More details released on BASF-Yara ammonia plant

Yara International and BASF Group have provided more details about their world-scale ammonia plant at BASF’s complex in Freeport, Texas. The companies said Yara will own 68% of the plant, with BASF owning 32%. The plant, scheduled for completion by year-end 2017, would have capacity to produce about 750,000 metric tons of ammonia annually. A […]

Oil moving higher today

Both West Texas Intermediate and Brent crude oil futures are up today, with prices headed toward their highest settlements of 2015. Spending cuts by oil companies and the probability of more declines in the number of active oil rigs are behind today’s moves. Brent has moved above $60/barrel for the first time this year, and […]

New processing plant will help Niobrara natural gas production

Natural gas production in the Niobrara play will be helped by the Bucking Horse gas processing plant, which is now operating near Douglas, WY, in Converse County. The plant is a JV of Williams Partners and Crestwood Midstream Partners. The plant has an announced processing capacity of 120 MMcf/d. Infrastructure to move and process gas […]

North Dakota looks at more limits on flaring of natural gas

North Dakota’s Senate is looking at a bill that would potentially place more limits on flaring from wells in the state. State Sen. Connie Triplett (D) is sponsoring a bill that would require companies to start paying royalties and taxes on natural gas within two weeks after a well comes online. State law currently gives […]

Sarp Ozkan will speak at event in Thornton, CO, this week

Ponderosa Advisors’ Sarp Ozkan will discuss international and US oil and gas markets during a presentation at the Reagan Club of Colorado event Thursday, Feb. 5, at Echo Park Automotive in Thornton, CO. The event begins at 6 p.m. Also speaking at the event is Chris McGowne of the Colorado Oil & Gas Association (COGA).