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Gulf of Mexico Oil Lease Sale Set for March of 2015
Earlier this month, the Bureau of Ocean Energy Management (BOEM) announced that in March, the U.S. federal government will hold a lease sale to offer up more than 40 million acres in the Gulf of Mexico (GoM) for oil and gas exploration. All together, the sale will...
New Rail Shipping Safety Regulations Making Waves in North Dakota
Due in large part to a number of major rail oil shipment accidents over the last two years - including the highly publicized derailment in Lac Megantic, Quebec last July that left 47 dead - North Dakota’s Industrial Commission has proposed new regulations that would...
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...