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Pembina buys pipeline to tap into Bakken shale production

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Reuters Pembina Pipeline Corp, which operates regional pipelines in western Canada, said on Tuesday it has agreed to pay $650 million to acquire Vantage pipeline system, which carries up to 40,000 barrels per day of natural gas liquids from North Dakota’s Bakken shale field to southern Alberta. Pembina is also buying Mistral Midstream Inc’s interest in a Saskatchewan ethane processing ...

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CP shipments are 5 months behind

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Mikkel Pates | Agweek WILTON, N.D. — Wilton (N.D.) Farmers Union Elevator Co. would like to be empty this time of year, but instead it is plugged with spring wheat. In a desperate cry for help, the board sent a letter to a catch-all of North Dakota officials and the news media on Aug. 25. They say they’re waiting on ...

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Why the shale revolution is not about to end

A pumpjack drills for oil in the Monterey Shale, California, April 29, 2013. REUTERS/Lucy Nicholson

John Kemp LONDON (Reuters) – Doubts about the sustainability of the North American oil and gas boom center on rapidly declining output from many shale wells after they are initially drilled. Shale skeptics point to the need to drill an ever-increasing number of new holes just to replace the declining output from existing wells, let alone expand production. At some ...

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Study examines economic impact of oil and gas activity

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Mella McEwen | Midland Reporter-Telegram (Midland, Texas) Wanting to determine just how much of an impact the revival of the nation’s oil and gas industry was having, The Perryman Group undertook a study as a public service. What the firm, lefound, was that the revival is having significant, widespread effects nationwide. According to a new study just issued by the firm, ...

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Leaked U.N. climate report: 75 percent of reserves must stay in the ground

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Zachary Toliver | Shale Plays Media The crushing consequences of climate change are already among us and will become, most likely, irreversible as we continue to burn fossil fuels. This is the message from a U.N. document which was leaked to the public earlier this week. According to the U.N. draft report, the penalties of climate change will be “severe, ...

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Fracking approaches final hurdle in Illinois

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Julie Wernau | Chicago Tribune Rules that will clear the way for massive oil and gas “fracking” operations to drill in Illinois have been submitted to an Illinois legislative committee for final approval. The Illinois Department of Natural Resources, which has been charged with structuring a law passed more than a year ago that seeks to regulate the practice more ...

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Fracking may endanger groundwater in California

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David R. Baker |  San Francisco Chronicle Fracking for oil in California happens at shallower depths than previously realized and could pose a risk to precious groundwater supplies, according to a federally commissioned report released Thursday. The report found that half of the oil wells fracked in the state lie within 2,000 feet of the surface, close to aquifers. Hydraulic ...

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Exclusive: Morgan Stanley plans natural gas export plant in new commodities foray

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NEW YORK (Reuters) – Morgan Stanley has quietly filed plans to build and run one of the first U.S. compressed natural gas export facilities, the first sign the bank is plunging back into physical commodity markets even as it sells its physical oil business. In a 23-page application to the U.S. Department of Energy’s Office of Fossil Energy submitted in ...

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