Goodrich Petroleum Corp. has turned in additional encouraging well results from the Tuscaloosa Marine Shale (TMS). Analysts following the TMS progress of Goodrich and others said Monday they are encouraged but still more needs to be learned.
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Corpus Christi LNG Terminal Signs Another Spanish Offtaker
Cheniere Energy Inc.’s Corpus Christi Liquefaction LLC has signed up its second foundation customer for the second train of its liquefied natural gas (LNG) export terminal being developed near Corpus Christi, TX.
June 2, 2014
Louisiana Falling Short in Well Inspections, Audit Finds
The Louisiana regulator charged with overseeing oil and gas well operations in the state and managing its population of “orphaned” wells is falling short in several areas, according to a new report by the Louisiana Legislative Auditor (LLA), which recommended new/increased producer fees to improve well inspection practices.
June 2, 2014
U.S. Oil Exports Would Lift All Boats, IHS Says
Opening the spigot on U.S. oil exports would stimulate production, lower domestic prices for gasoline and create nearly one million jobs, according to a new study by energy industry-friendly consultancy IHS Inc.
May 30, 2014
Iberdrola Signs Up for Corpus Christi LNG
Spain’s Iberdrola SA has agreed to buy about 0.4 million tonnes per annum (mtpa) of liquefied natural gas (LNG) from the first train of the Corpus Christi Liquefaction LLC export terminal being developed in Texas, Cheniere Energy Inc. said Friday.
May 30, 2014
Gas in Water Wells Not From Barnett, RRC Says, Again
Another investigation by the Railroad Commission of Texas (RRC) has concluded that the evidence does not support allegations that Barnett Shale drilling and hydraulic fracturing activities contaminated a number of water wells with methane in the area of Range Resources Corp. gas wells.
May 30, 2014
Louisiana Passes Bill to Stop Coastal Damage Lawsuit Against Pipelines
A bill to kill a mega-lawsuit against the oil and gas industry for damage to Louisiana’s coastal wetlands passed the state’s legislature on Friday and was on its way to Gov. Bobby Jindal for his signature.
May 30, 2014
March Texas Oil, Gas Production Up From Year Ago
Texas preliminary March crude oil production averaged 2.01 million b/d, up from the 1.62 million b/d average of March 2013. Cumulative March production was 62.45 million bbl, up from 50.09 million bbl reported during March 2013, according to the Railroad Commission of Texas (RRC).
May 29, 2014
DOE Streamlining LNG Export Review Process
The U.S. Department of Energy (DOE) said Thursday it will modify its liquefied natural gas (LNG) export review process, effectively taking a backseat to FERC and redirecting the spotlight to a smaller volume of exports that have final, multi-agency authorization.
May 29, 2014
Exports to Gas-Thirsty Mexico Expected to Double Again
Pipeline exports of U.S. gas to Mexico doubled from 2009 to 2013, and they’re poised to double again from 2013 to 2018, driven by growing demand from Mexican industry and power generators and growing supply in the United States, according to the country’s energy ministry.
May 29, 2014