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Author Archives: John Deede

By John Deede | Google+ John Deede is a Web Content Manager for Shale Plays Media living in Fargo, ND. He studied at the University of St. Thomas in St. Paul, MN, earning a degree in Business Administration/Marketing Management. His interests include cooking, traveling, permaculture, politics, and economics. In his free time John enjoys skiing, longboarding, playing guitar, painting, and spending time with friends.

European court rules Russia must pay Yukos shareholders 1.9 billion euros

Megan Davies, Vladimir Soldatkin, and Gilbert Reilhac | Reuters  MOSCOW/STRASBOURG – Europe’s top human rights court awarded shareholders in Yukos 1.9 billion euros ($2.6 billion) in damages on Thursday, a new blow to Russia days after some of the former oil company’s shareholders won $50 billion in The Hague. The Strasbourg-based court found that Russia had failed to “strike a ...

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ConocoPhillips second-quarter profit slightly higher; output rises

Anna Driver | Reuters ConocoPhillips, the largest U.S. independent oil and gas company, on Thursday reported a quarterly profit that just beat Wall Street expectations, helped by an increase in oil and gas production. Income in the second quarter totaled $2.08 billion, or $1.67 per share, compared with $2.05 billion, or $1.65 per share in the year-ago period. Excluding one-time ...

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Govt fails to vet chemical plants with terror risk

Hope Yen | The Associated Press WASHINGTON — The government has failed to inspect virtually all of the chemical facilities that it considers to be at a higher risk for a terror attack and has underestimated the threat to densely populated cities, congressional investigators say. The year-long investigation by Republican staff on the Senate Homeland Security Committee paints a picture ...

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Texas counties unable to afford Eagle Ford road maintenance

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John Deede | Shale Plays Media Google+ As the amount of oilfield traffic has increased on county roads around the state, local governments are finding that they are unable to cope with the needed road maintenance costs. Despite the state collecting millions in royalties from the shale boom, counties are finding themselves left holding the bag for road repairs. Barry Davis from ...

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Small-town residents brace for environmental battle

Sara Sneath | The Victoria Advocate (Victoria, Texas) NORDHEIM — Two white signs with black lettering that read “Don’t dump on Nordheim” are stuck in a fence along Hohn Road in front of Kevin Styra’s home. In black magic marker, Styra added, “You might win this war, but we’ll win the eternal one,” on the corner of one sign. Directly across ...

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Not in my backyard: US sending dirty coal abroad

Dina Cappiello | The Associated Press NEWPORT NEWS, Va. (AP) — As the Obama administration weans the U.S. off dirty fuels blamed for global warming, energy companies have been sending more of America’s unwanted energy leftovers to other parts of the world where they could create even more pollution. This fossil fuel trade threatens to undermine President Barack Obama’s strategy ...

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Sapphire Energy algae farm produces “green crude” oil equivalent

John Deede | Shale Plays Media Google+ Sapphire Energy, Inc. has constructed a commercial-scale algae farm in New Mexico and has successfully converted algae into what it calls “green crude.” The 300-acre facility is mostly comprised of shallow pools of non-potable, salty water where the algae thrive in the desert sun. The company’s goal is to develop a method for converting algae biomass ...

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Industry continues to make case for lifting oil export ban

Mella McEwen | The Midland Reporter-Telegram (Midland, Texas) Permian Basin oil and gas operators continue making the case for ending the nation’s four decadelong ban on exporting domestic crude. They say decisions made over 40 years ago during an oil crisis have no place in today’s world of rising U.S. crude production, primarily from unconventional shale plays. During the annual shareholders’ ...

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Chinese firms plan methanol facility in Texas

Adelina Zhang | The Asia News Network (Hamburg, Germany) NEW YORK (China Daily/ANN) — Chinese firms are looking into building a $4.5 billion methanol production and deep-port export facility near Texas City, Texas. If completed, it would be one of the largest plants of its kind in the world. Fund Connell USA Energy and Chemical Investment Corp, an arm of ...

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Oil-field services firm, owner file Chapter 7

Patrick Danner | The  San Antonio Express-News SAN ANTONIO — A San Antonio oil-field services company accused in a lawsuit of participating in a “massive fraud” against Houston oil and gas company Apache Corp. has filed for bankruptcy liquidation. Stag Energy Services LLC filed for Chapter 7 earlier this month, listing a little more than $1 million in assets and nearly ...

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