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Oil & Gas Industry Update

US natural gas production hits record high in August

Average gas production in the lower 48 states in August 2014 was 68.9 billion Bcf/d. That's the highest monthly average on record.
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Hydraulic fracturing fluids market worth $19.88 billion by 2020

The growth in shale drilling around the world is tied to an increase in demand for hydraulic fracturing fluids, which are used to create or expand fractures as well as to carry proppant into fractures in coalbed formations.
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Four US energy companies plan Southeast natural gas pipeline

Dominion, Duke Energy, Piedmont Natural Gas and AGL Resources have formed a joint venture to build and own a 550-mile natural gas pipeline to North Carolina and Virginia.
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Shale gas market to be worth $104.1 billion by 2020

A new report from Allied Market Research predicts that the global shale gas market will expand at a compound annual growth rate (CAGR) of 9.3 percent in 2014-2020.
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Natural gas production in Marcellus Region reaches record high

Natural gas production in the Marcellus Region exceeded 15 billion cubic feet per day (Bcf/d) in July, the U.S. Energy Information Administration (EIA) reported.
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Shale gas processing equipment market poised for growth

With the U.S. leading the world in shale reserves exploration, and other countries starting to explore and develop their own reserves, strong growth is expected in the shale gas processing equipment market over the next five years.
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Bids invited for UK onshore oil and gas licenses

A new bidding process for onshore oil and gas exploration licenses was opened by the UK government last week.
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Federal Regulators green-light east-coast offshore oil exploration

Companies to use air guns and sonic sensors to pinpoint deposits from Delaware to Florida
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API releases guidelines for oil & gas industry, community cooperation

In an effort to improve the public image of oil and gas companies, the American Petroleum Institute (API) has released a set of guidelines it refers to as "good neighbor standards."
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US overtakes Saudi Arabia, Russia as world's largest oil producer

According to a new report by Bank of America Corp., record output of oil from shale rock formations is fueling economic growth for the U.S.
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