New Mexico Energy News

11.29.12

Optima Sees Fracking Increasing Specialty Steel Demand

Demand for specialty-steel products used in hydraulic fracking is poised to continue rising next year as energy companies step up exploration and production in shale-rock formations, Optima Specialty Steel Inc. said. Optima's sales of steel tubing to natural gas producers have climbed 15 percent in 2012, and a similar increase is forecast for 2013, said Kevin Stevick, chief executive officer of the closely held company. Growth at the Miami-based company is coming from fracking in states including Ohio, West Virginia, Pennsylvania and New York, he said.

 

11.27.12

Natural Gas: Energy You Can Hold Infographic

Natural gas isn't just for kitchen stoves and and large power plants. Natural gas liquids are widely used in manufacturing thousands of everyday products, as well as fertilizers and other applications that people may not be as familiar with.

 

11.21.12

Natural Gas Research 'Space Race' Is On

It has taken a couple of years for the energy industry to acknowledge a new reality: Natural gas availability is soaring in contravention of forecasting models that have been in use for decades, and the fuel is set to transform everything from power generation and transport to chemicals and even the trade deficit.

 

11.20.12

Industry Vet Sets Sights on Marcellus 2.0

In the latter part of the previous decade, attractive natural gas wellhead prices and technological advances in exploiting shale formations prompted an exodus to Appalachia. Some of the companies flocking to the Marcellus shale formation and its enormous store of natural gas willingly paid landowners several thousand dollars per acre merely to stake their claim and, when the time was right, flip their leaseholdings for a handsome profit to another speculator or to an operating company.

 

11.15.12

Environmental Hysteria Over Fracking Unfounded

During the recent campaign season, some candidates falsely claimed that New Mexico hydraulic fracturing harmed communities. For the record, there are no instances of contamination to New Mexico groundwater from hydraulic fracturing. Naturally, New Mexicans want to know that hydraulic fracturing is safe.

 

11.12.12

U.S. to become biggest oil producer - IEA

The United States will overtake Saudi Arabia to become the world's biggest oil producer before 2020, and will be energy independent 10 years later, according to a new forecast by the International Energy Agency.

 

10.24.12

America's New Energy Future: The Unconventional Oil and Gas Revolution and the US Economy

Across America's widening energy landscape, the economic impacts of unconventional oil and natural gas are increasingly discernible. These effects are visible within the energy value chain and are extending into the broader reaches of the US economy. The focus of this research series is to assess the evolving economic contributions of unconventional oil and natural gas development activity. This study seeks to quantify how unconventional activity creates economic value in the broader economy through an examination of the exploration and production activity.

 

09.18.12

Natural Gas On The Verge Of A Breakout To $4 As Stars Line Up

The boom in natural gas production that has pushed prices below $2 per thousand cubic feet back in April has planted the seed for a huge correction the other way.

 

09.17.12

Natural Gas: Putting the Pedal to the Metal

The coming U.S. energy boom, spearheaded by new technologies that have enabled us to recover vast amounts of previously inaccessible oil and natural gas from rock formations, will be important for several reasons, not least the nation's competitive advantage in the global economy.

 

09.05.12

TransCanada files new route proposal for Keystone XL

TransCanada has proposed to Nebraska officials a new route for the U.S. segment of its Keystone XL pipeline that avoids the Ogallala Aquifer and the Sandhills region in Nebraska. "The identified route, along with our commitment to implement additional safety requirements above and beyond those required for any other pipeline, ensures the protection of Nebraska's resources," said Russ Girling, TransCanada's president and CEO. TransCanada submitted the revised route plan to the Nebraska Department of Environmental Quality.