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Record $86B in 2011 US oil and gas upstream deals, led by unconventional sector with $62B

Green Car Congress

United States M&A activity for upstream oil and gas deals set records in 2011 for both deal values and deal counts, according to PLS, Inc., a provider of information, marketing and advisory services for the oil and gas industry. We expect continued strong activity in oil and liquids-rich resource plays in 2012.

El Paso 225
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DOE awards $19M to 13 initiatives in fossil-fuel areas to produce rare earth elements and critical minerals

Green Car Congress

Gulf Coast Basin (Alabama, Arkansas, Georgia, Louisiana, Mississippi and Texas): The University of Texas at Austin plans to quantify coal from mines and coal ash from power plant resources and refuse as feedstocks for rare earth elements and critical minerals within the US Gulf Coast Basin. DOE Funding: $1,204,129. DOE Funding: $1,499,999.

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AEP Signs on as Corporate Sponsor of Pickens’ Energy Plan

Green Car Congress

American Electric Power has signed on as a corporate sponsor of The Pickens Plan, proposed by oil and gas industry veteran T. Boone Pickens. AEP’s headquarters are in Columbus, Ohio.

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USDA establishes four additional Biomass Crop Assistance Program project areas

Green Car Congress

Acreage in Arkansas, Missouri, Ohio and Pennsylvania will be designated to grow giant miscanthus, a sterile hybrid warm-season grass that can be converted into energy to be used for heat, power, liquid biofuels, and bio-based products. A project area must have specific boundaries that are approved by the Secretary of Agriculture.

Missouri 186
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VIMS Collaborates with StatoilHydro on Algae Biofuel Project

Green Car Congress

The College of William and Mary and its Virginia Institute of Marine Science have formed a collaborative research initiative with a number of corporate partners—notably StatoilHydro—to investigate a new technology to produce biofuel from the algae growing naturally in rivers and the Chesapeake Bay.

Mariner 186
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America’s lithium laws fail to keep pace with rapid development – ET Auto

Baua Electric

states, legal experts, politicians, landowners, investors, royalty firms, industry executives and consultants. Koch Industries-backed Standard Lithium said last October it had drilled a Texas brine well with lithium concentrations nearly as high as those found in parts of Chile, which has the world’s largest lithium reserves. .

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Follow the sand to the real fracking boom

Green Car Congress

When it takes up to four million pounds of sand to frack a single well, it’s no wonder that demand is outpacing supply and frack sand producers are becoming the biggest behind-the-scenes beneficiaries of the American oil and gas boom. The industry has gone from drilling four wells per square mile to up to 16 using shorter, wider fracs.

Oil-Sands 262