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U.S. Shale Operations Cushioning ‘Iraq Effect’ on Oil Prices

By Oilprice.com The rise in crude oil extraction from shale in the United States has been lessening the effect of the fighting in Iraq on the price of oil, according to some oil analysts. And a recent report by Barclays says this isn’t just a coincidence. The increased application of methods such as hydraulic fracturing

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Energy Transfer Partners to build pipeline for Utica, Marcellus shale gas

Energy Transfer Partners Announces Pipeline Project Connecting Marcellus and Utica Shale Supplies to Multiple Markets Significant long-term binding shipper commitments secured to support the pipeline Open Season Launched to Finalize Project Scope DALLAS–(BUSINESS WIRE)–Jun. 26, 2014– Energy Transfer Partners, L.P. (NYSE: ETP) today announced that its Board of Directors has approved building a pipeline to transport natural

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Shell Creates Motor Oil From Natural Gas

New PurePlus™ Technology results in base oils developed using 40 years of Shell natural-gas-to-liquids innovation. Shell announced today the creation of the first-of-its kind base oil made from natural gas, the cleanest burning fossil fuel. It is called Shell PurePlus(TM) Technology, a patented process of converting natural gas into a clear base oil, which is

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North Dakota’s economy booming

By Daniel J. Graeber BISMARCK, N.D., June 12 (UPI) –The economy in North Dakota, the state at the heart of the U.S. oil boom, is growing faster than all other states, Gov. Jack Dalrymple said. For the fourth year in a row, the gross domestic product in the state increased 9.7 percent to top all

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Utica and Marcellus shale: Report shows drillers plan to be busy in southeastern Ohio

by Kristy Foster Seachrist SALEM, Ohio — Permits for horizontal drilling in the Utica shale are beginning to pinpoint where the sweet spot in the Utica shale may be located. Noble County Of the new drilling permits issued in May by the Ohio Department of Natural Resources, 17 permits were issued in Noble County. The

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