magazine

Recommendations

Info

54 The Official Publication of the North Dakota Association of Oil & Gas Producing Counties
Continued from page 53 outside of the United States, including Mexico, would be able to quickly deploy the cadre of highly-skilled professionals needed to undertake unconventional oil and gas production.” Many of these issues are being addressed as Mexico has tabled energy reform legislation with the rule-making process now underway, with results to be made public as early as March or April of this year. This legislation has made it more palatable for the oil and gas industry north of the Rio Grande to start thinking about investing in Mexico. “Now, with the passage of Mexico’s energy reform, there have been a series of meetings with the Eagle Ford Consortium to discuss the establishment of a binational committee with Mexico,” says Gonzalez. “The passage of Mexico’s energy reform legislation will open development opportunities for United States exploration and production and oilfield service companies.” The development of the Mexican side of the EFS is critical for Mexico, which, in spite of sitting on enormous quantities of untapped natural gas reserves, currently imports its natural gas from the United States. Mexico has experienced oil booms in the past, but recently, oil production has been steadily declining from a lack of investment by the federally-controlled PEMEX. “Eagle Ford and other shale formations in Mexico clearly represent an opportunity,” says Tunstall. “Energy reform could be the catalyst to turn things around. Mexico has an estimated 10.4 billion barrels of proven reserves, which can be produced using conventional and unconventional techniques.” Trivia Time US production growth contributes to global price stability Crude oil production growth in the United States has helped contribute to a global price stability in 2013. Highlights from significant events in the United States that affected oil markets in 2013 include: • Domestic crude oil production increased 1.0 million bbl/d, rising more than the combined increases in the rest of the world, to reach its highest level in 24 years. This increase marked the largest observed annual increase in United States history. • Production exceeded imports during several weeks for the first time in nearly two decades. • Transportation infrastructure improvements enabled crude oil from Cushing, Oklahoma, and the Bakken, Permian, and Eagle Ford tight oil formations to better reach refineries, reducing the need for foreign crude oil. Source: www.eia.gov/todayinenergy/detail.cfm?id=14531 The 1M bpd Race Total production from Eagle Ford hit one million barrels per day (bpd) in August 2013 and was projected to rise to 1.09 million bpd in November of the same year, according to a report from the United States Energy Information Administration. The Bakken was expected to produce 935,000 bpd in October 2013, and 960,000 bpd in November of the same year. The Bakken has had drilling ongoing since 2003. The Eagle Ford was initially seen as a natural gas play and did not have notable oil drilling until early 2009. Source: www.rigzone.com/news/ oil_gas/a/129753/EIA_Eagle_Ford_ Shale_Beats_Bakken_to_1_MMbopd_ Milestone#sthash.ID5gecNH.dpuf BASIN BITS | Spring 2014 55
Page 1:
Spring 2014 BASIN BITS The Official
Page 11: Spring 2014 Table of Contents BASIN
Page 15: Opening Remarks From the Desk of th
Page 18 and 19: ADVERTORIAL
Page 21: Opening Remarks From the Desk of th
Page 27: Opening Remarks A Message from the
Page 31: A Message from Ryan Rauschenberger,
Page 35: Special Section Expo Opens & Ice Br
Page 39 and 40: Special Section Bruce Hicks, assist
Page 41: through a power turbine that turns
Page 46 and 47: A Closer Look Shale Showdown: In th
Page 49 and 50: By Paul Adair In terms of oil and g
Page 51: industry demand and a shortage of f
Page 56 and 57: Feature Keeping a Nose to the Groun
Page 58 and 59: Nicholson agrees. “The clients ar
Page 63 and 64: Feature Pooling Data: The Bakken’
Page 65: “The chemical part of the technol
Page 68 and 69: Trivia Time Water Usage for Frackin
Page 71: “Rotary dryers are the most prove
Page 77 and 78: The EERC has been doing research on
Page 79: BASIN BITS | Spring 2014 79
Page 83 and 84: a letter acknowledging the funding
Page 85 and 86: By Darla Read When Shawn Kessel bec
Page 88 and 89: Feature Landowner Rights Rise to th
Page 90: Trivia Time Investment Inklings •
Page 93 and 94: ut we must always be prepared to ad
Page 95 and 96: Feature On the Road Again By Paul A
Page 97 and 98: economic growth, we do have leverag
Page 99 and 100: Already equipped with some of the m
Page 101 and 102: Feature By the Numbers By Andrea Da
Page 103 and 104: Trivia Time Six Facts About ND Oil
Page 105 and 106:
North Dakota lignite mines work har
Page 107 and 108:
membership agreement on October 28,
Page 109 and 110:
By Kim Babij-Gesell It’s a pretty
Page 111 and 112:
I understand there are a few more t
Page 113 and 114:
The Bakken Area Program Management
Page 115:
“The association provides a vital
Page 118 and 119:
In the Spotlight Hart Energy: Focus
Page 120 and 121:
Continued from page 119 for field t
Page 122 and 123:
122 The Official Publication of th
Page 124 and 125:
Four Bears Bridge is an historic pr
Page 126 and 127:
Page 128 and 129:
Discussing Industry Study, County R
Page 130 and 131:
Housing Conference Emphasizes Need
Page 132 and 133:
Page 134 and 135:
Trivia Time ND’s Export Market No
Page 136 and 137:
Wilden Pro-Flo® SHIFT significant
Page 138 and 139:
Page 140 and 141:
Page 142 and 143:
14. Slawson Exploration Co. Inc. Oi
Page 144 and 145:
Buyer’s Guide Air Compressor Syst
Page 146:
Oilfield Equipment Services & Solut
show all

magazine

Create successful ePaper yourself

Delete template?

Save as template?