Post Tagged with: "Pipelines"

Trudeau to Lay Out Predictable Timelines for Pipeline Reviews

Trudeau to Lay Out Predictable Timelines for Pipeline Reviews

From Bloomberg Justin Trudeau wants to make reviews of pipeline and other major projects run on time as Canadian producers struggle to get oil to market. The federal government will propose new rules for regulatory vetting of all major development projects in the new year, shortly after parliament reconvenes on Jan. 29, Natural Resources Minister Jim Carr said. Trudeau instructed his ministers two years ago to look into changing how environmental impact reviews are conducted, as well as modernizing the country’s energy regulator. The new regime “move us into a better place of predictability, timelines and certainty, increasing public confidence among Canadians in the regulatory framework,” Carr said in a telephone interview. “It is a goal that the timelines be predictable and they be reasonable, and we understand these are very important for investors.” Landlocked resources are a persistent problem for Canada. The price of its heavy crude has slumped amid an extended[Read More…]

December 28, 2017 - 3:24 pm Canada, Closing Bell Story, Energy News
Source: SkyX

Drones Monitor Pipelines Faster than Humans

Drone analyzes 100 km of pipeline anomalies in one hour, a task estimated to take one week for human manpower for inspection SkyX Systems Corporation has developed a drone system and tested it by collecting data in a flight over a 100 km (62 miles) pipeline. The SkyOne Unmanned Aerial System (UAS) flew over an unnamed pipeline in Mexico collecting data on the pipeline. The flight was programmed and monitored remotely from the company’s Greater Toronto Area SkyCenter mission control. A support crew of engineers was on the ground in Mexico. SkyX said, “Using high-resolution imagery, the longest of multiple flights in Mexico identified more than 200 potentially significant anomalies along the pipeline, ranging from unauthorized buildings and cultivation, to a fissure possibly caused by seismic activity.” The 100 km flight geo-referenced anomalies that the customer was unaware of, the company said. Precise coordinates were recorded, allowing rapid investigation and[Read More…]

December 6, 2017 - 5:03 pm Closing Bell Story, Midstream, Oil and Gas 360 Articles
Federal Appeals Court Sides with Sierra Club in Florida Pipeline Case

Federal Appeals Court Sides with Sierra Club in Florida Pipeline Case

Sabal Trail: court requires FERC to account for GHG impact from pipeline’s downstream gas users On August 22, 2017, the United States Court of Appeals serving the District of Columbia circuit granted the petition for review in the case of Sierra Club v. the Federal Energy Regulatory Commission (FERC) and Duke Energy. “The petition for review in No. 16-1329 is granted,” the court’s decision reads. “The orders under review are vacated and remanded to FERC for the preparation of an environmental impact statement that is consistent with this opinion.” Sabal Trail is up and running The timeline to build the project is as follows: 2015: FERC issued a final environmental impact statement (EIS) 2016: FERC approved construction of all three project segments 2016: Construction on the $3.2 billion Sabal Trail pipeline began after developers received finalized permits from FERC and the U.S. Army Corps of Engineers 2016: FERC issued a[Read More…]

Shipping Energy: What’s Safe, What’s Not?

Shipping Energy: What’s Safe, What’s Not?

Shipping choke points could be security threat The EIA estimates that approximately 61% of the total world petroleum supply—or 58.9 million BOPD—travelled in maritime tankers. The oil in these tankers represents nearly 28% of the world’s shipping in weight alone. The EIA defines oil chokepoints as narrow channels along widely used global sea routes. Some of these points are so narrow that only certain types of vessels are allowed to transit through them. These areas typically have high volumes of oil moving through them—and inhibiting the movement of volumes that large could impact global energy security. The potential for these chokepoints to be blocked by pirate activity, terrorist attacks, or political unrest have the potential to impact international energy markets, not to mention the potential for such unrest to cause disastrous oil spills. The EIA has highlighted seven chokepoints in major trade routes that could impact the international energy market.[Read More…]

