Midstream

Petronas Gets Jump Start on Future Employees Through Education Outreach

According to the U.S. Bureau of Labor Statistics, the employment of petroleum engineers is expected to grow 26% by 2022 compared to 2012, much faster than the national average or of other engineering jobs. There is a huge shortage

Bellatrix Exploration on Track to Maintain 100% Year-over-Year Growth

Bellatrix Exploration on Track to Maintain 100% Year-over-Year Growth

Bellatrix Exploration Ltd. (ticker: BXE) is a Calgary-based E&P operating in the Western Canada Sedimentary Basin. The majority of operations are focused on the Cardium tight oil play in Alberta – an area that has boosted production rates tenfold since …

Bakken Crude Poses Lower Risk than other Flammable Liquids: Study

Bakken Crude Poses Lower Risk than other Flammable Liquids: Study

A number of oil train derailments and resulting fires over the past year in the U.S. and Canada spurred questions about the volatility risk of U.S. Bakken crude oil being shipped by rail from North Dakota to refineries throughout North …

China to Build $10 Billion in LNG Ships

In part of its effort to “wage war on pollution,” as promised by Premier Li Kequiang, China’s shipyards will take upwards of $10 billion in orders for new LNG tankers this decade.

Most of this demand is local, …

U.S. Shale Spurs Ethane Infrastructure Growth in UK, USA

U.S. Shale Spurs Ethane Infrastructure Growth in UK, USA

Ethane, one of the natural gas liquids (NGLs), is a byproduct of natural gas production. Ethane is used as petrochemical feedstock and is key in making polyethylene—plastic. Ethane is also used in the production of products like antifreeze and detergents.…

DOE Approves First West Coast LNG Terminal

DOE Approves First West Coast LNG Terminal

Yesterday, the Department of Energy (DOE) announced that it will allow LNG Development Co. (ticker: LLC) to export LNG from a terminal in Warrenton, Oregon, to countries without a Free Trade Agreement. The terminal is the first of its …

China Looks Away from Coal

China Looks Away from Coal

China is the world’s largest consumer of coal. According to the EIA, almost 70% of the energy China used in 2011 came from coal.


world coal usage

However, China announced last year that it plans to cut back on coal in favor …

International Fallout: Iraq, Russia Markets Face Unknowns in Midst of Turmoil

International Fallout: Iraq, Russia Markets Face Unknowns in Midst of Turmoil

Russia and Iraq are giants in the hydrocarbon industry. The two powerhouses were the third and sixth greatest oil producers in 2012, and Iraq’s oil reserves rank fifth in the entire world. Russia’s natural gas reserves are the highest on …

Japan Has a Problem

Japan Has a Problem

Japan has an intelligent, well-educated citizenry, strong business leaders and dedicated workers who created an industrial juggernaut that has been the envy of the world for decades. But Japan has a problem.

With no natural gas and very limited oil …

Will Russia’s Accumulation of Asian Energy Deals Make Western Sanctions Obsolete?

Already, Russia commands about 38.7% of Europe’s natural gas market, but it has been hard at work extending its economic influence in Europe and Asia. With almost 60% of Russia’s exports from natural gas, Vladimir Putin is taking steps to …

Will Northern Gateway Beat Keystone XL to the Finish Line?

Will Northern Gateway Beat Keystone XL to the Finish Line?

On June 17, the Canadian federal government approved the pipeline portion of Enbridge Incorporated’s (ticker: ENB) Northern Gateway Project, a $6.1 billion crude oil and condensate pipeline and marine terminal that was proposed in 2010.

