Oil, gas drilling activity in Ohio's Utica Shale expands | Preferred Sands planning new sand mine in Texas | Permian pipeline operators step up consolidation efforts
October 17, 2017
Shale SmartBrief
News on shale oil and natural gas
Top News
US shale production poised for another monthly rise
US shale output is expected to grow by 82,000 barrels per day to 6.12 million barrels per day in November, marking the 11th consecutive month of shale production increases, according to the Energy Information Administration. The Permian will account for 50,000 of the additional barrels, while output from the Bakken Shale and the Eagle Ford is set to rise by 7,600 barrels per day and 2,500 barrels per day, respectively.
Reuters (10/16) 
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Making the Most of Parcel Boundary Data
For a growing list of industries, the importance and widening use of parcel boundary and property data continues to grow. Thankfully, alternatives to traditional parcel acquisition efforts are now available through cost-effective and ready to use solutions. Read our guide to smart decision-making using parcel boundary data
News from the Field
Oil, gas drilling activity in Ohio's Utica Shale expands
The Ohio Department of Natural Resources issued 48 drilling permits in the Utica Shale in September, up from 32 in August and a 78% increase from September 2016. Natural gas production in the Utica is expected to climb to 4.88 billion cubic feet per day in September, according to the Energy Information Administration.
Argus Media (10/13) 
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Preferred Sands planning new sand mine in Texas
Pennsylvania-based frac sand miner Preferred Sands has acquired over 4,000 acres in Texas' Atascosa and Bexar counties, where it plans to start construction on a sand mine by the end of the year. The mine will serve drillers in the Eagle Ford Shale play.
San Antonio Express-News (tiered subscription model) (10/13) 
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Permian pipeline operators step up consolidation efforts
Concerns that Permian Basin oil production won't grow fast enough to fill the new pipeline space becoming available in Texas have prompted operators of the roughly 20 new pipelines planned for the region to sell stakes in the projects and start chasing supply deals. If all of these projects come online, the Permian's pipeline capacity would more than double from 2.4 million barrels per day now, whereas current production volumes hover around 2.6 million barrels of oil per day.
Reuters (10/13) 
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US drillers cut number of rigs
The total number of US rigs dropped by eight to 928 last week, with drillers idling five oil rigs, two natural-gas rigs and one miscellaneous rig, according to Baker Hughes. Texas' rig count fell by four, while Oklahoma lost three rigs and California shed two units.
Houston Chronicle (tiered subscription model) (10/13) 
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Dakota Access Pipeline helps Bakken drillers slash costs
Since entering service four months ago, the Dakota Access Pipeline has reduced break-even costs for Bakken Shale producers from $55 per barrel to $52 per barrel, according BTU Analytics analyst Erika Coombs. However, the boost is too small to allow the Bakken to compete with shale plays such as Texas' Permian Basin and Colorado's Denver-Julesburg Basin, where breakevens average $46 per barrel and $41 per barrel, respectively.
Bloomberg (free registration) (10/12) 
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Spotlight on Policy
Colo. city sued over new drilling regulations
The American Petroleum Institute and the Colorado Oil & Gas Association last week filed a lawsuit challenging new drilling regulations adopted by the city of Thornton, Colo. The oil industry groups questioned the legality of the rules, arguing that the City Council overstepped its authority when it set drilling rules that are stricter than state law stipulates.
KCNC-TV (Denver) (10/13) 
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API News
2017 Fall Refining and Equipment Standards Meeting
Help develop standards for safe, efficient refining operations at the Fall Refining and Equipment Standards Meeting, Nov. 13 to 16 in Dallas. Register and learn more information.
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Midstream Oil and Gas Fundamentals
Join EMI for an introduction to the midstream petroleum industry. The midstream, the vital trading and transportation segment in the oil and gas industry, is changing worldwide and most dramatically in North America. What we know about long-established flows, capacities and differentials that provide transportation and logistics for crude oil and natural gas is being radically redefined with impacts on respective markets and trading activities. Presented by Energy Management Institute, Oct. 25 to 26. To learn more about this course and to register, visit the API-U Calendar.
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