Analysis

Just as the natural gas industry unveils a smorgasbord of significant supply growth potential, the power sector is cutting gas from its diet, according to an analysis by Barclays Capital.

Just as the natural gas industry unveils a smorgasbord of significant supply growth potential, the power sector is cutting gas from its diet, according to an analysis by Barclays Capital.

Following a meeting with the chief investment officer for the United States Natural Gas Fund LP (UNG), a team of analysts with Citi Investment Research & Analysis said due to the fund’s rapid growth and significant size, it could be “propping up” front month natural gas prices at the indirect expense of the back end of the natural gas 12-month strip.

Following a meeting with the chief investment officer for the United States Natural Gas Fund LP (UNG), a team of analysts with Citi Investment Research & Analysis said due to the fund’s rapid growth and significant size, it could be “propping up” front month natural gas prices at the indirect expense of the back end of the natural gas 12-month strip.

Junior explorer Triangle Petroleum Corp., which has pinned its hopes on the natural gas potential in Nova Scotia, reported Wednesday that a log analysis of two wells in the Windsor Basin yielded an estimated 89-109 Bcf of original gas in place (OGIP) per section from the Horton Bluff formation.

Canadian Superior Energy Inc. and its partners, BG Group Inc. subsidiary BG International Ltd. and Challenger Energy Inc., have reported a new natural gas discovery about 60 miles off Trinidad.

While there are no hard estimates, an early analysis presented to state energy policymakers last Tuesday indicates the costs to California’s retail energy utility customers will increase up to 30% to pay for stepped up renewable and energy efficiency programs enabling the state to meet its highly touted goal of reducing its overall greenhouse gas (GHG) emissions to 1990 levels by 2010.

While there are no hard estimates, an early analysis presented to state energy policymakers Tuesday indicates the costs to California’s retail energy utility customers will increase up to 30% to pay for stepped up renewable and energy efficiency programs enabling the state to meet its now highly touted goal of reducing its overall greenhouse gas (GHG) emissions to 1990 levels by 2010.

An analysis of Gulf of Mexico (GOM) oil and natural gas production data spanning 45 years determined that the average annual impact from hurricanes is “relatively modest,” and the impact on supply is “typically short-lived,” according to energy consultant IHS.