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Entries in Natural Gas (19)

Friday
Jul072017

Myth Busted: Tourism Industry Is Thriving in America’s Top Oil & Gas Producing States

Energy In Depth

July 7, 2017

The idea that fracking and tourism can’t coexist is something that has been perpetuated by anti-fracking activists eager to ban the practice in states like Maryland and Florida. But there’s a problem with the claim that fracking and tourism can’t co-exist: it’s false. In fact, America’s top oil and gas producing states also have thriving tourism industries as EID’s latest infographic shows.

Let’s take a deeper dive into the tourism industries of some of the top oil and gas producing states in the country: Texas, North Dakota, and Pennsylvania.

Texas: U.S.’s No. 1 oil and natural gas producer

From 2008 – 2015:
  • Oil production increased 212 percent
  • Natural gas production increased 14 percent
  • Visitor spending increased 14 percent
Texas is the top oil and natural gas-producing state in America, producing 980 million barrels of crude oil and 7.9 trillion cubic feet (tcf) of natural gas from April 2016 to March 2017. To put this into perspective, if Texas were a country it would be the world’s third largest producer of both natural gas (behind only the United States and Russia) and oil (behind Saudi Arabia and Iraq). That level of production equated to roughly $26 million per day ($9.5 billion annually) in state and local revenue for Texans in 2016, according to recent data from the Texas Oil and Gas Association (TXOGA).
Tuesday
Nov252014

Small Business Growth from Natural Gas Production and Exports

Small Business & Entrepreneurship Council

November 13, 2014

New Report Shows Energy Sector - Led By Small and Medium Size Firms - Added Significant Small Businesses and Jobs, While Overall U.S. Economy Witnessed Losses

In the midst of a historic energy revolution, United States energy sector companies - particularly small and midsize businesses – are adding new businesses and jobs at a far greater pace than the overall economy, according to a new report released today by the Small Business & Entrepreneurship Council (SBE Council).  These gains, the report adds, could be expanded even further through additional liquefied natural gas (LNG) exports.

"Our country has undergone nothing short of an energy revolution over the past decade, shifting from the position of energy dependence to one of energy abundance," said Raymond J. Keating, SBE Council chief economist and author of the report. "We are now the top natural gas producer in the world and the largest combined oil and natural gas producer. Our increased energy production has brought about tremendous small business and job growth with indirect benefits spreading up and down the supply chain all across the country. Expanding LNG exports would be the icing on the cake by encouraging future investments and the creation of even more businesses and jobs in our thriving energy sector. "…

Click here for complete report.

Thursday
Dec052013

Hydraulic Fracturing Videos: Celebrities: You Don’t Know What You’re Fracking Talking About

About 60% of oil and 98% of natural gas consumed in America is produced in America. Hydraulic fracturing is a safe process used in about 90% of U.S. wells. Banning fracking would virtually halt oil and natural gas development in America, causing us to import more energy from overseas where it’s done with less environmental protection.

Click here for complete article and videos > Western Energy Alliance

Recently, ill-informed Hollywood celebrities released a video on a topic they obviously know nothing about – fracking. Urging President Obama and the Governors of Colorado and New York to ban fracking, these celebrities clearly don’t understand that their lavish lifestyles depend on oil and natural gas. From providing the mobility to travel the world; heating and cooling their mansions; powering their electronics; and providing the feedstock for countless consumer products such as cosmetics, smart phones, clothing and the chemicals used in plastic surgery, their way of life would vanish without oil and natural gas…

