API study shows that most shares in US oil and gas companies purchased with eye toward retirement.
The largest natural gas-producing region in the U.S. just keeps getting bigger. By 2018, Marcellus production may reach 20 Bcf/d. With recent “monster-well” announcements by Magnum Hunter Resources and Shell, analysts predict the Utica could be even larger than the Marcellus. Operators are spending $18 billion in 2014 CAPEX to accommodate Northeast shale production growth.
The Marcellus-Utica Midstream Conference and Exhibition puts you at the center of the action. Hear directly from top midstream analysts and executives, including the latest production estimates from the Marcellus and Utica shales, and learn about major midstream projects in the works. Secure your seat today!
TransCanada’s work on multibillion dollar Energy East Pipeline halted by breeding belugas.
S&P said that while the outlook for the midstream is stable, U.S. crude oil production growth is set to overtake demand and could cause problems unless exports are allowed.
NGL prices took a large downturn as they followed the downward trajectory of West Texas Intermediate (WTI) crude prices, which fell to their lowest levels in several years just above $80 per barrel (/bbl).
The Marcellus and Utica shales represent an opportunity and not a guarantee for Pennsylvania, Ohio and West Virginia to remake their economies by rebuilding their manufacturing and petrochemical industries, but only if they work together.