Canada’s petroleum producers are …

July 25, 2014 - 5:49 pm Canada, Midstream, Oil and Gas 360 Articles, Regulatory
U.S. Refinery Rates at All-Time High: EIA

U.S. Refinery Rates at All-Time High: EIA

United States refineries have processed as much as 16.8 MMBOPD in each of the past two weeks, according to a report released by the Energy Information Administration (EIA) on July 24, 2014. The historic mark, based on EIA data beginning …

July 24, 2014 - 4:14 pm Earnings, Midstream, Oil and Gas 360 Articles

“Attention Delta Airlines’ Passengers: You may now thank the oilfield workers in the Bakken for today’s lower airfares…”

North Dakota crude will arrive at Delta’s in-house refinery by rail

Delta Airlines (ticker: DAL), through its refining subsidiary Monroe Energy LLC, has inked a deal with midstream supplier Bridger LLC to supply 65,000 BOPD of Bakken crude oil to …

July 23, 2014 - 4:53 pm Midstream, Oil and Gas 360 Articles
Energy and Commerce Committee Chairman Upton’s “Architecture of Abundance”

Energy and Commerce Committee Chairman Upton’s “Architecture of Abundance”

During the EIA Energy Conference last week, July 14 to July 15, Michigan’s Representative Fred Upton (R) gave a speech about his ideal energy future. He called his plan the “Architecture of Abundance.” It is  a plan with five pillars:…

Will Voters Kill Colorado’s Golden Goose?

Will Voters Kill Colorado’s Golden Goose?

August 4 is the deadline for two citizens’ groups that are attempting to collect the signatures required to land two statewide ballot proposals on the November ballot. If successful, they would give voters the power to inhibit Colorado’s future oil

Natural Gas Inventory to Recover with Cooler Summer: Weather Services International

Natural Gas Inventory to Recover with Cooler Summer: Weather Services International

Weather Services International (WSI), a division of Weather Central, expects natural gas inventory numbers to largely recover in the coming months due to below-average temperatures in the “northern and central Rockies eastward across the Great Lakes and Ohio Valley regions,” …

July 21, 2014 - 3:30 pm Midstream, Oil and Gas 360 Articles, Oilfield Services
The EPA’s CO2 Rules: More Gas-Fired Generation Plants, Other Remedies

The EPA’s CO2 Rules: More Gas-Fired Generation Plants, Other Remedies

Last month, the U.S. Environmental Protection Agency (EPA) released its proposed Clean Power Plan, which plans to lower carbon dioxide (CO2) emissions by 30% by 2030, compared to 2005 levels. The U.S. levels in 2013 were 10% below those of …

Bakken Update: The Top Five Producers in One of America’s Greatest Oil Fields

Bakken Update: The Top Five Producers in One of America’s Greatest Oil Fields

The Bakken Shale, the third largest regional oil producer in the United States, achieved the 1 MMBOPD milestone in June 2014. The announcement came just months after IHS announced the field had produced a total of 1 billion barrels …

July 15, 2014 - 5:37 pm Midstream, Oil and Gas 360 Articles
Bam! It’s Earnings Season Again – Q2’14 Estimates

Bam! It’s Earnings Season Again – Q2’14 Estimates

EnerCom, Inc. compiled second quarter earnings per share, revenue, EBITDA and cash flow per share analyst consensus estimates on 181 E&P and OilService companies in our database.

Click here for the full chart of estimates.

The median OilServices company earnings …

July 15, 2014 - 4:54 pm Analytics, Earnings, Midstream, Oil and Gas 360 Articles
Experts: ISIS Wants Oil to Create its Own State, Will Seek to Capture More Oil Fields

Experts: ISIS Wants Oil to Create its Own State, Will Seek to Capture More Oil Fields

It is no coincidence that ISIS is using the oil fields and pipelines it captured in Iraq and Syria to sell crude oil for the purpose of funding its activities, according to a report in Istanbul’s Daily Sabah, dated July …

July 11, 2014 - 4:30 pm Midstream, Oil and Gas 360 Articles

Private Equity Firms Team Up to Create one of the Barnett Shale’s Largest Producers

Portfolio companies of KKR and Riverstone Holdings LLC have merged to create Trinity River Energy, LLC, according to a news release on July 9, 2014. The two portfolio companies, formerly known as KKR Natural Resources Funds and Legend Production Holdings, …

July 10, 2014 - 5:47 pm Midstream, Oil and Gas 360 Articles
Keystone XL:  2,119 Days and Counting

Keystone XL: 2,119 Days and Counting

20,000 U.S. Jobs, $7B Project Stuck in Limbo

As of July 9, the Keystone Project has been studied for 2,119 days, according to the House Energy and Commerce Committee. No other pipeline has taken so long to gain approval.…