White House Nominees May Restore FERC Quorum

White House Nominees May Restore FERC Quorum

President Donald Trump nominates Neil Chatterjee and Robert Powelson to FERC The White House announced Monday that President Donald Trump has nominated a number of people to key administration posts, including two nominees for the Federal Energy Regulatory Commission (FERC), which approves pipelines in the United States. After approving seven pipelines in 2017 FERC lost quorum with the resignation of Norman Bay, halting all project approval and leaving approximately $16.7 billion worth of pipeline projects in limbo. More recently, a second commissioner announced her resignation from the commission. Nominees must be confirmed by the Senate. Former FERC Commissioner Tony Clark said in late March that, even if a nomination was made immediately, it would likely take until the end of May to reach a quorum. Going off that timeline, it could be early-July before a quorum is restored and FERC is able to restart the approval process for new pipelines.[Read More…]

After Approving 7 Pipelines in 2017, FERC is Dead in the Water

After Approving 7 Pipelines in 2017, FERC is Dead in the Water

FERC is out of gas without a quorum For years, Marcellus and Utica natural gas transportation bottlenecks have seen producers crying for more takeaway capacity to move produced natural gas out of Appalachia. And just when they started to get some relief from FERC-approved pipeline projects, FERC ran out of gas—at least temporarily. So far in 2017, the Federal Energy Regulatory Commission (FERC) certificated seven projects representing more than 7 Bcf/d of new pipeline capacity. In 2016, the commission certificated 17.6 billion cubic feet per day (Bcf/d) of new natural gas pipeline capacity. Pipeline certification involves reviewing applications for the construction and operation of natural gas pipelines and ensuring that applicants comply with safety standards. Receiving a certificate is just one step in the process of building and operating a new pipeline; and pipelines receiving certification in 2017 will not necessarily come online in 2017, according to a report by the EIA. FERC had already[Read More…]

TransCanada Moving Ahead with $655 Million Gas Pipeline

TransCanada Moving Ahead with $655 Million Gas Pipeline

TransCanada’s Saddle West natural gas project will have a transportation capacity of 355 MMcf/d Calgary-based TransCanada Corp. (ticker: TRP) announced Wednesday that the company’s wholly-owned subsidiary, NOVA Gas Transmissions Ltd. will proceed with its $655 million Saddle West natural gas project. The project is expected to increase total natural gas transportation capacity on the northwest portion of the system by approximately 355 MMcf/d, TransCanada said in a press release. The Saddle West Expansion Project will include 29 kilometers (18 miles) of 36-inch pipeline looping of existing mainlines, the addition of five compressor units at existing station sites and new metering facilities. An application to construct and operate the project will be filed with the National Energy Board in the third quarter of 2017, and subject to regulatory approvals, construction is expected to start in 2018, according to TransCanada. “The NGTL System is a key component of TransCanada’s high-quality portfolio of[Read More…]

December 9, 2016 - 12:39 pm Canada, Closing Bell Story, Midstream, Oil and Gas 360 Articles
Interstate NatGas Pipeline Applicants Must Include 19 Exhibits: FERC

Interstate NatGas Pipeline Applicants Must Include 19 Exhibits: FERC

New Rule Reinstates Pipeline Application Requirement Effective March 22, 2016, FERC has made a correction to the requirements for those applying for interstate natural gas pipeline approval. The change reinstates the exhibits required to be attached to each certificate application by interstate natural gas pipelines. The rule is available at the Federal Register online here. Summary information for the new FERC rule is listed below: Standards for Business Practices of Interstate Natural Gas Pipelines; Correction A Rule by the Federal Energy Regulatory Commission on 03/22/2016 Publication Date: Tuesday, March 22, 2016 Agencies: Department of Energy; Federal Energy Regulatory Commission Dates: Effective March 22, 2016. Effective Date: 03/22/2016 Entry Type: Rule Action: Correcting amendments. Document Citation: 81 FR 15156 Page: 15156 -15159 (4 pages) CFR: 18 CFR 157 Agency/Docket Number: Docket No. RM96-1-038 Document Number: 2016-06288 Shorter URL: https://federalregister.gov/a/2016-06288 Natural gas Reporting and recordkeeping requirements Summary of Correcting Amendments This document contains corrections to the final rule that was published in the Federal Register on Monday, November 2, 2015 (Order No. 587-W). These[Read More…]

