Natural Gas News – July 20, 2018

Natural Gas News – July 20, 2018

Permian Oil and Natural Gas Production Continues to Grow

Forbes reported: With the latest Drilling Productivity Report released from the EIA on July 16, the numbers in Texas’ Permian basin – our largest oil field and our second largest natural gas field – continue to grow, 3.33 million b/d of oil and 10.7 Bcf/d of gas produced this month – with even more expected in August. Natural gas in the Permian comes as a byproduct of crude oil production (“associated gas”). In fact, despite accounting for 12-15% of total U.S. gas production, from May 2016 to May 2018, the Permian did not have a single gas-directed rig. Investments in the Permian have represented “$2 of every $10 spent on oilfield services and equipment worldwide.” The wave of supply is coming at the right time for a state that gets half of its electricity from natural gas: “Texas sets new records for July electricity usage.” For more on this story visit forbes.com or click https://bit.ly/2JE6Juv

Contractor Who Struck Gas Line in Sun Prairie Not Registered to do Business in Wisconsin

Milwaukee Journal Sentinel reported: The contractor that cut into a 4-inch pipe carrying natural gas underneath downtown Sun Prairie on July 10 just before an explosion leveled a city block and killed a firefighter was not registered to do business in Wisconsin, according to state records. The Journal Sentinel confirmed Thursday that Michigan-based VC Tech, Inc. was hired by Kansas-based Bear Communications to help install new fiber optic cable lines in the Madison suburb of 30,000. The job was supposed to deploy a drilling process known as directional boring, which lays new cable lines underground without digging trenches, according to a city work permit obtained by Bear Communications. The company owned by Valentin Cociuba of Ypsilanti, however, is not registered to do business in Wisconsin, according to the Wisconsin Department of Financial Institutions. For more on this story visit jsonline.com or click https://bit.ly/2uCzV0a

 

 

 

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