Natural gas production in the Lower 48 states was 71.76 Bcf/d in March, a 0.26 Bcf/d (0.4%) decrease compared with 72.02 Bcf/d in February, according to the Energy Information Administration’s (EIA) latest Monthly Natural Gas Gross Production report.
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‘Golden Age’ for Unconventional Gas Needs ‘Golden Rules,’ Says IEA
A “golden age” is on the horizon for natural gas across the globe, but only if the world’s unconventional resources, including shale, tight gas and coalbed methane, are developed profitably and in an environmentally acceptable manner, the International Energy Agency (IEA) said in a sweeping report on Tuesday.
NGV Infrastructure, Vehicle Costs Still Barrier
Higher natural gas prices, even three or four times above current low levels, shouldn’t hinder the switch by transportation fleets to compressed natural gas (CNG) and liquefied natural gas (LNG), an executive said last week. However, higher natural gas production doesn’t guarantee that natural gas vehicle (NGV) infrastructure is a given, and the high cost of vehicles continues to be a deterrent, according to a new report.
Supplier: Higher Natgas Prices Won’t Hurt NGV Competitiveness
Higher natural gas prices, even three or four times above current low levels, won’t harm the switch of fleets to compressed natural gas (CNG) and liquefied natural Gas (LNG) for transportation, according to a supplier of natural gas for transportation.
FERC Report: Shales Boost Production, Lower Prices
Continuing high natural gas production levels driving prices to the sub-$2 level raise concerns of an eventual production bust that could result in higher prices for producers, according to a market report Thursday by FERC’s Office of Enforcement (OE).
Shale Drilling Steady as EIA Detects December Production Slip
Natural gas production in the Lower 48 states declined by 0.2% to 72.54 Bcf/d in December from November’s record 72.68 Bcf/d. It was the first monthly decline in Lower 48 production since February 2011, according to figures released by the Energy Information Administration (EIA).
Obama Touts Gas, Promotes Tax Reform Plan
President Obama promoted his business tax reform proposal and once again detailed the place of natural gas in his “all-out, all-of-the-above” energy strategy during a speech at the University of Miami on Thursday.
Obama Touts Gas While Promoting Commercial Tax Reform Plan
President Obama promoted his business tax reform proposal and once again detailed the place of natural gas in his “all-out, all-of-the-above” energy strategy during a speech at the University of Miami on Thursday.
National Oilwell Varco: ‘Good Demand’ for Oilfield Equipment
Demand for drilling equipment in North America’s onshore continues to be strong, with the backlog of capital equipment orders in rig technology in the final three months of 2011 double year-ago levels, National Oilwell Varco Inc. (NOV) reported Thursday.
EIA: Marcellus Shale Buoyed Lower 48 Production in October
Drilling activity in the Marcellus Shale helped push production in the Lower 48 states to a 1.4% (0.96 Bcf/d) increase in October compared with the previous month, according to the Energy Information Administration (EIA).