Range Resources to Benefit from Mariner East 1 Startup

Range Resources to Benefit from Mariner East 1 Startup

Range expects annual uplift of $90 million in net cash flow once all three pipelines are online Range Resources (ticker: RRC) has always prided itself on optionality and takeaway capacity, and the commissioning of the Mariner East 1 pipeline is about to add to its portfolio. Mariner East 1 will be fully operational in February 2016, according to an article on TankTerminals.com that was relayed to the RRC site. Mariner East 1 will serve as a vital piece of ethane exports and is currently rated at about 70 MBOPD, but the previous inability to export the resource had rates running well below its maximum capacity. Now that the export outlet is commissioned, volumes of natural gas liquids (NGLs) are expected to be running above the maximum due to additional deliveries including other modes of transportation. Marcus Hook, the destination of the newly commissioned pipeline, is one of only two export[Read More…]

Amendments to Strengthen Natural Gas Pipelines Pass Senate Committee

Amendments to Strengthen Natural Gas Pipelines Pass Senate Committee

Amendments address safety of natural gas pipelines and transparency related to oil spills The Senate Commerce, Science and Transportation Committee today included three amendments when it passed pipeline reauthorization legislation (S. 2276). Two of the amendments by Massachusetts Sen. Ed Markey address “lost and unaccounted for natural gas from aging, leaky pipelines,” according to a statement from Sen. Markey’s office. “A recent Massachusetts analysis found approximately 20,000 potentially dangerous and damaging natural gas pipeline leaks,” Markey’s office said. Senator Markey’s April 2013 report found that Massachusetts ratepayers paid up to $1.5 billion from 2000-2011 for gas that never reached their homes and businesses. A third Markey amendment would improve oversight by ensuring companies submit complete, unredacted oil spill response plans to Congress. “Aging infrastructure is costing Massachusetts consumers money …,” Markey said in a statement. “Repairing these aging and leaking natural gas pipelines is a win for safety, a win for job creation,[Read More…]

December 9, 2015 - 5:46 pm Midstream, Oil and Gas 360 Articles, Regulatory
Canada’s Energy Audible: New Prime Minister Justin Trudeau Making his Mark on the Industry

Canada’s Energy Audible: New Prime Minister Justin Trudeau Making his Mark on the Industry

Justin Trudeau, the newly elected Prime Minister of Canada, has been in office for less than two weeks but is already making waves in the nation’s energy industry. In a mandate letter to the Minister of Transport, Trudeau outlined the first steps of his policy and called for a “renewed, nation-to-nation relationship with Indigenous Peoples, based on recognition of rights, respect, cooperation and partnership.” That includes a further collaboration with Canada’s energy policy, which oversees a sprawling network of pipelines and associated infrastructure to deliver the country’s chief export product to market. As evidenced by a recent pipeline conundrum, those infrastructure buildouts are not completed with a high degree of understanding between the industry and the community. There is certainly a chance for outright opposition (as is the case with the Keystone XL, which Trudeau approves), but Canada’s 43-year old Prime Minister expects the Minister of Transport to align the[Read More…]

Pipe destined for TransCanada’s Keystone XL pipeline is stockpiled near Gascoyne, N.D. (CBC)

Pipelines Figure Prominently in Canada’s PM Race

The race for the position of Canadian Prime Minister continues as the October 19 elections approach, and candidates continue to spar over the importance of various pipeline projects throughout Canada. National polls last week showed the Conservatives at 31%, the Liberals at 30% and the New Democratic Party (NDP) at 29%, putting the Conservatives, the party of Canada’s current prime minister, Stephen Harper, on track for a minority government. Keystone XL hotly debated north of the border as well During a recent debate held amongst the three frontrunners, Conservative Leader Stephen Harper was accused of taking too aggressive of a stance on TransCanada’s (ticker: TRP) Keystone XL pipeline with the American government, reports Toronto Sun. Harper has pressed Washington to approve the pipeline, calling the project a “no brainer,” and saying that he would not “take no for an answer.” Keystone XL remains the focus of intense scrutiny in the[Read More…]

October 5, 2015 - 1:33 pm Canada, Midstream, Oil and Gas 360 Articles, Regulatory
Colorado Governor John Hickenlooper

Hickenlooper: We Need One Set of Regional Oil & Gas Regulations for the Western States

