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Tag Archives: Bentek Energy

Cove Point terminal on schedule to help relieve gas glut

Oil Exports

Shale gas producers squeezed by prices that hit new three-year lows this week can look to the sky above Lusby, Md., for a sign of coming relief. Dominion soon expects to have 50 cranes working there on its Cove Point liquefied natural gas export terminal, the company’s senior policy adviser for federal affairs, Bruce McKay, told industry leaders Wednesday in ...

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2015: The year of Natural Gas?

It’s been a rough year for coal. Having struggled through lost revenue, mine closures, job cuts and multiple companies filing for bankruptcy, coal production appears to be a fleeting industry. “You can see it across the industry,” said Kristoffer Inton, a coal industry investment analyst. “Neither the domestic situation nor the international situation looks good for coal.” Enter natural gas. ...

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Bakken, Eagle Ford output continues rise despite prices

Oil prices have continued on a downward slide, but production in the Bakken and Eagle Ford Shale formations increased slightly between June and July, reports the Houston Chronicle. According to Bentek Energy, an energy market analytics company, oil production in North Dakota’s Bakken continued to pump over 1.2 million barrels per day in July, up by about 500 daily barrels ...

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In Northeast Pa., gas and power march together

Eight years ago, Jim Adams closely followed plans to upgrade liquefied natural gas terminals, searching for a source of imported gas that would fuel his company’s power plants. “Was it coming from Nigeria? Where was it going to come from?” he said. “Then the world changed.” Enormous gas production driven by horizontal drilling and hydraulic fracturing in the Marcellus Shale ...

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Bakken & Eagle Ford production up overall, flat in April

Oil production from major shale plays in North Dakota and Texas were flat in April compared to March, according to Bentek Energy, an analytics and forecasting branch of Platts, a leading provider of energy, petrochemicals, metals and agriculture information. As reported by PennEnergy, production in North Dakota’s Bakken shale only increased about 2,000 barrels per day (b/d) in the month ...

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US oil output is falling! Or maybe not

NEW YORK – The immediate outlook for U.S. oil production has rarely been more important for the financial world, with traders scrutinizing every scrap of data for signs of a sustained pull-back in output. It has also rarely been harder to predict. Until late last year, a handful of energy analytics firms had honed the art of real-time oil production ...

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Another victim of the price drop: Texas renewable energy

renewable energy

When the West Texas wind blows, 96 turbines at the Notrees Windpower farm churn to produce electricity that at full capacity can power up to 46,000 homes. That shows no signs of stopping, even though lately the plant faces dropping electricity prices. The same price drop that pummeled oil and gas activity also threatens investments in future renewable energy projects, ...

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Price drop to curb boom

barrel

The oil price plummet has yet to settle, but already it should be enough to reduce industry activity and curb growth of the local economy, according to oil and gas experts and economists who study the region. The national benchmark price, the West Texas Intermediate, closed at $63.25 per barrel on Tuesday. That’s up from the low of about $62.50 ...

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