Global Valve and Controls
10Feb/16Off

Shale Gas Fact or Fiction

There have been so many articles relating to the shale oil that I believe it is important to know what is true and what is not.

First, what is shale? Shale gas refers to natural gas that is trapped in shale formations. Shales are fine-grained sedimentary rocks that can be rich sources of petroleum and natural gas.

How does one person go about getting these rock formations out of the ground? There are 2 methods. Horizontal drilling and hydraulic drilling.

There is a limited amount of shale to go around: False. According to the EIA Annual Energy Outlook 2011, the United States possesses 2,552 trillion cubic feet (Tcf) of potential natural gas resources.

What are some of the most common shale plays that we have heard or read about? Barnett shale, Marcellus shale, and Utica shale.

Coal is cleaner than natural gas. False. Natural gas is cleaner-burning than coal or oil.

Should we be worried when shale is being extracted? Yes. Issues in decreased and polluted water supply in the surrounding areas have been reported. There have also been reports of chemicals being mixed in with water sources due to the drilling.

http://geology.com/energy/shale-gas/

 

5Jan/160

Public education is benefiting from the low oil prices

Believe it or not, there are those that are actually benefiting from the low oil prices and no they are not the people at the pump but the public schools.  How is this so? Well, there are many schools in North Texas, for example, that have oil and gas producing properties within their district boundaries. In turn, many local districts receive millions of money per year in property tax alone.

To give you an idea, Last year, Fort Worth ISD received $9.1 million from oil and natural gas property taxes. Northwest ISD received $20.1 million. Weatherford ISD got over $2 million, and Decatur ISD got $10.3 million, which is over one-third of its total tax base.

The money the schools receive allows them to hire more teachers and pay them well, thus giving the students a better education. It also helps the students have better facilities, programs, and supplies. It is no surprise that while oil continues to go down, public schools will continue to profit from many oil and gas companies. Funds for Texas education come from a variety of royalties and taxes paid by the oil and natural gas industry.
Read more here: http://www.star-telegram.com/opinion/opn-columns-blogs/other-voices/article51557495.html#storylink=cpy

 

17Nov/150

New Pipeline in the Midwest

Energy Transfer Partners, L.P. & their partners Phillips 66 is planning to install a pipeline carrying highly volatile and flammable crude oil through the state of North Dakota, South Dakota, Iowa, and partial Illinois; the I.U.B. Iowa Utilities Board is under discussion about whether or not they want this pipeline to be built through 18 counties and numerous watersheds, which will impact the ecosystem, not to mention many generations homes will be tarnished.

In June 2014, the project Bakken Pipeline published to the public is 1,134 miles underground and landowners attended informational hearing in the four states between August 2014 and January 2015. End of October of 2014 a submitted proposal to I.U.B. and submitted for a permit in January of 2015. The pipeline cost is $3.78 Billion dollars.

280 residents signed up to speak for and against the project on Thursday November, 12th 2015. Energy Transfer hopes to have the pipeline operational by late 2016.

11 days of hearing begins Thursday November 12th through December 2nd, the decision to be made whether or not this pipeline will be installed through IOWA will be by early January of 2016.

Who wants a job? I know I sure do, Energy Transfer states ‘2,000 to 4,000 jobs would be provided in Iowa during construction, and Iowa would receive about $50 Billion in sales and income taxes during construction.”

Everything that I have read so far, from a promise to a black and white paper writing document, jobs; jobs; jobs; and more jobs will be provided to skilled welders, mechanics, electricians, pipe fitters and heavy equipment operators.

Which will mean GLOBAL Valve & Controls have an opportunity to offer their upmost competitive API 6D Valves; these valves will be installed along the pipeline to shut off the flow of oil through pipe sections in an emergency.  (This one is an iffy).

The pipeline project must win approval from regulators in three other states in addition to IOWA.

 

Credits: http://ireport.cnn.com/docs/DOC-1281382 / https://en.wikipedia.org/wiki/Bakken_pipeline / http://www.desmoinesregister.com/story/news/politics/2015/11/12/bakken-pipeline-clash-begins-boone/75569442/

2Nov/150

Pennsylvania plans big for upcoming pipeline projects

Pennsylvania has been drilling in the state for about 10 years and now it has more than enough natural resources than the infrastructure to deliver it. Because of all the drilling, there is more supply than the demand which brings the focus to making more pipelines to move all the oil through the mid state.  More than 1500 wells have now been drilled and are waiting to be moved. Some of these projects include:

"Williams Partners' 178-mile Atlantic Sunrise Pipeline will move through 10 counties, as it carries gas from northeastern Pennsylvania to markets in the Mid-Atlantic and southeastern states. The $3 billion pipeline is expected to be operational by July 2017."

"The Mariner East I pipeline, which previously carried oil, was re-purposed to carry gas products."

"The Mariner East II pipeline will also carry gas. It will span 350 miles when complete. It is expected to be operational in late 2016 and will move along the same path as Mariner East I - through 14 counties in southern Pennsylvania, including several in the mid state."

More pipelines projects can be found by visiting: http://www.wpxi.com/ap/ap/pennsylvania/several-oil-gas-pipelines-planned-for-midstate/npCzm/

These projects will create thousands of jobs, and the natural gas being moved will be go hundreds of homes.

“Through smart planning, Pennsylvania can experience economic prosperity, achieve energy security, and protect the environment and communities”

 

Thru Conduit Gate Valves

Thru Conduit Gate Valves/ API 600 Gate Valve

1Oct/150

ExxonMobils Torrance plant SOLD!