July 9, 2014 - 5:48 pm Canada, Midstream, Oil and Gas 360 Articles, Regulatory
Marcellus/Utica Growth Continues for Rice Energy; Adds 22,000 Net Acres from Chesapeake

Marcellus/Utica Growth Continues for Rice Energy; Adds 22,000 Net Acres from Chesapeake

Rice Energy (ticker: RICE) is an independent natural gas and oil company engaged in the acquisition, exploration and development of hydrocarbons in the Appalachian Basin. The company filed its initial public offering in January 2014. Approximately 33% of the company’s …

Big Banks See Gas Prices Staying at $4-$5.50 / MMBtu for 10-20 Years, Thanks to Growing U. S. Shale Production

Big Banks See Gas Prices Staying at $4-$5.50 / MMBtu for 10-20 Years, Thanks to Growing U. S. Shale Production

Bloomberg reported last week that Goldman Sachs, Societe Generale SA and BlackRock all see natural gas staying in the $4.00 – $5.50 range for the next 10-20 years. “Rising U.S. shale gas production is driving fear out of the futures …

July 1, 2014 - 5:37 pm Fracing, Midstream, Oil and Gas 360 Articles
Midstream:  Meritage’s First Crude Oil Unit Train Sends 70,000 Barrels of PRB Crude to the East Coast in 99 Tanker Cars

Midstream: Meritage’s First Crude Oil Unit Train Sends 70,000 Barrels of PRB Crude to the East Coast in 99 Tanker Cars

Thirteen months ago, Denver’s privately held Meritage Midstream announced a joint venture with Arch Coal (ticker: ACI), of St. Louis, Missouri, to form Black Thunder Terminal, LLC, to develop a rail terminal to provide crude oil handling, storage, rail loading …

July 1, 2014 - 4:58 pm Midstream, Oil and Gas 360 Articles
Marcellus and Utica Outpacing Regional Infrastructure as Production Estimates Continue to Rise

Marcellus and Utica Outpacing Regional Infrastructure as Production Estimates Continue to Rise

Acute need:  6 new pipeline projects under construction + 19 awaiting approval could add 3.5 Bcf/d capacity in 2015

The United States natural gas boom, spearheaded by the expanded development of the Marcellus Shale, has boosted the country to become …

June 27, 2014 - 5:13 pm Midstream, Oil and Gas 360 Articles
Synergy Resources VP Jon Kruljac Comments on SYRG’s Downspacing Program in the Wattenberg

Synergy Resources VP Jon Kruljac Comments on SYRG’s Downspacing Program in the Wattenberg

Synergy Resources Corporation (ticker: SYRG) is a domestic oil and natural gas exploration and production company with 392,000 gross (286,000 net) acres under lease. Synergy’s core area of operations and all of its production comes from the Denver-Julesburg Basin, which …

June 26, 2014 - 5:11 pm Earnings, Fracing, Midstream, Oil and Gas 360 Articles
Will North Dakota Push OPEC Members Out of the Top 20?

Will North Dakota Push OPEC Members Out of the Top 20?

Driving around the oil fields of North Dakota outside of Minot, you’re struck by the fact that you are surrounded by thousands of square miles of rich, expansive farmland—green fields as far as the eye can see. But it’s what …

June 25, 2014 - 5:26 pm International, Midstream, Oil and Gas 360 Articles, OPEC
Japan Looks to Import U.S. Natural Gas

Japan Looks to Import U.S. Natural Gas

With its 55 nuclear reactors currently offline in answer to the devastating earthquake and tsunami it suffered in March 2011, Japan has been forced to import more expensive alternative fuels to replace the homegrown nuclear-fueled electrical generation capacity which previously …

Paving the Way for LNG Exports: FERC Approves Second LNG Terminal in the U.S.

Paving the Way for LNG Exports: FERC Approves Second LNG Terminal in the U.S.

Sempra Energy (ticker: SRE) has received approval from the Federal Energy Regulatory Commission (FERC) to build the second liquefied natural gas (LNG) export plant in the United States, according to a company press release on June 19, 2014. The …