MassiveIndustry

(Thu, 28 Jul 2016) Stripper wells, also known as marginal wells, individually produce small volumes of natural gas or oil but in total have provided 11% to 15% of total U.S. oil and natural gas production over the past decade. Natural gas stripper wells (so called because they are stripping the remaining natural gas out of the ground) are characterized as producing no more than 90,000 cubic feet per day over a 12-month period.

An attempted coup spooked the Turkish steel market, mergers and acquisitions were back in vogue in Europe, while China is looking at some anti-dumping action of its own.

(Wed, 27 Jul 2016) Combined heat and power (CHP) systems have long been used to reduce the overall energy intensity of industrial systems. There are two types of combined heat and power, depending on whether the system produces power first, then heat, or heat first, then power. In topping cycles, the hot exhaust of an electricity generator such as a natural gas turbine or reciprocating engine is used to provide process heat, hot water, or space heating for the site. According to preliminary 2015 data, topping cycles are used by 89% of total CHP capacity.

(Tue, 26 Jul 2016) Higher and more stable crude oil prices are contributing to increased drilling in the United States, which may slow the pace of production declines. Benchmark West Texas Intermediate (WTI) crude oil prices averaged $46.59 per barrel (b) over the past three weeks, a 40% increase over the average price in the first quarter of 2016. The rig count for active onshore rotary rigs in the Lower 48 states, as measured by Baker Hughes, stood at 352 rigs on July 22, 45 rigs above the number at the end of June.