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The Eagle Ford Output Forecasted to Exceed $137 Billion by 2023
A recent study conducted by the University of Texas San Antonio (UTSA) found that in 2013, oil and gas production from the Eagle Ford shale play in South Texas supported 155,000 jobs and generated approximately $87 billion in state economic output. In 2008, oil and...
Smaller Shale Plays Turning Heads Across the U.S.
With booming shale formations such as Bakken, Eagle Ford, Barnett, Marcellus, and Utica getting most of the attention when it comes to domestic oil and gas production these days (and rightfully so), little has been heard about some of the smaller plays emerging across...
The Encouraging Economic Future of Deepwater E&P Activities
Despite facing political and regulatory challenges, the outlook for deepwater exploration and production looks promising as production from onshore and shallow-water basins slows. Between 2014 and 2018, global deepwater expenditure is forecasted to increase by nearly...
Gas Processing Operations Booming in Northeast
Largely due to the continued exploitation of the rich Marcellus and Utica shale formations, the Energy Information Administration (EIA) estimates that by the end of 2016, wet gas production in the Northeast U.S. could reach as high as 5 billion cubic feet per day...
New Pipeline Projects Creating Significant Job Opportunities for Skilled Laborers
As oil and gas production figures from U.S. shale plays continue their record-breaking climb, the need for more pipeline capacity is becoming increasingly prominent. According to the Association of Oil Pipelines (AOPL), over $45 billion will be invested in midstream...
Recompression Technologies Will Play a Pivotal Role in the Future of Oil and Gas Transportation
Though in recent years rail has become an increasingly popular method of transporting gas from oilfields and processing facilities to the market, pipelines still remain the most commonly used transmission option amongst producers. On average, over 15,000 miles of...
New Study Shows Lifting Crude Export Ban Would Benefit U.S. Economy
A recent study conducted by the Brookings Institution – a non-profit organization devoted to independent research and innovative policy solutions – found that lifting the current ban on the export of crude oil could add between $600 billion and $1.8 trillion to the...
LNG Industry Primed for Growth in East Africa
A recent study released by PricewaterhouseCoopers (PwC) stated that in 2013, six of the top ten oil and gas discoveries in the world were in Africa. Regions off the eastern coast of the continent, in particular, have generated a great deal of interest in recent...