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Ohio EPA Introduces General Permits for Compressor Stations
Continuing to advance a strong record of achievement in protecting the environment and streamlining the state’s permitting process, Ohio EPA is now accepting general permit applications for oil and natural gas mid-stream compressor stations.
Previously, air emissions from these common pieces of equipment were subject to the longer case-by-case permit process. By contrast, applications for general permits follow a template. These general permits allow the Agency to ensure it protects the environment while freeing up valuable staff resources to work on other complex permit issues.
General permit applicants are required to demonstrate that the equipment qualifies for a general permit, and agree to meet pre-defined permit terms including installation and/or operating requirements, monitoring, record-keeping and reporting. All of these general permits require the installation of state-of-the-art equipment or methods to control air emissions that meet or exceed federal standards. Among the common pieces of equipment that now qualify for general permits:
equipment (pipes, valves, flanges, pumps, etc.) that has the potential to leak;
liquid storage tanks;
truck loading operations; and
In recent years, Ohio has seen a large increase in the number of compressor stations due to the expansion of the oil & gas industry in eastern Ohio. General permits are an effective means to track and regulate air emissions and can be more efficient and timely for processing. Prior to establishing these general permits as an option, in 2016 Ohio EPA conducted an extensive draft and review process, accepting comments from interested parties and the public at large.
The Ohio Environmental Protection Agency was created in 1972 to consolidate efforts to protect and improve air quality, water quality and waste management in Ohio. Since then, air pollutants dropped by as much as 90 percent; large rivers meeting standards improved from 21 percent to 89 percent; and hundreds of polluting, open dumps were replaced with engineered landfills and an increased emphasis on waste reduction and recycling.
Due to investor pressure, the U.S shale drillers are being pushed to improve financial and operational performance after a few years of poor returns. Even though the industry has improved its numbers, when compared to last year, investors still want more to be done for them to earn more money. That's why two mid-tier shale drillers, Cabot and Climarex, have decided to merge in order to eliminate $100 million in annual costs, which means more money for the investors. This all-stock transaction is valued at about $7.4 billion, which is relatively high for the oil and gas sector. The new entity will be renamed and the headquarters located in Houston, Texas. Cabot shareholders will own 49.5 percent of the new entity, and Climarex the rest. The Cimarex-Cabot merger will address the investor's demand for a higher amount of returning cash. The initial plan is to pay a 50-cent-per-share special dividend on closing the deal while offering a quarterly variable div
According to the world's largest oil traders, global oil demand is set for a rebound. Between now and the end of 2022, global consumption is expected to increase by up to 8 million barrels each day. Vitol Group, the world's largest oil trader, supports this statement. In an interview with Bloomberg, Vitol's chief executive Russell Hardy said, "We'll need all eight cylinders to get through 2022". This, of course, is due to the lower than average demand for oil at the moment. Reopening economies and Asian markets will create a strong demand rebound by the end of this year and in 2022. Although the demand for jet fuel will slowly increase, it will still be below average at the end of the year. Nevertheless, a surge in petrochemicals will offset the expected delay in jet fuel demand. Last year, the oil surplus reached a record of 1 billion barrels. This excess is already more than halfway drained, and experts believe it will be depleted by the third quarter th
Last week, American Energy Partners Inc. stated its plans to acquire three oil and natural gas producers. The deal is valued at almost $11 million and includes companies in western Pennsylvania and West Virginia. American Energy Partners said it would obtain all of the stock and units of the three undisclosed companies. CEO Brad Domitrovitsch says: “ This transaction furthers our commitment to acquiring steady cash-flowing businesses while enhancing our ability to develop alternative green energy opportunities with the vast amount of acreage included in the package.” The sale involves 467 wells currently yielding 1.25 Bcfe/d and midstream assets spread over 695 acres (includes 100% owned surface and mineral rights). Additionally, there are no drilling commitments or obligations for the properties. American Energy controls several subsidiaries, including: Oilfield Basics LLC Hickman Geological Consulting LLC American Energy Solutions LLC Hydration Company of PA Gilbert Oil and Gas T