ExxonMobil Corp. is selling its Torrance plant in Southern California. The plant is set on 750 acres and produces almost 2 billion gallons of gas every year. The company to buy is PBF Energy; they are one of the largest independent oil refiners in North America. ExxonMobil has been trying to get rid of the plant since the beginning of last year, but an explosion more than 6 months ago has caused the sale to cease.

The shutdown led to a shortage of gas that meets California's stricter pollution regulations and caused higher prices at the pump for drivers in the state.

PBF Energy states that the plant will begin working again as early as next year.

"I really do believe this is good for PBF and Exxon Mobil, and it's good for California consumers," Kloza said. "Having Exxon Mobil operate a refinery in a state that has declared they want to minimize fossil fuels was ... a bad marriage."

The sale also includes a 116 miles section pipeline that delivers San Joaquin Valley crude to the refinery and pipes that provide access to the Port of Long Beach and Los Angeles. Currently the employees working at the plant will be offered jobs through PBF Energy instead of ExxonMobil.

http://www.pennenergy.com/articles/pennenergy/2015/10/exxon-mobil-to-sell-troubled-southern-california-refinery.html

26Aug/150

Pipeline leak in Canada

A new leak was discovered Thursday of last week located in the northwestern park of Alberta, Canada. The spill came from a NuVista Energy company. Roughly 100,000 liters of a mixture of water, oil and gas have seeped through.

"On Friday afternoon, a helicopter crew doing regular daily inspection and maintenance work saw a "small area of stressed vegetation" along the pipeline route and the line was shut down immediately"

The company quoted that safety and the environment is their number one concern so responding very quickly was not an issue for them. No traces were found of any wildlife was harmed.

 

http://www.cbc.ca/news/canada/edmonton/nuvista-pipeline-leaks-100-000-litres-of-oil-water-and-gas-1.3197378

10Aug/150

Job seekers in a depression

Do you remember when the price per barrel was high? Yes, it was some time ago and we also wrote a blog then about some of the best salary jobs that were in the Oil&Gas industry. For example, if you were working on a rig back then you would have probably would have been making around $80k. Pay was high, but the hours were long as well. Now that the price for oil is low, these jobs are no longer in demand. The pay is around $50k to $80k. “Keeping pay and bonus percentages constant has been made possible only through cost-saving layoffs. U.S.-based energy firms announced 60,500 job cuts in the first six months of 2015”

http://www.cnbc.com/2015/07/22/oil-and-gas-jobs-pay-is-still-big-but-not-booming.html

If you are having trouble finding a job or interested in a career change, Money.News.com has made a list of some potential jobs that one might find interesting, especially when the price for oil is low.

 

Accounting: Bad economic times increase businesses' and individuals' desire to wisely account for every last dollar.

Education: Even in the current slowdown, our political leaders seem committed to education spending, and voters continue to pass education bonds to upgrade facilities.

Entertainment: During the Great Depression, the movie industry boomed as people craved escapism and had time to burn. That would very likely be the same today: The film, video game, sports, and creative arts industries should remain viable.

Utilities: This is the classic defensive stock investment. Even in the worst of times, utilities stay cranking.

Alternative energy: Despite all the media attention to solar and wind energy, it's possible that the nuclear industry would, over the next decade, create the most jobs.

Health care: The jobs with the most security include registered nurses, physician assistants, internal medicine physicians, dentists, optometrists, pharmacists, and physical therapy assistants.

Law firms: If they specialize in discrimination law, immigration law, or sexual harassment—they'll still need plenty of employees.

Law enforcement: In tough times, the level of crime tends to increase.

http://money.usnews.com/money/careers/articles/2008/10/27/15-hot-jobs-in-a-gulp-depression

16Jul/150

About Flanged Ball Valves

When you need to know more about certain products or practically anything the first place you visit is the internet. In this case, I wanted to know more about Flanged Ball valves, but after pages and pages of searching, all I found were the different companies that either manufacture and/or distribute them. I decided to try and do my own research on these particular ball valves. 

It is actually very simple. A flange ball valve is a ball valve that has flanges. That’s the obvious right? These valves are used primarily in the chemical, petrochemical, food and beverage, shipbuilding and marine industries. They come in all different sizes, pressure classes and material. The flanges are there for the valve to connect to another valve or object, such as a pipe. Although flanged ball valves are very common, when picking out a flanged ball valve be sure to know what kind of face you need. For example, Wikipedia states, "The flange faces are also made to standardized dimensions and are typically "flat face", "raised face", "tongue and groove", or "ring joint" styles, although other obscure styles are possible."

Flanged Ball Valves

Flanged Ball Valves

10Jun/150

America takes Russian oil crown

We all remember the days when Russia used to produce the most oil and natural gas, but now the US has taken the lead thanks to their shale fields.

The data showing the U.S.’s emergence as the top driller confirms a trend that’s helped the world’s largest economy reduce imports, caused a slump in global energy prices and shifted the country’s foreign policy priorities.

The U.S. increase in oil output last year, helping it to overtake Saudi Arabia as a crude producer, was the first time a country has raised production by at least 1 million barrels a day for three consecutive year.

http://www.bloomberg.com/news/articles/2015-06-10/u-s-ousts-russia-as-world-s-top-oil-gas-producer-in-bp-report

 

28May/150

Oil rig fire in Mexico

Another rig has exploded on the Mexican coast, injuring over 40 workers, and killing 4. Although this incident happened in April, the story didn't take on every news channel like the past few rig fires.

"Authorities evacuated about 300 people from the Abkatun Permanente platform after the fire started, Pemex said. At least 10 boats worked to battle the blaze for hours." The fire was extinguished by Wednesday.

To see the video, click here: http://www.cnn.com/2015/04/01/americas/mexico-oil-rig-fire/