Abundant

Abundant production from gas shale plays last year and so far this year is starting to be felt in the natural gas pipeline and storage sector, according to analysts at Standard & Poor’s Ratings Services (S&P). During a briefing last Tuesday they suggested that some pipes could face recontracting pressures and some premium storage services could lose a little pricing power.

Abundant production from gas shale plays last year and so far this year is starting to be felt in the natural gas pipeline and storage sector, according to analysts at Standard & Poor’s Ratings Services (S&P). During a briefing Tuesday they suggested that some pipes could face recontracting pressures and some premium storage services could lose a little pricing power.

Abundant gas supplies make for a “bleak picture” for gas producers in the near term, Bentek Energy LLC CEO Porter Bennett said last week. While prices will stay in a $3.50-5.50 range for a while, this will ultimately spur demand, particularly among power generators, he posited, and that will be the cure for low prices. But until then — two or three years from now — things will continue to be interesting.

Abundant gas supplies make for a “bleak picture” for gas producers in the near term, Bentek Energy LLC CEO Porter Bennett said Tuesday. While prices will stay in a $3.50-5.50 range for a while, this will ultimately spur demand, particularly among power generators, he posited, and that will be the cure for low prices. But until then — two or three years from now — things will continue to be interesting.

Pennsylvania Department of Environmental Protection Sec. John Hanger pointed to the cleanup problems the state continues to deal with concerning another abundant natural resource as a situation no one wants to face again. He believes drilling for natural gas in the huge Marcellus Shale reserve doesn’t occur without potential problems.

Will this country’s abundant, home-grown natural gas shale resources reach their full potential as a bridge fuel to a clean, green energy future or will market forces and onerous government restrictions combine to ratchet down their explosive development? Industry leaders at the 24th annual GasMart will be discussing how companies now are moderating their spending on natural gas development while emphasizing oil and liquids-rich properties, just as the economy and industrial markets are coming back to life.

Will this country’s abundant, home-grown natural gas shale resources reach their full potential as a bridge fuel to a clean, green energy future or will market forces and onerous government restrictions combine to rachet down their explosive development? Industry leaders at the 24th annual GasMart will be discussing how companies now are moderating their spending on natural gas development while emphasizing oil and liquids-rich properties, just as the economy and industrial markets are coming back to life.

Will this country’s abundant, home-grown natural gas shale resources reach their full potential as a bridge fuel to a clean, green energy future or will market forces and onerous government restrictions combine to rachet down their explosive development? Industry leaders at the 24th annual GasMart will be discussing how companies now are moderating their spending on natural gas development while emphasizing oil and liquids-rich properties, just as the economy and industrial markets are coming back to life.

Abundant supplies have changed the North American natural gas game, and EnCana Corp. said last week that as a low-cost producer with large positions in unconventional gas basins it is poised to double its production in the next five years.