An OAG360® Exclusive: Interview with John Hickenlooper, Governor of Colorado Listen to the interview Colorado enjoys robust energy development as an integral piece of its economy. It’s the seventh most productive oil state, sixth in natural gas production and it’s eleventh in the U.S. for coal production. According to the Business Research Division of the Leeds School of Business at the University of Colorado, the upstream and midstream oil and gas industry recorded almost 32,000 jobs in 2012, supported an additional 61,000 jobs, paid direct wages to oil and gas industry workers in excess of $3.2 billion and supported an additional $3.5 billion in wages to other industries. Last year, after a number of local bans on hydraulic fracturing were imposed and two ballot initiatives were circulated for signatures that would have amended the Colorado constitution to enforce larger setbacks on drilling and give local governments regulatory authority over oil and gas operations, Colorado[Read More…]

Panola Pipeline to Provide Additional 50 MBOPD of NGL Capacity to Mont Belvieu

Panola Pipeline to Provide Additional 50 MBOPD of NGL Capacity to Mont Belvieu

Enterprise, MarkWest, DCP, Anadarko Join Forces on Texas Pipe A joint venture to expand the Panola Pipeline was finalized on February 24, 2015, according to a press release by operator Enterprise Products Partners (ticker: EPD). Per the terms, EPD will retain a majority interest of 55% of the pipeline, while DCP Midstream Partners (ticker: DPM), Markwest Energy Partners (ticker: MWE) and a subsidiary of Anadarko Petroleum (ticker: APC) each own a 15% interest. The Panola Pipeline currently transports natural gas liquids (NGLs) 181 miles across Texas from Carthage to Mont Belvieu. The 60-mile expansion will increase takeaway capacity by 50 MBOPD and is expected to be operational by Q1’16. EPD closed its open season on January 22 after receiving ample shipping commitments from producers located in the Haynesville and Cotton Valley regions. Enterprise Expands its Empire Enterprise Products Partners snapped up Oiltanking Partners in November 2014 and is on the[Read More…]

February 24, 2015 - 6:47 pm Midstream, MLPs, Oil and Gas 360 Articles
Energy Transfer Partners Increasing Permian Presence with 533 Mile Pipeline

Energy Transfer Partners Increasing Permian Presence with 533 Mile Pipeline

Infrastructure in the Permian is about to receive a boost from Lone Star NGL, a joint venture between Energy Transfer Partners (ticker: ETP) and Regency Energy Partners (ticker: RGP). The two companies have approved the construction of the Lone Star Express pipeline, which will connect the Permian Basin to Mont Belvieu, the world’s largest natural gas liquids (NGL) hub, located about 30 miles inland from the Gulf of Mexico. The pipeline will consist of both a 24 and 30-inch pipeline intended for the transportation of NGLs, while the existing 12-inch pipeline will be modified for crude transport. The targeted operational date is Q3’16 and Q1’17, respectively, and is expected to cost between $1.5 and $1.8 billion. Lone Star NGL’s Position The new pipelines include 375 MBOPD of takeaway capacity to Bosque County, Texas, and another 495 MBOPD of takeaway capacity from Bosque to the Mont Belvieu plant. The company said[Read More…]

November 18, 2014 - 6:10 pm Midstream, Oil and Gas 360 Articles
Alberta pushes for rule change to spur Chinese investment, gain access to global markets

Alberta pushes for rule change to spur Chinese investment, gain access to global markets

Nathan VanderKlippe, The Globe and Mail 6:44 AM, E.T. | October 31, 2014 Alberta’s new political leadership is calling on Ottawa to take another look at foreign investment rules blamed for a dramatic drop in energy investments from China.When the federal government gave its approval of the $15.1-billion (U.S.) takeover of Nexen Energy ULC in late 2012, it came with a caveat: a raft of new policies intended to ensure such a deal would not happen again. Canada is not “for sale to foreign governments,” Prime Minister Stephen Harper said as he effectively blacklisted state-owned companies from further oil-sands takeovers.The guidelines sparked worry in China, and prompted warnings from the energy industry, bankers and lawyers. The guidelines, some have said, are discriminatory against China, and have blocked a major source of money that could be used to build a new generation of Fort McMurray-area projects. Now, the Alberta government itself[Read More…]

