The hottest shale resources continue to lead the i

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Shale resources continue to lead the investment boom in the U.S. oil industry

shale resources continue to lead the investment boom in the U.S. oil industry

March 4, 2014

[China paint information] large U.S. oil companies judge that steel mills have positive inquiries, and the shale field will still maintain high profits, and plan to invest more yield in areas rich in shale resources: the load exceeding the proportional limit is no longer proportional to the elongation. In 2014, in order to achieve the goal of increasing oil and gas production in the United States, marathon oil company plans to invest $3.6 billion in the development of shale resources in the United States, and continue to expand its scale on the basis of 28 shale drilling equipment currently operating in the United States. With a budget of $3.6 billion, marathon plans to invest $2.3 billion in Eagle Ford, South Texas, to drill more than 250 shale gas wells; It plans to invest US $1billion in Bakken production area in North Dakota, and the remaining US $236million will be used in Woodford production area in Oklahoma. The company hopes to double the drilling capacity of these two production areas

among the middle and downstream companies, Phillips 66, an American oil refining company, plans to increase capital in 2014, with expenditure reaching gb/t 12606 magnetic flux leakage testing method for steel pipes. 2.7 billion US alvant materials can be used as discrete inserts in components, an increase of 40% over the previous year, in order to benefit from the growing shale oil and gas production, supporting shale oil and gas processing, shale gas chemical industry and pipeline business. The investment of Phillips 66 in 2014, including WRB refining company (a joint venture between ConocoPhillips and Canadian energy company), Chevron Phillips Chemical (a joint venture between ConocoPhillips and Chevron) and DCP midstream company (a joint venture between ConocoPhillips and spectra energy company), is expected to reach US $4.6 billion. Among them, the oil refining business is expected to invest about US $1billion, most of which will be used to meet the US EPA phase III vehicle emission and fuel standards, device maintenance and improve reliability. Other investments include energy efficiency projects, product yield improvement, and increasing the supply of competitive crude oil. In the midstream investment plan, about US $1.4 billion was invested in the production and transportation of natural gas condensate (NGL), a significant increase from US $600million in 2013, including the investment and use of a 100000 barrel/day NGL fractionation unit and a liquefied petroleum gas (LPG) export equipment in the Gulf of Mexico

the investment projects in the chemical industry are expected to be undertaken by Chevron Phillips Chemical Company, including the use of more shale resources and other cost-effective raw materials. In 2014, the company is expected to have a 250000 T/a hexane cracking unit completed and put into operation, two 500000 T/a polyethylene units and a 1.5 million T/a ethane cracking unit under construction

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