In The News

Tuesday, 07/30/2013

(ICIS - July 24, 2013) FocusUS refiners lose advantage of large Brent, WTI spread (by Al Greenwood)

HOUSTON (ICIS)--US refiners, mainly in the Midwest, have lost the advantage of the wide double-digit spread between Brent and West Texas Intermediate (WTI), which allowed them to benefit from large profit margins.

WTI prices were depressed because much of the oil was stranded in the interior of the US, away from refineries along the nation's coasts, said Phil Flynn, senior market analyst for the...

Wednesday, 07/17/2013

(Marcellus Drilling News - July 16, 2013) Pipeline to be reversed to serve mystery Utica shale producer (by Bob Downing)

What a difference a year makes. Last August, RBN Energy President Rusty Braziel said the Rockies Express Pipeline (REX), which originates in Rio Blanco County, Colorado and sends gas to Monroe County, Ohio, was in danger of drying up because there’s so much shale gas coming from the Marcellus. His prescription? Turn it around and send gas the other way (see...

Friday, 06/14/2013

(Chicago Tribune - June 14, 2013) Surge in U.S. oil-by-rail suffers first slowdown as spreads slim (by Jonathan Leff and Nia Williams, Reuters),0,5678635.story

NEW YORK/CALGARY (Reuters) - Oil traders are gently tapping the brakes on the thriving business of shipping U.S. and Canadian crude oil by rail, industry data showed this week, the first...

Friday, 06/14/2013

(Platts Gas Daily – June 11, 2013) Production seen flat or rising this year and next

Rig counts are hovering near 14-year lows. Wellhead prices are having a hard time holding above $4/MMBtu. And traditional gas drillers are increasingly shifting toward basins rich in oil and liquids.

Yet many analysts see overall dry gas production levels holding steady this year and next, perhaps even rising modestly, driven by a confluenceof factors both upstream and midstream, according to a Platts analysis.

Among those...

Friday, 05/31/2013

(Midstream Business – May 2013) Fractionation Projects Abound (By Jennifer Postel)

As natural gas liquid (NGL) production in the Northeast ramps up, the Texas Gulf Coast—thanks to the Mont Belvieu hub—still remains the king of the gas liquids market.

The U.S. Gulf Coast remains dominant in the race for fractionation capacity, even with natural gas liquid (NGL) production increasing in the Northeast. As NGL production intensifies, a host of new...