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Tag Archives: natural gas liquids

Landowners win case against Bluegrass Pipeline

FRANKFORT, Ky. (AP) — Landowners who had opposed efforts to put a natural gas pipeline across 13 counties have been victorious in the Kentucky Supreme Court. The court decided Thursday not to review a May 2015 ruling from the Kentucky Court of Appeals that said Bluegrass Pipeline LLC did not have the power of eminent domain because it was not ...

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Gulfport Energy to voluntarily curtail Utica Shale production into early 2016

Gulfport Energy Corp., one of the major drillers in Ohio’s Utica Shale, is voluntarily cutting back on production. The company intends to scale back production in eastern Ohio by 100 million cubic feet per day or about 15 percent. The changes began Sunday and will likely continue into early 2016, company officials announced Thursday. The cutback was triggered by continuing ...

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Study suggests increase of gas severance tax

The West Virginia Center on Budget and Policy has released a study suggesting that raising the state’s severance tax on natural gas liquids could increase revenue and help West Virginia profit from the use of the liquids in state. The study, which was released by the center on Wednesday, lays out a plan to increase the gas severance tax from ...

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Engineering unique power solutions in the oilfields

Amidst the current market climate, fluctuating prices and calls for reduced emissions, oil and gas operators and regulators alike are searching for solutions to increase efficiency, reduce costs and minimize waste. When it comes to operating in isolated regions of the North American oilfields where there is no access to an existing power grid or where fuel shipments to the ...

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Hess willing to take extra precautions on proposed pipelines

WILLISTON, N.D. — Hess Corp. says it’s willing to do more inspections than required on proposed pipelines that would pass under Lake Sakakawea in northwestern North Dakota. Hess North Dakota Pipelines LLC wants to build a crude oil pipeline and a natural gas liquids pipeline in McKenzie and Williams counties. Officials say they would connect Bakken production fields south of ...

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Lessons for U.S. oil production from the gas industry: Kemp

John Kemp is a Reuters market analyst. The views expressed are his own. NEW YORK – The United States produced a record 25.7 trillion cubic feet of natural gas in 2014 according to preliminary estimates published by the Energy Information Administration (EIA) on Feb 27. Gas production has risen 27 percent since 2008 even though the number of rigs employed ...

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Encana cuts budget after 85 pct fall in operating profit

Encana Corp, Canada’s largest natural gas producer, slashed its capital budget by a quarter for the year due to a slump in global crude oil prices. The company had been for the past several quarters directing its funds to boost oil production to reduce exposure to natural gas volatility. Encana posted an 84.5 percent drop in fourth-quarter operating profit as ...

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Natural gas liquids not as shiny as they once were

Wet gas is a uniquely southwestern Marcellus Shale problem. Until recently, it was a uniquely southwestern Marcellus advantage, but then natural gas liquids began losing value and the cost to separate them from dry gas, or methane, began to obscure their promise. At least that’s how EQT Corp.’s CEO David Porges explained it during a company earnings call last month. ...

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Sinking oil prices also hitting the market for natural gas liquids

Plummeting oil prices have not just been hitting oil drillers. They’re also hitting the market for natural gas liquids. The market for ethane, which makes up the largest portion of natural gas liquids production, is oversupplied. In addition, ethane, a feedstock used by the petrochemical industry, is facing stiffer competition from naphtha, a petroleum byproduct, which is cheaper due to ...

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