Rail, frac sand provider expanding in Marcellus shale

Shale Rail released plans to add an additional new track.

The Wysox location has the capacity to transload over 80,000 tons per month of frac sand.



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Source: northamericanshalemagazine.com

Natural gas rates go up in November

Natural gas prices will go up next month under new rates.

The PUC approved an overall increase of $5.3 million, or 8.5%.



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Source: bendbulletin.com

Texas income tax question on the ballot

Texans are now voting on 10 amendments to the state constitution.

Proposition #4  deals with a state income tax.

Proposition #7 pertains to the permanent school fund, which invests revenue from state-owned lands — such as leasing mineral rights to oil and gas companies.



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Source: KTEN.com

Tanker attack gives oil prices a boost. Here’s why it’s unlikely to last

London (CNN Business)Reports of another attack on oil supply in the Middle East pushed prices higher early on Friday.

The report immediately lifted Brent crude oil prices by 2% to above $60 a barrel.



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Source: CNN Business



BLM chief: Banning oil and gas is ‘absolutely insane’

Bureau of Land Management acting chief William Perry Pendley today slammed calls by some Democratic presidential contenders to ban oil and gas leasing on federal lands.

“A tremendous amount of the energy we use every day, whether it’s gasoline or natural gas or oil, comes from federal lands. So much of the oil and gas comes from public lands,”



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Source: eenews.net

Texas, North Dakota, And New Mexico Leading the U.S. Shale Oil Revolution

It was Texas, North Dakota, and New Mexico that saved us from a crude price spike a few weeks ago.

U.S. crude oil production will steadily rise from 13.1 million b/d in 2020 to 14.2 million b/d by 2035.



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Source: Forbes.com

USGS estimates huge jump in Marcellus, Utica gas

The Marcellus and Point Pleasant-Utica Shale plays in the Appalachian Basin contain an estimated mean of 214 trillion cubic feet of undiscovered.

“Watching our estimates for the Marcellus rise from 2 trillion, to 84 trillion, to 97 trillion in under 20 years demonstrates the effects American ingenuity and new technology can have,” said USGS director Jim Reilly.



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Source: kallanishenergy.com

Occidental closes $3.9B deal, reveals how much it’s divested since acquiring Anadarko

Houston-based Occidental Petroleum Corp. (NYSE: OXY) has been planning to sell $10 billion to $15 billion worth of assets since inking a deal to acquire The Woodlands-based Anadarko Petroleum Corp. earlier this year.

The $55 billion acquisition, including the assumption of debt, closed Aug. 8, and Occidental provided an update on its divestiture and deleveraging efforts on Sept. 30.



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Source: bizjournals.com

The U.S. Department Of Energy Says More Oil, More Natural Gas

What’s past is prologue: more oil, more natural gas. No kidding. These two essential fuels supply nearly 65% of the energy used in the U.S. and global economies.

Given that economic and population expansion are the primary indicators of more energy demand, global energy demand is set to boom 45% by 2050.



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Source: Forbes.com


CEOs of Exxon, Occidental, Chevron, Others Respond to Oil and Gas Climate Initiative

Executives from the largest oil and gas companies in the world offered their takes on climate change, methane flares, and why they need natural gas.

One of the opening events of Climate Week in New York offered a rare sight — nine bosses of some of the world’s largest oil and gas companies in one room.



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Source: industryweek.com