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Author Archives: John Bestoloffe

By John Bestoloffe | Google+ My name is John Bestoloffe and I write for Shale Plays Media LLC which owns Bakken.com, Marcellus.com, and EagleFordTexas.com, Permianshale.com, Haynesville.com, and Niobrarachalk.com. Writing has always been my passion and now I am able to live my dream of being a Journalist. I went to school at North Dakota State University and live in Fargo ND with my wife and 2 children. As I start out in my new adventure reporting on the various Shale plays here in ND, I feel a sense of accomplishment in realizing my dream. When I’m not writing, I enjoy mountain biking, hunting, cruising on my motorcycle, and fishing.

Crude weekly update

Cushing inventory sees growth Due to higher than expected US stockpiles, crude oil futures fell last week, but losses were checked amid ongoing tensions over Ukraine. U.S. oil inventories rose by 7.1 million barrels last week while stocks at the delivery hub in Cushing, Oklahoma unexpectedly increased by 200,000 barrels, according to a late Tuesday report. Analysts had expected crude ...

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Helis seeks to tap southern Louisiana shale

harbor

John Bestoloffe , Shale Plays Media A New Orleans energy company is looking to drill a new well near Mandeville, LA in hopes of finding oil or gas, prompting concerns from residents of the surrounding St. Tammany Parish area that such operations could impact the local water supply. Helis Oil & Gas LLC tentatively plans to drill about a mile ...

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U.S. now producing 10% of world’s oil supply

pump jizacks

The United States is now responsible for 10 percent of global crude oil production, according to the U.S. Energy Information Agency. Both the Bakken and Eagle Ford shale formations played a significant part in the increase of recent years. The Bakken formation is now producing 35 percent of the country’s oil and Eagle Ford accounting for 28 percent of total ...

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White House Announces Methane Regulations Overhaul

cattle

John Bestoloffe , Shale Plays Media The Obama administration announced today it would implement new strategies targeted at reducing methane emissions from sources such as landfills, ranches and oil and natural gas extraction. The announcement is the latest in a series of recent plans by the executive branch to begin addressing concerns over climate change without relying on congress for ...

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Pennsylvania Poised to Open State Parks for Drilling Operations

Tiadaghton State Forest

John Bestoloffe , Shale Plays Media The Pennsylvania Department of Conservation and Natural Resources announced in 2010 that the state needed to stop leasing additional forest land or it would inflict significant damage to the local ecosystem. It issued a report stating that any additional expansion of fracking in the region would have long-term repercussions on the health and productivity ...

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Marcellus and Eagle Ford shales boost US gas production

chart

John Bestoloffe , Shale Plays Media United States natural gas inventories reached record levels last year due to the increased demand on shale plays from higher gas prices. Despite this, the market saw a drop in futures prices and, according to the latest State of Markets report from the Federal Energy Regulatory Commission that will mean long-term growth in demand. ...

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Crude Weekly Update

market

Growing oil inventories Crude oil prices fell further on weakening winter demand and easing Ukraine tensions. The increase in crude and distillate stockpiles also pressured prices. On oil inventory, the EIA reported that total crude oil and petroleum products stocks rose 2.18 million barrels to 1034.86 million barrels in the week ended February 28. Crude stockpile increased 1.43 million barrels ...

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Shell Drops out of Eagle Ford

shell

By: John Bestoloffe , Shale Plays Media Due to their recent disappointing domestic shale operations results, Royal Dutch Shell PLC will be ceasing investments in the Eagle Ford Shale. According to the San Antonio Business Journal, Shell will be cutting their U.S capital by 20 percent  due to this decision. Shell PLC is the number one natural gas and oil producer ...

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Crude Weekly Update

Growing oil Inventories Growing stockpiles of US crude oil caused a dip in oil futures this week as a US government report estimated more inventory than expected in previous weeks. According to the EIA on March 12, crude oil supplies were up 7.2 million bbl at week end. Inventories are above average for this time of year. Results of a ...

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Disclosure of Fracking Chemicals Urged by Energy Department

chemicals

By: John Bestoloffe , Shale Plays Media Fracking chemical disclosure has been a hot topic for oil industry employees and critics alike. Fracking chemicals are what oil and natural gas companies put inside of the massive amount of water that they send deep into the earth in order to extract oil. Oil companies are not required to say the specific chemicals ...

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