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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.

El Paso 225
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Follow the sand to the real fracking boom

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When it takes up to four million pounds of sand to frack a single well, it’s no wonder that demand is outpacing supply and frack sand producers are becoming the biggest behind-the-scenes beneficiaries of the American oil and gas boom. The industry has gone from drilling four wells per square mile to up to 16 using shorter, wider fracs.

Oil-Sands 262
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US DOE awards KiOR loan guarantee supporting a more than $1B biofuels project; drop-in fuels from wood biomass

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a developer of a catalytic pyrolysis process to produce renewable oil from biomass, has received a term sheet for a loan guarantee from the US Department of Energy’s Loan Guarantee Program supporting a more than $1-billion biofuels project. KiOR, Inc.,

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Shell Oil replacing Ryder diesel trucks with with Ryder LNG trucks for operations in Louisiana and Texas

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Shell Oil Company has signed an agreement with Ryder System for 15 liquefied natural gas (LNG) heavy-duty vehicles supporting oil and gas logistics operations in Lafayette, La. Ryder Dedicated Transportation Solutions has more than 200 customers in the oil and gas sector. and Houston, Texas. service locations.

Louisiana 150
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USDA establishes four additional Biomass Crop Assistance Program project areas

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Acreage in Arkansas, Missouri, Ohio and Pennsylvania will be designated to grow giant miscanthus, a sterile hybrid warm-season grass that can be converted into energy to be used for heat, power, liquid biofuels, and bio-based products. A project area must have specific boundaries that are approved by the Secretary of Agriculture.

Missouri 186
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VIMS Collaborates with StatoilHydro on Algae Biofuel Project

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Other key partners are the Williamsburg energy advisory firm Blackrock Energy, the University of Maryland, the Smithsonian Institution, the University of Arkansas, and HydroMentia, a Florida company that works with water-treatment technologies. StatoilHydro has seeded the enterprise with an initial $3 million investment.

Mariner 186
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DOE awards $19M to 13 initiatives in fossil-fuel areas to produce rare earth elements and critical minerals

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Gulf Coast Basin (Alabama, Arkansas, Georgia, Louisiana, Mississippi and Texas): The University of Texas at Austin plans to quantify coal from mines and coal ash from power plant resources and refuse as feedstocks for rare earth elements and critical minerals within the US Gulf Coast Basin. DOE Funding: $1,204,129. DOE Funding: $1,499,817.