1. How big is the U.S. oil and gas industry, and what is its growth trajectory? The US oil and gas sector employs about 880,000 workers and contributes about $1.5 trillion towards the US gross domestic product, the growth of which has been heavily driven by shale production. Production of oil and gas hit record levels in 2019, with natural gas production
Read More...By MATTHEW BROWN Associated Press BILLINGS, Mont. (AP) — Oil production from federally-managed lands and waters topped a record 1 billion barrels last year, U.S. officials told The Associated Press, as shorter permitting times and technological advances helped drive new development. Critics charge that the gains being made by energy companies come at the expense
Read More...London (CNN Business)The amount of oil needed to run the global economy will decline sharply in the first quarter of this year as the coronavirus forces factories to close in China, snarls transportation and hits supply chains. Global oil demand in the first three months of 2020 is expected to drop by 435,000 barrels per day compared to
Read More...Feb 11, 2020 | By Rick Stouffer, Editor, Kallanish Energy There’s no question the energy mix in the U.S. is undergoing tremendous change, as coal rapidly is being shoved out of the picture, its emissions dooming its use, despite a huge supply in the Lower 48 U.S. states and worldwide. Coal’s share of U.S. power
Read More...Dow to expand ethylene capacity in Canada, Shells sells refinery to focus on chemicals, PTTG advances Ohio works Posted on Feb 12, 2020 News Briefs Image shows one of the PTT Global Chemical’s existing assets. The company is evaluating an FID for a new cracker and polymer plant in Ohio. Image courtesy of PTTGC. Dow
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FEBRUARY 7, 2020 BY SHELLEY BYRNE A new multi-million dollar Ohio Port Authority grant program is providing funding to ports along the Ohio River and Lake Erie or businesses within ports. The Ohio Maritime Assistance Program began accepting applications from ports January 27 and will continue through March 27. It provides $11 million in funding through
Read More...BELMONT COUNTY, Ohio (WTRF) – The possible arrival of an ethane cracker plant has brought many concerns to several organizations across the Ohio Valley. Those issues were addressed on Tuesday by a spokesperson for the petrochemical corporations that may construct the site. A consistent concern is breathable air and drinkable water. https://www.wtrf.com/news/local-news/pttgc-address-issues-concerning-possible-cracker-plant/
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Site Selection Managing Editor Adam Bruns delivered remarks last week at the inaugural Appalachian Basin Real Estate Conference at Oglebay Resort in Wheeling, West Virginia. Short on platitudes and long on business intelligence, the conference’s lineup was in agreement that the unconventional oil and gas revolution has sparked economic growth in the tri-state Ohio River
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Values of Ohio River Properties Surging Penn Valley, PA (November 22, 2019) The deal activity in the Ohio River Valley has been increasing. The best and biggest deals are coming. Get the latest information about the developments in the Ohio River Valley. Plan on attending Shale Directories’ Inaugural Appalachian Basin Real Estate Conference which will
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Tax Expert to Speak at Appalachian Basin Real Estate Conference Penn Valley, PA (November 26, 2019) Shale Directories announces that Austin Power, Principal at Novogradac will be a speaker at the Inaugural Appalachian Basin Real Estate Conference 12/11 and 12 at Oglebay Resort in Wheeling, West Virginia. Power is a principal in the Dover, Ohio,
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Department of Energy Senior Economist to Present at Appalachian Basin Real Estate Conference Penn Valley, PA (November 20, 2019) Shale Directories announces Charles Zelek, Senior Economist, Department of Energy, Fossil Fuels will present at the Appalachian Basin Real Estate Conference December 11 & 12th at Oglebay Resort in Wheeling, West Virginia. The conference is sponsored
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From NGI – Natural Gas Intelligence – https://www.naturalgasintel.com/ Full U.S. Energy Independence Said Near on ‘Gargantuan’ Rise in Lower 48 Oil, Natural Gas Carolyn Davis November 26, 2019 With a “gargantuan” increase in oil and natural gas output from the Lower 48, the United States may be only months away from full energy independence, according
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Shell and PTTGC Cracker Plants Bringing Significant Development to the Appalachian Basin Penn Valley, PA (November 25, 2019) Royal Dutch Shell is building a $7 billion world class polymers cracker plant in Monaca, Beaver County, Pennsylvania. The plant is nearing completion and could go into operation fourth quarter of 2020. There are currently over 6,000
Read More...Investment in Ohio’s Utica Shale approaches $78B www.kallanishenergy.com Total investment in Ohio’s Utica Shale is nearly $78 billion since tracking began in 2011, according to a new study by Cleveland State University. Investment has grown by $7.7 billion through 2018 since the last report was completed in 2017, said the study from CSU’s Energy Policy
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Appalachian Basin Economic Development and Site Selection Opportunities Showcased Penn Valley, PA (November 20, 2019) Shale Directories announces that millions of dollars of real estate and a numerous sites will be displayed at the Appalachian Basin Real Estate Conference December 11 & 12th at Oglebay Resort in Wheeling, West Virginia. The conference is sponsored by
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