2008

Chesapeake Energy Corp.’s original chief financial officer is resigning to run a hydraulic fracturing services company in which the producer holds a 26% stake.

As a flurry of well site bombings by still-unknown protesters in 2008 and 2009 fades into history, plans are advancing to accelerate natural gas development near the Dawson Creek starting point of the Alaska Highway in northeastern British Columbia (BC).

As a flurry of well site bombings by still-unknown protesters in 2008 and 2009 fades into history, plans are advancing to accelerate natural gas development near the Dawson Creek starting point of the Alaska Highway in northeastern British Columbia (BC).

Plans for the MapleLNG liquefied natural gas (LNG) terminal, which was to be built east of Halifax, NS (see Daily GPI, March 10, 2008), have been scrapped, the project’s backer told local news media. And a Texas LNG terminal project backed by the same parent of MapleLNG appears to be dead in the water, too.

The U.S. natural gas supply-demand balance was long by 1.1 Bcf/d in 2009 compared with 2008, which translated into record-high gas storage levels at the end of last year. And at the end of this year storage should see about the same levels, according to an analysis by Bentek Energy LLC.

The U.S. natural gas supply-demand balance was long by 1.1 Bcf/d in 2009 compared with 2008, which translated into record-high gas storage levels at the end of last year. And at the end of this year storage should see about the same levels, according to an analysis by Bentek Energy LLC.

A bill that would have placed a three-year moratorium on leasing of state forest land in Pennsylvania’s Marcellus Shale for natural gas exploration, drilling or production was referred to a committee Wednesday by the state’s Senate, which effectively killed the legislation for now.

While events in energy markets in 2009 did not resemble the roller-coaster ride of 2008, technological innovations that opened the floodgates for gas production out of shale plays changed the paradigm for the gas market, according to a state of the markets report issued Thursday by FERC’s Division of Energy Market Oversight.

While events in energy markets in 2009 did not resemble the roller-coaster ride of 2008, technological innovations that opened the floodgates for gas production out of shale plays changed the paradigm for the gas market, according to a state of the markets report issued Thursday by FERC’s Division of Energy Market Oversight.