Pennsylvania Producing 20% of Nation’s Natural Gas

The  U.S. Energy Information Administration recently produced natural gas statistics showing that in 2016, the state of Pennsylvania produced 5.26 trillion cubic feet of natural gas which accounts for 20% of all the natural gas produced in the U.S.! In the below chart, you can see just when the jump started to increase and that is […]

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Trump Outlines Plans for Energy Industry at 2016 Shale Conference

From September 21-22, 2016, SHALE INSIGHT 2016 provided participants a front-row seat for the most important discussions on shale development, featuring some of the most prominent industry and government leaders. Attendees networked with the most influential industry executives and innovative thought leaders through two days of technical and public affairs insight sessions, major keynote addresses, […]

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OPEC Still Planning on Freeze Despite Increase in Production

October proved to be a record month for the Organization of the Petroleum Exporting Countries (OPEC) for oil production, with 33.54 million barrels per day (b/d) being pumped per day. S&P Global Platts, the leading independent provider of information and benchmark prices for the commodities and energy markets, surveyed OPEC and oil industry officials and […]

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Shale Insight 2016 Conference Brings the Gas World to Pittsburgh

For three days at the end of September, Pittsburgh was at the epicenter of the oil and gas world as the sixth annual edition of Shale Insight 2016 came to the David L Lawrence Convention Center. Keynote speaker for the event was presidential candidate Donald Trump, who told a largely sympathetic audience that he favored […]

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Saudi Arabia’s Hostage

Almost two years ago, the increased oil production by Organization of the Petroleum Exporting Countries (OPEC), led by Saudi Arabia, drove down oil prices to nearly $50/bbl, the price at which many shale producers could not break-even, initiating an economic oil war against the United States. But their plan has backfired, since OPEC has failed […]

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Creditors lose historic sums in oil bankruptcies, Moody’s says

FuelFix by: Collin Eaton For the lenders that bankrolled the shale boom, the oil-market crash may leave as much financial wreckage behind as the devastating telecom bust in the early 2000s, Moody’s Investors Service said. On average, banks and bond investors have recovered only about $1 of every $5 they poured into the U.S. oil […]

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Week in Review: April 18th

These are the biggest articles circulating the natural gas industry for the week of April 18, 2016. Kane Lawsuit Delays Natural Gas Royalties Settlement Payment – TribLIVE By David Conti Kathleen Kane, the Pennsylvania Attorney General, has embarked on far-reaching legal battle over natural gas royalties. The lawsuit delayed the payment of nearly $11 million […]

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TransCanada Pipeline Resumes Production After Leak

A TransCanada Corp. pipeline resumed operations after a week long shutdown, according to the company. The pipeline was temporarily closed when a leak was discovered in South Dakota. The leak is said to have spilled nearly 400 barrels of oil. The company plans to use aerial patrols and visual inspections to check the pipeline’s progress. […]

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Week in Review: April 4th

U.S. Judge Approves BP Settlement for 2010 Gulf of Mexico Oil Spill – CNBC By Reuters BP received final approval from a U.S. Judge to pay $18.7 billion in fines to the U.S. government and five states affected by the 2010 oil spill. The agreement requires BP to pay at least $12.8 billion to the […]

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Shell Buys Hotel Property in Beaver County, PA

Royal Dutch Shell bought the former Kubuta Hotel in Beaver County, PA adding to its real estate holdings in the Marcellus Shale. The Pittsburgh Business Times reports, the hotel sits by the new construction of an ethane cracker plant. Though, Shell has not confirmed if development will continue on the plant, the company continues to […]

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