NiSource Joins the Crowd with New MLP Spin Off

NiSource Joins the Crowd with New MLP Spin Off

NiSource Inc. (ticker: NI) said yesterday it will file a registration statement for an IPO of common units for a new MLP whose assets will consist of a 14.6% interest in CPG OpCo LP, which will own the natural gas transmission, midstream and storage assets of NiSource. NiSource, through its wholly owned subsidiary Columbia Energy Group, will own the general partner of the MLP, all of its incentive distribution rights, and a majority of its limited partner interests following completion of the initial public offering. NiSource and its operating companies deliver energy to 3.8 million customers from the Gulf Coast through the Midwest to New England. The NiSource spinoff provides the ability to raise capital to expand pipeline networks. Constraints on pipeline and other gas transmission infrastructure has created problems for producers of oil and gas, especially in the fastest growing basins, such as the Marcellus shale and the Bakken. NiSource has announced plans to[Read More…]

September 29, 2014 - 5:08 pm Midstream, MLPs, Oil and Gas 360 Articles
ONEOK Partners Doing its Part to Keep Up with Bakken Midstream Needs; Nearly Doubled Williston Pipeline Network Since 2012

ONEOK Partners Doing its Part to Keep Up with Bakken Midstream Needs; Nearly Doubled Williston Pipeline Network Since 2012

ONEOK has laid enough pipe to go from Dallas to NYC five times and it’s not nearly enough. The current state of the United States oil and gas industry is indicative of a foot race between two Olympic athletes. In lane one is the upstream division, in lane two is the midstream. The stadium is packed – standing room only, actually. The runners take off, and runner #1 is off to a tremendous start. In fact, he’s headed to a world record. But runner #2 was slow out of the gates, and now his counterpart is restraining his speed in order for his teammate to catch up. Such is the current state of the shale boom. The United States may have just become the world’s top hydrocarbon producer, but the sudden rush of fossil fuels has overwhelmed the midstream market. Pipelines in the Northeast are operating at near full capacity[Read More…]

September 23, 2014 - 6:13 pm Midstream, MLPs, Oil and Gas 360 Articles
Proposed Projects Would Move Colorado Oil to Oklahoma, California

Proposed Projects Would Move Colorado Oil to Oklahoma, California

Cushing, Oklahoma’s giant crude oil storage hub will be linked to Colorado’s Niobrara/Codell shale oil production upon construction and completion of a new 550-mile pipeline between Weld County Colorado’s Wattenberg field and NGL Energy Partners’ (ticker: NGL) Cushing terminal. When completed and operating, the proposed Grand Mesa Pipeline, a joint venture project proposed by NGL Energy Partners LP and Rimrock Midstream LLC, could eventually move more than 130 MBOPD from the D-J Basin through Cushing to Midwest oil refineries, according to a press release. “The construction of the Weld County pipeline project will help further develop the crude and condensate-rich areas in and around the DJ and Wattenberg fields,” the NGL press release said. This new pipeline will be “the third major pipeline connecting to the already busy Cushing hub. Enbridge (ticker: ENB) is putting the finishing touches on its Flanagan South project from the Chicago area to Cushing, while[Read More…]

September 16, 2014 - 6:49 pm Midstream, Oil and Gas 360 Articles, Oilfield Services

GE, Accenture Roll Out New Pipeline Technology

Avoiding Downtime During Winter Freeze is the Goal Access to infrastructure is a vital asset for oil and gas producers. Despite infrastructure investments as high as $40 billion per year, production from E&Ps continue to outpace the takeaway capacity in booming areas like the Marcellus and the Permian. Spot prices in Midland, Texas are trading at a $17 discount to Brent and are provoking questions on if the market is oversupplied. GE (ticker: GE) and Accenture (ticker: ACN) are doing their part to maximize pipeline efficiency. The two companies announced the launch of the Intelligent Pipeline Solution in a joint release on September 8, 2014. The Solution is designed “to help customers make better, faster decisions on their pipeline operations to improve safety and prevent costly downtime,” according to the release. The new technology will debut on 15,000 miles of pipelines controlled by Columbia Pipeline Group in the Marcellus/Utica region.[Read More…]

September 8, 2014 - 5:18 pm Midstream, Oil and Gas 360 Articles, Oilfield Services

