Petrochemistry and Chemical Engineering

The world is going through a major energy transformation with fossil oil and gas being the primary source. Tight oil and gas is now being extracted at all time highs in the United States, specifically the Texas Delaware formation. Pipelines, recently restricted are now opening up for full development and conveyance to export terminals, refineries and storage for domestic use, import or export. This will have a most significant effect on the united states gdp, providing the crude oil prices stay in the fifty dollar range per bbl. Or higher in 2017 and into the following year. There is a profound interest in this technology in south america, the european demands and other parts of the world. For example, noble energy (nbl, nyse) just completed a purchase of clayton williams energy (nyse, cwei) to now control the drilling leases in over 120,000 acres within the texas delawar basin, all proven and yet to be drilled. This case history and others will be discussed at the aforementioned conference in Atlanta.