Articles from October, 2014

Exporting LNG could provide a new market for drillers.
October 31, 2014- Equipment News - Industry News - Product Trends

Exporting LNG could strengthen economy

A new report from the U.S. Energy Information Administration indicated lifting the ban on liquefied natural gas (LNG) exports could lead to higher levels of consumer spending and greater investment in energy technology.

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Pipelines can improve natural gas efficiency.
October 30, 2014- Equipment News - Health & Safety News - Industry News - Product Innovations - Product Trends

Natural gas pipeline gets the green light

The Constitution Pipeline Company overcame a large hurdle on Oct. 24 after the Federal Energy Regulatory Commission released it’s final ruling on the environmental impact of the proposed pipeline, according to Reuters.

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The U.S is quickly becoming an energy independent nation.
October 29, 2014- Equipment News - Industry News - Product Innovations - Product Trends

US could be energy independent in 10 years

A new release from Wood Mackenzie’s Global Trends Service indicated the U.S. is on track to be completely energy independent by 2025.

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Drilling hasn't begun yet in Southern Illinois.
October 28, 2014- Equipment News - Health & Safety News - Industry News - Product Trends

Southern Illinois missing out on fracking benefits

Approval permits for fracking in Southern Illinois have not moved forward due to the delayed release of drilling rules from the Illinois Department of Natural Resources, according to The Chicago Tribune.

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Natural gas prices typically rise in the winter.
October 28, 2014- Equipment News - Industry News - Product Trends

With stockpiles low, drillers work to increase natural gas inventory

After a dreadfully cold winter last year, natural gas supplies were depleted to an 11-year low because of a large increase in consumption, according to The Wall Street Journal.

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Drilling rigs declined last week.
October 27, 2014- Equipment News - Industry News - Product Innovations - Product Trends

Rig count down, production up

The weekly rig count declined by 12 for the week ending Oct. 17, according to Baker Hughes.

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North Dakota and Texas are top producers of oil.
October 24, 2014- Industry News

Bakken and Eagle Ford ramp up oil production

The Bakken and Eagle Ford shale deposits produced 2.1 percent more oil in September than the previous month, according to Bentek Energy data in the Oil & Gas Financial Journal.

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Reducing flaring can create more supply for customers.
October 23, 2014- Equipment News - Health & Safety News - Industry News - Product Innovations - Product Trends

North Dakota to flare less

North Dakota has made a commitment to lower its level of natural gas flaring to 15 percent by 2016, according to the U.S. Energy Information Administration.

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Colorado stands to gain a lot from better natural gas transport capabilities.
October 22, 2014- Equipment News - Industry News - Product Trends

Denver pipeline in the works

A 34-mile pipeline stretching from Fort Lupton, Colorado, to north Denver is now under construction with the purpose of carrying natural gas to Xcel Energy Inc.’s refining station, according to the Denver Business Journal.

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Prices in the Northeast are lower than those in the South.
October 21, 2014- Industry News - Product Trends

Marcellus shale production prompting shifts in natural gas prices

Increased production from the Marcellus shale formation has altered the economic landscape of the natural gas industry in recent years.

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