$2.7 Billion in New Marcellus Pipeline Infrastructure Announced this Week

In the first of two announcements this week, PennEast Pipeline LLC and UGI Energy Services (ticker: UGI) announced plans to build a 100 mile, $1 billion 30-inch gas pipeline from Pennsylvania and New Jersey to take Marcellus gas production to market. The PennEast pipeline is designed to take 1 Bcf of natural gas per day, which can supply gas to the equivalent of 4.7 million homes. UGI is operator of the pipeline and said that the project serves to meet growing demand in the mid-Atlantic marketplace. PennEast is a joint project of AGL Resources (ticker: GAS), NJR Pipeline Company, a subsidiary of New Jersey Resources (ticker: NJR), South Jersey Industries (ticker: SJI), and UGI Energy Services, a subsidiary of UGI Corporation. Separately, Columbia Pipeline Group, a unit of NiSource Inc. (NYSE: NI), announced a total of $1.75 billion in new investment in pipeline infrastructure that will enable it to transport[Read More…]

August 14, 2014 - 5:51 pm Midstream, Oil and Gas 360 Articles, Oilfield Services
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 eager to find an alternative to the nearly six-year delayed approval of the Keystone XL project. At the Canadian American Business’ conference on June 17, Rob Merrifield, conservative member of the House of Commons said, “We feel victimized by U.S. regulations.” The 731-mile Northern Gateway twin pipelines would move about 525 MBOPD from Alberta, Canada, across Canada’s Rocky and Coast mountains, to the port of Kitimat, British Columbia. Asia would be a primary target market for Canada’s oil upon completion of the Northern Gateway project. The Kitimat LNG project is the only one of its kind in Canada but construction has yet to begin. “Crude producers such as Canadian Natural Resources Ltd. (ticker: CNQ)[Read More…]

July 25, 2014 - 5:49 pm Canada, Midstream, Oil and Gas 360 Articles, Regulatory
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. On July 8, 44 diverse organizations, from businesses to labor unions, sent a letter supporting the speedy approval of TransCanada’s Keystone Pipeline to Secretary of State John Kerry. The Keystone XL pipeline was originally proposed in Sept. 2008 as an extension of the existing Keystone Pipeline. The goal was to transport crude oil from Alberta, Canada, to U.S. refineries along the Gulf coast. According to the Department of Energy, Keystone XL would be able to move up to 830,000 barrels of oil per day, representing about half the amount that the U.S. imports from the Middle East. On its Keystone update page, the U.S. Department of State web site says: “The[Read More…]

July 9, 2014 - 5:48 pm Canada, Midstream, Oil and Gas 360 Articles, Regulatory
Miller Energy Acquires Alaskan Unit; In Discussions to Construct Pipeline

Miller Energy Acquires Alaskan Unit; In Discussions to Construct Pipeline

Miller Energy Resources, Inc. (ticker: MILL) is an oil and natural gas exploration, production and drilling company operating in multiple exploration and production basins in North America. Miller’s focus is in Cook Inlet, Alaska and in the heart of Tennessee’s Appalachian Basin. Miller Adds 7 MMcf/d from Acquisition Cook Inlet Energy LLC (CIE), a subsidiary of Miller Energy Resources, announced the purchase of the North Fork Unit in Alaska from privately-held Armstrong Cook Inlet, LLC, on November 25, 2013. MILL will pay $59.975 million in cash in exchange for six natural gas wells, 15,464 net acres, and production and processing equipment. The company will also receive Anchor Point Energy, LLC, the owner and operator of nine miles of twin, four-inch natural gas transmission pipelines. The sale is expected to close in Q1’14. Current production in the North Fork is approximately 7 MMcf/d (1,167 BOEPD).  A multi-year firm natural gas sales[Read More…]

Marcellus Production Continues to Grow; Infrastructure Build Out Progressing

The Marcellus Shale will produce a record 12.6 Bcf/d in November 2013, according to the Energy Information Administration’s (EIA) Drilling Productivity Report on October 22, 2013. If the Marcellus itself were a country, it would rank eighth in the world in natural gas production – and the growth is expected to continue Companies such as Cabot Oil & Gas (ticker: COG), Range Resources (ticker: RRC), EQT Corp. (ticker: EQT) and newly public Antero Resources (ticker: AR) have vast expansion plans expected to be fueled by the Marcellus in the near-term. Cabot, already producing more than 1.0 Bcf/d, plans to grow production by 30% to 50% next year. Additionally, Range Resources said publicly in its Q3’13 release that they believe RRC production growth of 20% to 25% per year is sustainable over the near-term. OAG630 notes the street continues to recognize the future growth opportunities afforded by the Marcellus by rewarding[Read More…]

November 4, 2013 - 3:13 pm Fracing, Midstream, Oil and Gas 360 Articles