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U.S. approves Lake Charles LNG Terminal

lake charles louisiana lng terminal

WASHINGTON Aug 7 (Reuters) – The Obama administration on Wednesday approved natural gas exports from a third U.S. facility as the government works through a long backlog of projects seeking permission to send gas abroad. The export terminal in Lake Charles, Louisiana, secured a conditional license from the Department of Energy to ship liquefied natural gas to all countries. The ...

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Natural gas not the best option for everyone

Natural Gas

In a state that “flares,” or burns off, 29 percent of the gas it produces as it comes out of the ground, about 91 communities can use natural gas to heat their homes but it’s not an option for everyone. “It’s not as easy as flipping a switch,” said MDU Resources spokesman Rick Matteson. Installing natural gas in a community ...

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Small Shale Companies Outperforming Big Oil

EOG Resources

Oil explorers focused on high-margin shale drilling from Texas to North Dakota are set to outperform Big Oil this year. EOG Resources Inc. (EOG), Pioneer Natural Resources Co. (PXD) and Continental Resources Inc. are poised to reap bigger returns for investors than energy titans 15 times their market values as they devote almost all their drilling capital to higher-margin, domestic ...

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Xcel Energy plans to grow wind power by 30 percent

Xcel Energy

MINNEAPOLIS, July 30, 2013 /PRNewswire/ — Xcel Energy, already the country’s top wind energy provider, proposes to significantly expand its wind power production to reduce customer costs, protect against rising and volatile fuel prices, and benefit the environment. The move is made possible by extremely competitive prices and the extended federal Production Tax Credit. (Photo: http://photos.prnewswire.com/prnh/20130730/LA55514-INFO) (Logo: http://photos.prnewswire.com/prnh/20130312/LA75651LOGO) “Wind energy is ...

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1 Company Upping Its Bet on the Bakken

As the old saying goes, “you need to spend money to make money.” Bakken-focused Kodiak Oil & Gas (NYSE: KOG  ) is taking that saying to heart by making a very big bet on the Bakken this year. In fact, when you consider that the company’s entire enterprise value isn’t much more than $4 billion, what I’m about to tell you will seem ...

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To bolster energy grid, states weigh compact

Kansas wind energy compact

Kansas is undoubtedly a windy state, but it is not yet the “Saudi Arabia of Wind” that Republican Gov. Sam Brownback wants it to be. Kansas has more wind energy potential than any state except Texas, but eight states generate more total megawatts of wind power — even as Brownback and his legislature have taken steps to boost Kansas’s wind ...

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