Fed Chairman Says Natural Gas Prices Will Rise 30 Percent

The future of carbon-dioxide enhanced oil recovery looks mixed, with the US unconventional resource boom potentially limiting growth CO2-EOR growth. “The shale (tight) oil revolution is an under-discussed threat to CO2 EOR prospects. The table below shows the 15 largest CO2 EOR producers in North America ranked alongside the 15 largest spenders in the shale oil market in 2014; the table shows there is significant overlap with companies involved in both endeavors. Shale oil development has lower start-up costs and quicker returns than CO2 EOR projects. Consequently, investors and company executives are likely to prioritize their shale oil asset development at this present time. [Rigzone]

The Charge New York initiative has greatly expanded the number of electric vehicle charging stations and EVs on the road today. “Since Charge NY was launched, nearly 500 EV charging stations have been added in New York, bringing the current total number in the state to approximately 1,000.” [InsideEVs.com]

Shell Midstream – a newly created MLP – launched an IPO yesterday and the shares surged raising about $920 million. “Shell Midstream Partners LP, structured as a tax-advantaged master limited partnership, debuted Wednesday morning on the New York Stock Exchange under the symbol SHLX. The offering priced at $23, above the anticipated range of $19 to $21 per unit. Soon after, the units were trading at $32.40.” [Fuel Fix]