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Chu: Shale gas can free nation
Pittsburgh Tribune-Review
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The Secretary of Energy believes that tapping the natural gas resources of the Marcellus shale can help steer the country toward energy independence, and ongoing government research could help tap it safely, he said during a visit to the Pittsburgh region. "(Natural gas production) can create wealth, but it also has the potential for doing bad things to the environment," said Secretary Steven Chu.
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API economist sees prospective federal regulatory avalanche
Oil & Gas Journal
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Growing interest in oil and gas activities by more federal departments and agencies potentially could stifle development of ample U.S. resources, American Petroleum Institute Chief Economist John C. Felmy warned. "Eight federal agencies in all are looking at hydraulic fracturing alone, some with no timelines," he told reporters during a Feb. 8 teleconference.
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More players join shale party
Houston Chronicle
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Pipelines and foreign corporations spurred a surge in the value of mergers and acquisitions in the oil and gas industry in 2011, marking a new phase in the burgeoning U.S. shale boom, according to a report released. Oil and gas companies spent $259 billion buying up other businesses during the year, a 14 percent jump over 2010, research firm Deloitte reported. Though deals largely have been driven by grabs at land for producing oil and natural gas, 2011 saw growing interest in transporting the fuels to markets, said Roger Ihne, principal energy portfolio leader for Deloitte.
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Newt Gingrich to Canada: Forget China, bank on Republicans
Politico
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Newt Gingrich has a promise for Canadian Prime Minister Stephen Harper: If you wait for the U.S. elections, Republicans will come through for you on the Keystone XL pipeline. "My message to Prime Minister Harper: 'You do not need a partnership with the Chinese,'" Gingrich said during his turn in the Conservative Political Action Conference spotlight.
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Oil and gas boom lifts US economy
The Wall Street Journal (subscription)
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The staccato of nail guns echoes across a cavernous building here as workers piece together manufactured houses with easy-to-clean linoleum floors and rugged interiors for muddy oil-field workers. There is no oil and gas production in Idaho, but that doesn't mean the U.S. energy boom has bypassed this bedroom community west of Boise. Fleetwood Homes of Idaho, a subsidiary of Cavco Industries Inc., has increased production by 25 percent since last fall at its Nampa factory, hiring 40 workers and adding hours for employees.
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Shale, foreign investment drive energy M&A growth
Houston Business Journal
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Continued investment in shale plays, foreign buyers and private equity capital investment fueled 2011 growth in U.S. oil and gas mergers and acquisitions, according to an analysis of energy M&A activity by PricewaterhouseCoopers. Last year, there were 191 deals with values greater than $50 million, which added up to a total of $186.5 billion, a jump in total deal value from the $138.5 billion during 2010. Driven by 32 deals worth more than $1 billion, average deal size also increased to $977 million, a 38 percent increase from $706 million in 2010.
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North Dakota produced record 153 million barrels of oil in 2011
Grand Forks Herald
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North Dakota produced a record 152.9 million barrels of crude in 2011, up more than 35 percent from the previous record of 113 million set a year earlier, state officials said. The state is poised to best, within months, California and Alaska, which are the nation's third and second oil-producing states, respectively, behind Texas. Daily production was up to a record 534,000 barrels per day in December.
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Texans are baffled by the Keystone decision
The Wall Street Journal
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Canadian Prime Minister Stephen Harper was in Beijing recently signing an agreement and touting his country's growing energy partnership with China. It's good news for Canada, which is rightfully looking to grow markets for its sizeable oil reserves. And it's particularly good news for China, which needs to keep tapping into fresh supplies to feed its growing economy and mounting demand for oil. Unfortunately, it's bad news for Americans, particularly when you consider that one of the main reasons China has become such an attractive market to Canada was President Barack Obama's recent rejection of the Keystone XL Pipeline.
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US House panel passes bill requiring more studies of E15 impacts
Oil & Gas Journal
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The U.S. House Science, Space and Technology Committee approved legislation that would require the U.S. Environmental Protection Agency to further study possible impacts of increasing allowable ethanol levels in gasoline to 15 percent. HR 3199, which passed by 19-7, would make EPA work with the National Academy of Sciences to comprehensively assess scientific research on E15 before approving its introduction into the marketplace.
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QMC Hydraulic Cranes of Fountain Valley California continues to meet the growing demand of custom designed boom trucks for servicing pump jacks in the toughest of environments. The new 7060R model supports 40-ton lifting capacity and a 9000 pound payload capacity. This payload allows for the unit to be equipped with numerous tool boxes, air-compressor, welder and other items making it a self-contained field unit. MORE
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www.glb-energy.com
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Ohio governor says drilling, environment compatible
The Associated Press via The Oklahoman
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Gov. John Kasich says Ohio doesn't need to choose between a developing shale energy industry and a clean environment. In his State of the State address, Kasich told legislators he's committed to environmentally safe oil and natural gas development.The governor says major drillers are responsible and he won't allow an irresponsible "yahoo" to ruin the industry's reputation.
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API warns of possible EPA refinery regulatory 'tsunami'
Oil & Gas Journal
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Proposed U.S. Environmental Protection Agency regulations directed at refiners could put several US refiners out of business and place others at a significant disadvantage to overseas petroleum product manufacturers, American Petroleum Institute officials warned. "At the same time, data suggest that the environmental benefits would be modest," API Regulatory and Scientific Affairs Director Howard Feldman told reporters during a Feb. 10 teleconference. API spent much of 2011 opposing an out-of-cycle proposal that would have imposed more stringent ozone standards, and EPA subsequently withdrew, he said.