Tuesday
Nov262013

Letter to Editor: We need to expand Highway 85

Ports-to-Plains Alliance was presenting this week in Watford City, ND and was able to ride along U.S, Highway 85 south of Watford City, ND.  This letter describes the current situation well.  This natural energy corridor needs to continue to move forward.  It is only a matter of time before the Bakken development expands to the south.  Instead of waiting until the development explodes and try to address the situation, let’s get started now.

~~~~~~~~~~~

I urge everyone to go to the Theodore Roosevelt Expressway website (www.trexpressway.com) and sign the resolution urging the North Dakota Department of Transportation to proceed with plans to four-lane U.S. Highway 85 between Watford City and Belfield.

Williston Herald

November 19, 2013

As a Williston native with extended family in South Dakota, I am no stranger to Highway 85.

I’ve seen accidents and experienced the increased traffic.

The potential we have as a state to build something great is now: A major north/south trade corridor that will transport goods, services, families and friends safely through Western North Dakota.

The Theodore Roosevelt Expressway Association (A membership driven organization with the mission of growing the Great Plains region through corridor development, marketing and trade promotions) has the vision.

Their current resolution showing support to the North Dakota Department of Transportation to continue Highway 85 four lane improvements South of Watford City has gained the endorsement of cities, counties, economic development corporations, private business, and private individuals.

I applaud the governor, NDDOT and state lawmakers during the past biennium that allocated $2.8 billion to the NDDOT budget with $1.5 billion coming back to Western North Dakota.

The four-lane improvements from Williston to Watford City, as well as various truck bypasses and overall road improvements have greatly improved the safety and efficiency of our transportation system. With that being said, we cannot stop there.

I urge everyone to go to the Theodore Roosevelt Expressway website (www.trexpressway.com) and sign the resolution urging the North Dakota Department of Transportation to proceed with plans to four-lane U.S. Highway 85 between Watford City and Belfield.

This resolution is good for the region, state, neighboring communities and everyone who utilizes Highway 85.

Shawn Wenko

Williston

Wednesday
Nov202013

North Dakota: ONEOK investing in several projects

ONEOK also will be investing $100 million in an expansion of its 600-mile Bakken NGL pipeline, which was completed in April.

Click here for complete article > Bismarck Tribune

November 19, 2013

A major natural gas company operating in North Dakota's oil patch announced plans Tuesday to build its largest processing plant in the state and expand a major pipeline.

Tulsa, Okla.-based ONEOK Partners announced a fresh round of investment in western North Dakota — estimated between $650 million and $780 million by 2016.

The company's Lonesome Creek natural gas processing plant is to be 12 miles west of Watford City, with a capacity to process 200 million cubic feet per day of natural gas. Upon completion in late 2015, it would be the largest ONEOK plant in the state…

Monday
Nov112013

In prosperous oil patch, drillers turn to water recycling to address drought, waste challenges

"This was a dramatic change to the practices that the industry used for many, many years," said Paul Schlosberg, co-founder and chief financial officer of Water Rescue Services, the company that runs recycling services for Fasken Oil and Ranch in West Texas, which is now 90 per cent toward its goal of not using any freshwater for fracturing, or "fracking," as it is commonly known.

Click here for complete article > Calgary Herald

November 11, 2013

When the rain stopped falling in Texas, the prairie grass yellowed, the soil cracked and oil drillers were confronted with a crisis. After years of easy access to cheap, plentiful water, the land they prized for its vast petroleum wealth was starting to dry up.

At first, the drought that took hold a few years ago seemed to threaten the economic boom that arose from hydraulic fracturing, a drilling method that uses huge amounts of high-pressure, chemical-laced water to free oil and natural gas trapped deep in underground rocks. But drillers have found a way to get by with much less water: They recycle it using systems that not long ago they may have eyed with suspicion…

Tuesday
Oct082013

Oil and Natural Gas Fiscal Best Practices: Lessons for State and Local Governments

Headwater Economics

November, 2012

How oil and gas resources are taxed and how the revenue is distributed and invested are the cornerstones of balancing positive and negative impacts of energy development. Across the country, there are various approaches to taxing oil and natural gas activity, and to spending, sharing, and saving these revenues. In no case has any single state put together a complete package of fiscal “best practices.” Yet each state employs part of a viable fiscal solution and can learn from what others are doing.

Tuesday
Oct082013

Unconventional Oil and Natural Gas Production Tax Rates: How Does Oklahoma Compare to Peers?

Headwater Economics in Conjunction with Oklahoma Policy Institute

August 2013

This report compares Oklahoma’s oil and natural gas tax policies to other leading oil and natural gas producing states. Oil comparison states are Colorado, Montana, New Mexico, North Dakota, Texas, and Wyoming. Natural gas comparison states are Arkansas, Louisiana, New Mexico, Pennsylvania, Texas and Wyoming.

Analysis applies state tax policies to average production data for typical unconventional oil and natural gas wells to determine comparable effective tax rates. Both unconventional oil and natural gas wells typically feature high initial rates of production that decline steeply and quickly, and eventually stabilize at relatively low levels. The respective production profiles for unconventional oil and natural gas wells are consistent enough across shale plays to offer a sound basis for comparing how states tax policies raise revenue from these new resources.