From the U.S. Petroleum Institute on Thursday:
Total U.S. petroleum deliveries (a measure of demand) edged down last month by 0.2 percent from October 2013 to average 19.3 million barrels per day.
“Production and refining activity were both quite strong in October,” said API Chief Economist John Felmy. “While total demand saw a small drop-off from last year, transportation fuels like gasoline and jet fuel hit recent highs for the month.”
Gasoline demand grew 0.3 percent from October 2013 to average just below 9.0 million barrels per day – the highest level for the month since 2010. Deliveries also rose over the same period for jet fuel (1.5 percent) and “other oils” (4.6 percent) but fell for distillate (6.2 percent) and residual fuel (11.2 percent). At nearly 1.5 million barrels per day, October deliveries of jet fuel reached the highest level in seven years.
Crude production last month averaged nearly 9.0 million barrels per day, up 17.0 percent from last year to the highest October output in over four decades. Record oil production occurred in the Bakken, the Eagle Ford, and the Permian regions last month, and the Marcellus region achieved record natural gas production, per the latest EIA Drilling Productivity Report.
Natural gas liquids (NGL) production, a co-product of natural gas production, averaged just above 3.1 million barrels per day, a 13.0 percent increase from the prior year. According to the latest reports from Baker-Hughes, Inc., the number of oil and gas rigs in the U.S. in last month was 1,925 – up 181 counts from October 2013.
Total petroleum imports fell by 5.3 percent from the prior year to average 9.1 million barrels per day last month while imports of refined products fell 29.4 percent to 1.5 million barrels per day. Both figures represent 19-year lows for October. Imports of crude oil increased by 1.6 percent from October 2013 to average 7.6 million barrels per day but were still the second lowest level for the month in 18 years.
Production of gasoline in October grew by 0.4 percent from the prior year to set a new record for the month of 9.5 million barrels per day. For distillate, production slowed by 3.7 percent from last year to 4.6 million barrels per day. Year to date production for gasoline and distillate both reached all-time records last month.
October records were set in refinery gross inputs and exports of refined products. Gross inputs grew 2.2 percent from last year to average 15.8 million barrels per day while exports were up 8.4 percent to average just over 4.4 million barrels per day.
With a number of refineries on turnaround, the refinery capacity utilization rate averaged 88.8 percent in October. This was a 2.9 percent drop from September but up 2.0 percent from last October and the highest rate for the month in 10 years. API’s latest refinery operable capacity was 17.805 million barrels per day.
Crude oil stocks ended October at 374.3 million barrels, down 1.9 percent from the last year, and stocks of motor gasoline fell to 204.1 million barrels on a 4.6 percent decline. Jet fuel stocks also fell compared to the prior year while distillate and “other oils” stocks increased.
New York-based Hess Corp. this week announced that production has commenced at the Tubular Bell Field in the Gulf of Mexico.
The project is 57 percent owned by by Hess and 43 percent by Chevron U.S.A.
It is expected to produce 50,000 barrels of oil; equivalents per day by Dec. 31, 2014, from three wells.
Click here to read more.To read more or comment...
Investors in Texas-based Kinder Morgan on Thursday approved the merger of four companies in a $44 billion move.
The deal is expected to officially close on Nov. 26.
Click here to read the full story.To read more or comment...
From the U.S, Geological Survey today:
The full report is available online.
The U.S. Geological Survey released a report today that compiles and summarizes published scientific studies that evaluate effective conservation buffer distances from human activities and infrastructure that influence greater sage-grouse populations.
Greater sage-grouse conservation buffers are specified protective distances around greater sage-grouse communal breeding locations, known as leks.To read more or comment...
A new $4.4 billion pipeline that will carry natural gas across northern Ohio is in the spotlightat 10 public meetings.
The public scoping meetings for the Rover Pipeline planned by Dallas-based Energy Transfer Partners are being arranged by the Federal Energy Regulatory Commission.
Here are the details from FERC:
The staff of the Federal Energy Regulatory Commission (FERC or Commission) will prepare an environmental impact statement (EIS) that will discuss the environmental impacts of the planned Rover Pipeline Project (Project) involving construction and operation of facilities by Rover Pipeline LLC (Rover) in multiple counties in Michigan, Ohio, West Virginia, and Pennsylvania. The Commission will use this EIS in its decision-making process to determine whether the Project is in the public convenience and necessity.To read more or comment...
From London-based Energy Intelligence late today:
PRESS RELEASE Embargoed to 1800 EST on 20 November 2014To read more or comment...
From the Associated Press on Thursday:
Chemicals firm Ineos has announced plans to invest 640 million pounds ($1 billion) in shale gas exploration in Britain.
The company is applying for more licenses to expand its operations in Scotland and in northern England.
Chairman Jim Ratcliffe says he wants the company to become the biggest player in the industry in the country. He said Thursday he believes shale gas could revolutionize British manufacturing, and that Ineos has the resources and skills to extract the gas safely.To read more or comment...
From the latest update on drilling wastes from the Ohio Environmental Protection Agency, the Ohio Department of Natural Resources and the Ohio Department of Health.
Click here to read the four-page letter from Nov. 17.To read more or comment...
Ohio has approved 1,630 Utica shale permits, as of Nov. 15.
Of that total, 1,176 Utica wells have been drilled and 618 Utica wells are producing, according to the Ohio Department of Natural Resources.
It said 53 drilling rigs are at work in Ohio.
A total of 22 new Utica permits were approved: three in Belmont County, six in Columbiana County, two in Harrison County, seven in Monroe County, three in Noble County and one in Tuscarawas County.To read more or comment...
From Williams today:
Williams (NYSE: WMB) today announced that Robert Purgason and Walter Bennett each will assume a role as senior vice president of one of the company's operating areas, effective Jan. 1. Williams' board of directors confirmed both Purgason's and Bennett's roles, which will report directly to Williams President and Chief Executive Officer Alan Armstrong.
The operating area Purgason will lead encompasses the assets and operations of Access Midstream Partners, L.P. (NYSE:ACMP), which includes natural gas gathering and processing in the Marcellus, Utica, Eagle Ford, Haynesville, Barnett, Mid-continent and Niobrara producing areas.To read more or comment...
Chesapeake Energy Corp,the Oklahoma-based firm is the No. 1 driller in Ohio.
Rig Count Interactive Map by Baker Hughes, an energy services company.
Shale Sheet Fracking, a Youngstown Vindicator blog.
The Ohio Environmental Council, a statewide eco-group based in Columbus.
Earthjustice, a national eco-group.
People's Oil and Gas Collaborative-Ohio, a grass-roots group in Northeast Ohio.
Concerned Citizens of Medina County, a grass-roots group.
No Frack Ohio, a Columbus-based grass-roots group.
Fracking: Gas Drilling's Environmental Threat by ProPublica, an online journalism site.
Pipeline, blog from Pittsburgh Post-Gazette on Marcellus shale drilling.
Allegheny Front, environmental public radio for Western Pennsylvania.