Bigger completions, longer laterals, bigger data and more are behind better well results throughout the Rockies and the Lower 48. This is a piece of what you can watch and take time to research and dissect insider information with. This is part of a recent technical roundtable at the DUG Rockies conference in Denver. You
Read More...Crude oil prices settled lower Monday after a choppy trading session, as Saudi Arabia and Russia have not yet agreed to extend the Opec+ output-cutting deal, and U.S.-China trade tensions continued to threaten crude demand, Kallanish Energy understands. U.S. West Texas Intermediate crude futures settled 73 cents lower, at $53.26 per barrel, falling 1.4% for the
Read More...U.S. line pipe prices sunk in May, Kallanish Energy’s sister publication, Kallanish, learns from analyst Pipe Logix. Average U.S. line pipe prices fell by 1.5% from April to May, reaching a combined $1,757/short ton at the distribution level. Domestic prices fell by 1.5%, to $1,930/st, while import prices fell by 1.4%, to $1,584/st. Pipe Logix
Read More...Meritage Midstream Services II said Monday its Thunder Creek NGL Pipeline subsidiary launched a binding open season to support construction of a 140-mile extension to its existing natural gas liquids pipeline, Kallanish Energy reports. The extension will facilitate transportation of Ngls from two processing plants located in Wyoming’s Campbell and Converse counties, to an interconnection
Read More...For the second time this month, the West Virginia Supreme Court ruled on surface rights disputes between landowners and E&Ps. On June 10, the court upheld a lower court ruling in a case against Antero Resources that threw out a collection of lawsuits arguing Antero’s operation in the Cherry Camp area had created a nuisance.
Read More...MELBOURNE—Royal Dutch Shell on June 10 shipped the long-awaited first cargo of LNG from its Prelude floating LNG plant off northwest Australia, sealing Australia’s position as the world’s top LNG exporter. Prelude’s start-up marks the end of a $200 billion LNG construction boom in Australia over the past decade, during which eight LNG plants were
Read More...Things calmed down on the 2019 Midstream 50. There were none of the gigantic zooms up and down that occurred in the prior year, with more typical shuffles by a few points up or down the rule this time around. Compare those minor moves to last year’s rankings when Enbridge Inc. shot to the top
Read More...North American shipments of primary plastics machinery declined in the first quarter, according to figures released June 3 by the Plastics Industry Association’s Committee on Equipment Statistics. The preliminary estimate of the shipments value for injection molding and extrusion equipment in the first quarter was $273 million, nearly 28 percent lower than the fourth quarter
Read More...Horizontally drilled wells now account for 96 percent of U.S. oil production from shale formations, as well as about 97 percent of shale gas production – up from 15 percent and 14 percent, respectively, in 2004 – according to a report from the U.S. Energy Information Administration. Horizontal drilling, used in conjunction with hydraulic fracturing
Read More...Halcón Resources Inc. on June 10 appointed Richard Little as CEO, filling a vacancy created in February when the Houston-based company’s founder Floyd Wilson stepped down. Little is a petroleum engineer with 23 years’ experience in the energy business. He was most recently CEO of Ajax Resources, a Permian Basin-focused E&P backed by New York-based
Read More...Former New York City mayor Michael Bloomberg recently announced that he is “shooting for the moon” and spending $500 million “to close every coal-fired power plant in the United States and halt the growth of natural gas,” through a Beyond Carbon campaign led by the Sierra Club. But the proposal is out-of-touch with reality and
Read More...The only North American conference targeting plastics caps and closures makers, the Plastics Caps & Closures conference, held Sept. 9-11, 2019, in Chicago, provides a hotbed of discussion on many of the top innovations, process and product technologies, materials, trends and consumer insights that influence both packaging and caps and closures development. This post appeared
Read More...The United States – currently the third largest exporter of liquefied natural gas – will surpass Australia and Qatar to become the world’s largest exporter of LNG within five years, according to a recent International Energy Agency report. The United States Will Continue to Rapidly Grow Its LNG Exports. The United States exported nearly 1.6
Read More...Woodbridge, Ontario-based Royal Building Products Inc. has purchased Lenexa, Kan.-based DaVinci Roofscapes LLC to top off its product offering with composite roofing and expand its selection of composite siding. Founded in 1999, DaVinci injection molds its composites from virgin high and low density polyethylene, fire retardants, pigments and UV stabilizers. The company had been focused
Read More...The founder of an Alabama precision medical machining company has purchased Tropic Tool & Mold Inc., an Albertville, Ala., injection mold shop that serves the medical, electronics and automotive industries. Kenny Cleveland bought the 13-employee Tropic Tool & Mold earlier this year, through his holding company, 222 Holdings LLC. Terms were not disclosed. Robert Knoth
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