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Americans gaining energy independence with US as top producer
Bloomberg
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The U.S. is the closest it has been in almost 20 years to achieving energy self-sufficiency, a goal the nation has been pursuing since the 1973 Arab oil embargo triggered a recession and led to lines at gasoline stations. Domestic oil output is the highest in eight years. The U.S. is producing so much natural gas that, where the government warned four years ago of a critical need to boost imports, it now may approve an export terminal.
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CEO: Devon Energy says liquids now target in Barnett Shale play
Platts
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Independent exploration and production company Devon Energy, which pioneered the Barnett Shale natural gas play in North Texas, is now focused on liquids drilling there while still holding steady on gas production, its CEO said. The independent is producing from 4,600 locations in the Barnett, its largest asset at more than 600,000 net acres, CEO John Richels said during a presentation to the Credit Suisse Energy Summit in Vail, Colorado. His presentation was webcast.
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Anadarko CEO: Shale accounted for 10 percent of oil, gas output in 2011
Dow Jones Newswires via Fox Business
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Oil and gas from shale fields now account for 10 percent of Anadarko Petroleum Corp.'s production, up from 1 percent just a few years ago, Chief Executive Jim Hackett said. The Woodlands, Texas-based independent has operations in major shale fields such as South Texas's Eagleford shale, the Marcellus in the U.S. northeast, and the Haynesville shale in Louisiana.
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Risk and stealth paid off in Eagle Ford shale
Fuel Fix
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In one 15-minute meeting, the stage was set to transform land in La Salle County, Texas, that was known more for deer hunting and rattlesnakes into one of the best shale plays in the country. Sure, there had been successful wells drilled in the past, but by 2007, the area seemed played out. There were some decent natural gas wells, but also some dry holes. So when a landman approached Joe Martin III about leasing thousands of acres of his family's property to drill, he was delighted.
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Pennsylvania House passes Marcellus bill
Pittsburgh Business Times
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The Pennsylvania House of Representatives approved the Marcellus Shale impact fee by a count of 101 to 90 votes this afternoon. The legislation would enact a fee on Marcellus Shale drilling. How much producers would be required to pay for each unconventional gas well would vary, depending on the average annual price of natural gas and the point at time in which the well was drilled. According to the bill, 60 percent of the fee would go to the local governments and 40 percent to environmental initiatives statewide.
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What laws protect employee privacy?
J. J. Keller & Associates, Inc.
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Most employment-related privacy issues are not actually covered by state or federal laws. Some laws require employers to ensure confidentiality of social security numbers or similar information, typically to prevent identity theft, but most do not addresses invasion of privacy. However, courts do recognize a common law right to privacy. The term "common law" refers to the results of court decisions. When courts in different jurisdictions issue similar rulings in similar cases, a common law is created. These rulings are based on a "reasonableness" standard. The court must weigh the employer's legitimate business interests against the employee's common law "right" to privacy.
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How to lead through uncertainty
Inc.
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The recent stock market rally and more positive U.S. employment data have raised hopes that we are in the midst of a strengthening economic recovery. I hope it's true — yet the U.S. unemployment rate is still over 8 percent, Europe appears to be heading for a recession, and we know the U.S. budget deficit is at record levels and will have to be addressed. With these conflicting signals, you are probably trying to figure out whether to plan for a stronger economy or be more fearful that we might have another recession. Given this uncertainty, how should you manage yourself and your business?
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New Tubing Grab from Crosby was designed to move tubing from a trailer or the ground to the well service truck's rig floor. The Tubing Grab clamps on the tubing just behind the upset and a wire rope assist line is attached to the shackle. more
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2 factors that define great leaders
Inc.
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As small business owners, all of us are leaders. When we dissect the definition of leadership, it becomes clear that it applies equally whether we manage a company with 500 employees or one where we are the only employee. It can be argued that leadership is an amalgamation of several characteristics or traits. You could debate either side of that argument if it was preceded by the word "successful," but the bottom line is that leadership can and should stand on its own.
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10 employee types that drive managers crazy
CBS MoneyWatch
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You've had employees you've wanted to strangle. You've also had CEOs who wanted to strangle you. Can you blame them? People can be annoying at times. But overall, the pluses usually outweighed the minuses so no crimes were committed and everyone lived to work another day. That said, some employees are such royal pains in the you-know-what, such impediments to getting things done, that you really start to question why you hired them in the first place.
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Are successful people nice?
Harvard Business Review
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Since Daniel Goleman's Emotional Intelligence, we've recognized the importance of tuning into social and emotional factors in the workplace. But many popular depictions of the workplace don't show any evidence of that sensitivity. Mad Men, Wall Street, and others impress that in business, only the strong survive. But emotional intelligence implies that successful leaders should be nice. And while being nice may have social benefits, does it pay?
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How body language can help — or hurt — how you lead
Forbes
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As written by Carol Kinsey Goman, "I coach people like you — successful managers, team leaders, entrepreneurs and senior executives who are looking for ways to become even more effective in their ability to relate with and influence others. I shadow these leaders, observing them as they run meetings, interact informally with employees and colleagues, consult with customers, negotiate business deals and make formal presentations. I've seen first-hand how nonverbal signals can literally make or break a leader's impact."
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