flocking to the Marcellus shale formation and its enormous store of natural gas willingly paid landowners several thousand dollars per acre merely to stake their claim and, when the time was right, flip their leaseholdings for a handsome profit to another speculator or to an operating company.

 

11.14.12

Acceleration of the Natural Gas Highway

Clean Energy Fuels announced today that it is teaming up with GE to continue development of what Clean Energy calls "America's Natural Gas Highway." In particular, Clean Energy has agreed to buy two MicroLNG plants from GE Oil and Gas (with up to $200 million in GE financing), to be operational by 2015.

 

10.15.12

The Oil-Rich Bakken Region

North Dakota's unemployment rate is 3% (as of August 2012), and they're producing over 700,000 barrels of oil daily. What else is this area doing for our nation and the economy?

 

09.23.12

Meeting oil's challenge: step by step

The stress and tension of the oil boom on the people living in western North Dakota can't be under estimated. Life there has become certainly more complicated. A recent poll said 60 percent of longtime northwest North Dakota residents say they have benefited economically from the boom, but most also say their quality of life has not improved.

 

09.18.12

Make the most of N.D. resources

North Dakota natural gas production and crop yields will converge at a proposed fertilizer plant at Spiritwood. CHS Inc. announced plans last week to build a $1.2 billion fertilizer plant, converting natural gas from the Bakken into anhydrous ammonia, urea and liquid fertilizer.

 

09.05.12

TransCanada files new route proposal for Keystone XL

TransCanada has proposed to Nebraska officials a new route for the U.S. segment of its Keystone XL pipeline that avoids the Ogallala Aquifer and the Sandhills region in Nebraska. "The identified route, along with our commitment to implement additional safety requirements above and beyond those required for any other pipeline, ensures the protection of Nebraska's resources," said Russ Girling, TransCanada's president and CEO. TransCanada submitted the revised route plan to the Nebraska Department of Environmental Quality.

 

08.15.12

71 percent of voters favor more oil and natural gas development

Harris Interactive conducted a poll and found 71% of American voters favor increased access to U.S. oil and natural gas resources and 92% say energy security and producing at home more oil and natural gas is an important issue this election.

 

08.09.12

Coastal governors say 5-year OCS plan consultation fell short

OCS Governors Coalition members cited in a recent letter ",, the administration fails to expand adequate access to resource-abundant areas in the Arctic and fails to establish leasing in the Mid- and South-Atlantic".