The Appalachian Basin has ample amounts of undeveloped ethane and no nearby place to sell it, but the numerous proposals to ship it to move it elsewhere remain challenged by the marketplace, several project sponsors told an audience in Pittsburgh on Oct. 21.
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Eagle Ford Drilling Said Using Less Water than Cities, Farms
Natural gas wells in the booming Eagle Ford Shale in South Texas will use significantly less amounts of water for hydraulic fracturing (fracking) compared to municipalities and farmers in the region, a water expert said.
Report: Eagle Ford Fracking Will Take Less Water Than Other Uses
Natural gas wells in the booming Eagle Ford Shale in South Texas will use significantly less amounts of water for hydraulic fracturing (fracking) compared to municipalities and farmers in the region, a water expert said.
Prices Again See Small Gains at Nearly All Points
Prices continued to rise by mostly small amounts at a large majority of locations Thursday. There was no support from moderate weather in most regions, and the previous day’s prompt-month futures gain of 0.2 cent wasn’t much of a cash market booster. But the acceleration of Atlantic tropical activity — including Tropical Storm Nate possibly entering the Gulf of Mexico (GOM) production area — undoubtedly weighed on traders’ minds.
Price Gains Grow, But Holiday Weekend Nearing
Prices shot higher by double-digit amounts nearly across the board Thursday as a palpable threat to Gulf of Mexico (GOM) production grew more intense, cash numbers had substantial support from the previous day’s 14.5-cent futures rise, and some regions such as the Midwest were heating up, although their contribution to cooling load was likely to be brief.
Prices Keep Falling Despite Lots of Heat
Prices continued to drop by generally small amounts at nearly all points Thursday despite cooling load remaining heavy in some areas. A few cooling trends and the previous day’s downturn of 6.5 cents by prompt-month futures were primary components of the cash market softness.
Don Fizzles, But Rising Heat Rallies Most Points
The market rallied by generally small amounts Monday from the overall weakness it was experiencing going into the weekend. Although Tropical Storm (TS) Don had long since dissipated over South Texas and forecasts going out to mid-August are more moderate than before, heat is building to high — sometimes severe — levels in much of the U.S., especially in the central region and parts of the desert Southwest.
Bakken Play Bigger Than Prudhoe Bay, E&P CEO Says
The Bakken play in North Dakota and parts of Montana holds a potential 24 billion boe in oil, liquids and natural gas, according to the CEO of one of the Bakken’s pioneering independent exploration and production (E&P) companies.
Quebec to Enact New Royalty Regime for Shale Gas
Quebec said Thursday a new royalty regime for shale gas will take effect in the province once it concludes a two-year strategic environmental assessment of the industry.
Most Points Up Slightly While Northeast Retreats
Prices increased by generally small amounts at nearly all locations Tuesday outside the Northeast. As a Midcontinent producer had suggested a day earlier, storage holders under no requirements of an account-emptying deadline likely were continuing to replace gas that had gotten withdrawn during the previous two weeks. And albeit minuscule, cash had a tad of support from Monday’s futures rally of 1.5 cents.