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Opinion: The Dark Side Of The Shale Bust

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The fallout of the collapse in oil prices has a lot of side effects apart from the decline of rig counts and oil flows. But the bust is leaving towns like Williston, North Dakota stretched extremely thin as it tries to deal with the aftermath. By Nick Cunningham of Oilprice.com.

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USGS to update Bakken Formation oil assessment based on new geological information; potential for greater recovery

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The US Geological Survey will update its 2008 estimate of undiscovered, technically recoverable oil and gas in the US portion of the Bakken Formation, an important domestic petroleum resource located in North Dakota and Montana. — Secretary of the Interior Ken Salazar. Source: USGS. Click to enlarge. billion barrels.

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Record $86B in 2011 US oil and gas upstream deals, led by unconventional sector with $62B

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United States M&A activity for upstream oil and gas deals set records in 2011 for both deal values and deal counts, according to PLS, Inc., a provider of information, marketing and advisory services for the oil and gas industry. We expect continued strong activity in oil and liquids-rich resource plays in 2012.

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Details on how Enbridge will expand capacity of Alberta Clipper oil sands crude pipeline without US review

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million barrels per day of crude oil and liquids. The Enbridge Mainline system is the largest conduit of oil into the United States. Enbridge transports 53% of US-bound Canadian production, a figure that accounts for approximately 15% of total US crude oil imports. miles (2.4

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Texas Clean Energy Project signs long-term CO2 offtake agreement with Whiting Petroleum for enhanced oil recovery; 90% CO2 capture from IGCC coal polygen plant

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In the Permian Basin, approximately one additional barrel of oil can be recovered for each 6,000 cubic feet (6 Mcf) of compressed CO 2 injected into the oil field. In oil fields such as Whiting’s, the injected CO 2 mixes with the oil that is left behind in the primary oil-well production and the secondary water-injection stage.

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Accelergy Begins Production of Synthetic Jet Fuel from Coal and Biomass; USAF to Evaluate for 100% Synthetic Fuel Use

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Accelergy Corporation has begun production of a synthetic fuel from coal and biomass, to be evaluated by the United States Air Force (USAF) as the industry benchmark for 100% synthetic jet fuel. Fuel deliveries to the Air Force Research Labs will commence in late 2010. Camelina oil. Groenewold, Director of the EERC.

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USDA Report Provides Regional Roadmap To Meeting the Biofuels Goals of the Renewable Fuels Standard by 2022; Southeast to Provide ~50% of Advanced Biofuels

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RFS2 becomes effective on 1 July 2010. The US farm sector is capable of producing a diverse complement of feedstocks to make the biofuels industry a truly national effort. The expectation for 2010 is for the United States will produce approximately 12.0 Soybean oil, Energy cane, Biomass Sorghum, Perennial grasses, Woody biomass.

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