Luber-finer Shale Oil and Gas Attack-A-Market™ Newsletter

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NOTE: This Shale Oil and Gas Newsletter from Luber-finer is a quick read on the shale oil and gas market as it pertains to opportunities or “need to know” news related to Luber-finer products. If you have news to share, please send an email (with a link) to Darren Wight at dwight@deanhouston.com. To Clean Up Dirty Coal, Obama Now Pushes Cleaner Shale Production

America’s newest, most expensive coal-fired power plant is hailed as one of the cleanest on the planet, thanks to government-backed technology that removes carbon dioxide and keeps it out of the atmosphere. But once the carbon is stripped away, it will be used to do something that is not so green at all. It will extract oil. When President Barack Obama first endorsed this carbon-capture technology, the idea was that it would fight global warming by sparing the atmosphere from more greenhouse gasses. It makes coal plants cleaner by burying deep underground the carbon dioxide that is typically pumped out of smokestacks. But that green vision proved too expensive and too complicated. So, the administration accepted a trade-off. The government allows the power companies to sell off the carbon dioxide to oil companies, which pump it into old oil fields to force more oil to the surface. A side benefit is that the carbon gets permanently stuck underground.

Full story: http://bit.ly/1kAuCSS SOURCE: RigZone.com

Complexity Of Newest Well Pad Operations Adds More Services

Water recycling represents a major opportunity for firms that provide equipment and services to the shale oil & gas industry, according to Johan Pfeiffer, FMC Technologies Inc. Vice President for Surface Technologies. The opportunity may be greater outside the U.S. where the cost of water disposal is even higher due to geographical and regulatory pressures. Speaking about the shale gas industry from an oilfield services point of view, Pfeiffer noted, the operators in North America are trying to get as much production as possible out of the well pad. In order to do this, they use increasing complexity in the well systems that provides an opportunity for service providers. Today, it is not unusual to see well pads in which well operators have drilled 20-plus wells while fracking can take place at dozens of different stages of the well. This approach is driving the complexity of the individual well pads. So, when you consider all of those additional activities going on within a single well, it is easy to understand that there are more demands for independent services taking place. More wells being drilled equals more complexity.

Full story: http://bit.ly/1bmYfPN SOURCE: RigZone.com

To Clean Up Coal, Obama Now Pushes Oil Production; Complexity Of Well Pad Operations Add More Services

Volume 2, Issue No. 1 | January 2014

Upcoming Industry Events 2014

European Shale Gas Summit Bruges Belgium – Jan. 28-29

ASNE Energy Forum Live – Oil & Gas San Diego, CA – March 17-19 NAPE Expo Pittsburgh, PA – April 9-11 Complete list at www.luberfinerenergy.com

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Luber-finer Shale Oil and Gas Attack-A-Market™ Newsletter

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Oil Industry Growth Will Mean Adding More Jobs To Markets

As Washington, D.C. battles it out over the country’s prolonged economic crisis, the oil and gas industry continues to be the one success story of the past few years. While other industries have struggled to regain a foothold after the debacle of 2008, oil and natural gas production has increased 25 percent in the past five years. Don’t forget, this was all taking shape as experts were predicting that the United States was running out of fossil fuels.

Full story: http://bit.ly/1a61kDT SOURCE: WellServiceMag.com Wembley Frac Sand Storage Unit Will Be Canada’s Largest Facility

Source Energy Services Canada LP announced the initiation of operations and the completion of the first phase of its transloading terminal facility in Wembley, Alberta. Source Energy Services has started to transload frac sand from the facility while completing construction of a major frac sand storage terminal. When completed in the first quarter of 2014, the SES Wembley terminal will be the largest frac sand storage and distribution facility in Canada.

Full story: http://bit.ly/JaZsmX SOURCE: ogpn.baumpub.com U.S. Drilling Rig Count Is Down For Inland Rigs in December

The U.S. drilling rig count relinquished 14 units to settle at 1,768 rigs working during the week ended Dec. 20, said Baker Hughs. A decline of 16 units in land rigs to 1,687 was nicked by a 2-unit increase in offshore rigs to 61. Rigs drilling in inland waters were unchanged from a week ago at 20. Oil rigs were also down 16 units, settling at 1,395. Gas rigs collected 3 more units to reach 372.

Full story: http://bit.ly/1c3zfjK SOURCE: Ogi.com

Frac Effectiveness And Stability Emerge In New Resource Plays

The objective in creating hydraulic fractures is to provide durable, highly conductive flow paths that remain effective throughout the extent of production over decades. However, a growing body of evidence demonstrates that a number of mechanisms can cause fractures to lose effectiveness over time.

Full story: http://bit.ly/1clHU29 SOURCE: Aogr.com South Texas Going To Get New Fractionator For Eagle Ford Play

Plains All American Pipeline LP Houston, will build new NGL fractionation and expand existing condensate stabilization in the Eagle Ford play of South Texas, the company has announced. The 15,000-b/d fractionator, expanded condensate stabilization, and enhanced related infrastructure will cost about $120 million and come into service in second-quarter 2015.

Full story: http://bit.ly/19bRT5G SOURCE: Ogj.com New Utica, Marcellious Capacity Demands More Gulf Coast Growth

Production in the Utica and Marcellus shales is prompting more NGL handling and fractionation capacity on the Texas Gulf Coast. Kinder Morgan Energy Partners LP and Targa Resources Partners LP announced a joint venture to serve producers in the Utica and Marcellus shales in Ohio, West Virginia, and Pennsylvania. To allow producers and shippers additional time to assess their Gulf Coast needs, Kinder Morgan and Targa are extending a binding open season already under way for the Utica Marcellus Texas Pipeline (UMTP).

Full story: http://bit.ly/1jF49Wt SOURCE: ogj.com

Mexico Approves Surprise Move, Opens Doors For Foreign Drilling

Mexico's federal congress has certified that 24 of the country's 31 state legislatures have approved sweeping energy reforms that allow private companies to explore for and produce oil and gas. That is far above the 17 state approvals required to pass constitutional changes. A congressional commission has sent the bill to President Enrique Pena Nieto, who has said he will sign it into law as soon as possible.

Full story: http://bit.ly/18JIBTJ SOURCE: ChemInfo.com ConocoPhillips Ups Spending in 2014, Rosetta To Go To $735M

The Eagle Ford Shale rig count has underwent tremendous change, but managed to hold steady at 267 running through the end of December. Rosetta Resources announced that it will spend approximately two-thirds of its $1.1 billion budget in 2014 in the Eagle Ford. The company will spend $735 million running 4-5 rigs, with plans to drill and complete 90-95 gross wells.

Full story: http://bit.ly/1bowDd2 SOURCE: EagleFordShale.com Marathon Ups Latest Prediction To 1 Billion Barrels For 2014

The Eagle Ford Shale rig count recently increased two rigs to 267 running through the end of December. Marathon Oil held its analyst day and released an updated resource estimate for the company’s Eagle Ford properties. Initially, the company thought it would recover 469 million boe in the region and now expects that number is going to be much greater than 1 billion boe.

Full story: http://bit.ly/JnYT8E SOURCE: EagleFordShale.com