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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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Arsenal Energy Inc. Announces North Dakota Well Results

arsenal energy

CALGARY, ALBERTA–(Marketwired – Jul 17, 2013) – Arsenal Energy Inc. (“Arsenal“) (AEI.TO) (AEYIF) is pleased to announce the successful drilling and completion of two Bakken wells at Stanley, North Dakota. Both wells were fracture stimulated over the two mile horizontal wellbore section. The John Paul 11-2H produced 1,442 bbl oil during a 24 hour test period at a flowing pressure ...

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ND oil boom to continue for a few more decades

nd oil boom

MEDORA, N.D. — Another report is out dissecting the possible long-term projections and implications of the Bakken energy play to western North Dakota and the findings are more of the same. North Dakota’s oil boom is here to stay — probably for a few more decades. Detailing a report entitled “Williston Basin 2012: Projections of Future Employment and Population,” North ...

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Motion and Flow Control Products Expands into the Bakken With the Acquisition

motion control and flow products

DENVER — Motion and Flow Control Products, Inc. (MFCP), a leading distributor of fluid connectors, fluid power equipment, instrumentation products and seals, announced it has acquired the assets of MD Hose and Fittings LLC of Sidney, Montana. The acquisition gives MFCP its first location in the Bakken Oil Field, a 200,000-square-mile shale formation which stretches through swaths of North Dakota ...

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3 Attractive Bakken Plays

oil and money in the bakken

Bret Jensen July 24, 2013 As West Texas Intermediate oil prices continue their upward march to $110 a barrel, its seems appropriate to look at some energy plays that should continue to benefit from higher oil prices as well as increasing production levels. Today let’s focus on some fast growing E & P concerns in the Bakken shale region which ...

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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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