After stumbling a bit with a challenging and disappointing well in the Tuscaloosa Marine Shale (TMS), Goodrich Petroleum Corp. on Monday reported its latest producer, which is apparently benefiting from a back to basics strategy the company is applying in the play.
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Sinopec Stepping Up China’s Shale Game; 353 Bcf by 2017
China Petroleum and Chemical Corp. (Sinopec) said Monday it has "made significant breakthroughs" in shale gas exploration…
March 25, 2014
NGI The Weekly Gas Market Report
Jordan Cove Is DOE’s Seventh Non-FTA LNG Export OK
Jordan Cove Energy Project LP Monday was granted conditional authorization to export liquefied domestic natural gas to countries…
March 24, 2014
Marcellus, Eagle Ford Led Last Year’s Production Gains
Higher spot prices for natural gas last year stimulated production from shale plays — particularly the Marcellus and Eagle Ford — lifting total U.S. gas supplies to record levels. However, futures prices fell, and that is expected to encourage long-term demand growth, according to the latest State of the Markets report from FERC staff.
March 21, 2014
NGI The Weekly Gas Market Report
Infrastructure Bending to Accommodate Shales, FERC Assessment Says
The natural gas market last year continued to make adjustments to accommodate growing supplies from shale basins. Pipeline flows shifted, and in some cases reversed, and power generators increasingly turned to natural gas for new capacity. Meanwhile, a wicked winter strained some infrastructure and sent prices in some markets soaring.
March 21, 2014
Spectra Files for BC Pipeline to LNG Terminal
Spectra Energy Corp. has filed with British Columbia regulators for an environmental assessment certificate for its Westcoast Connector Gas Transmission Project, which would carry gas from northeast BC to BG Group's proposed Prince Rupert LNG export facility on Ridley Island.
March 21, 2014
FERC Would Shake Up Gas Day for Better Power Gen Alignment
Interstate pipelines would have to rise and shine a lot earlier to serve an industry segment that is growing significantly in gas-demand importance — electric power generators — under a FERC proposal released Thursday intended to better coordinate the nation's interstate pipelines and gas-fired power plants.
March 20, 2014
FERC OKs Texas-Mexico Gas Pipeline Border Crossing
FERC on Thursday approved border-crossing facilities that are part of a plan by Energy Transfer Partners LP unit Houston Pipe Line Co. LP to ship gas between Texas and Mexico.
March 20, 2014
Alaska Senate Passes Gasline/LNG Bill
The Alaska Senate Tuesday passed on a split vote (15-5) a bill introduced by the governor to advance long-sought commercialization of North Slope gas reserves via liquefaction and export. More than a dozen amendments proposed by Democrats were defeated.
March 19, 2014
Texas’ Substantial Petro Wealth Mainly in Texan Pockets
The Lone Star State — home of the Permian Basin, Eagle Ford and Barnett shales — has $140 billion worth of proved producing reserves, and corporations hold the lion's share of that wealth, according to an analysis by Blackbeard Data Services LLC.
March 19, 2014