Anytime

It has been conventional wisdom that with gas rig counts beginning a slow decline recently, production is still rising overall because it is mostly rigs being deactivated in conventional plays rather than those involved in the more prolific shale gas search. However, some market watchers are not buying that argument.

Interest in the Haynesville Shale shows no sign of waning anytime soon. Last week came three more big announcements to expand pipeline capacity from the natural gas shale play.

With oil and natural gas prices soaring, don’t expect oilpatch investments to slow down anytime soon, Raymond James & Associates Inc. said Monday.

Seeking to allay fears that natural gas as a fuel source might fall out of favor anytime soon, AGL Resources CEO John W. Somerhalder II told shareholders Wednesday that current energy market fundamentals are very favorable to natural gas now and for the foreseeable future, given its environmental and efficiency advantages.

With the perception growing in the industry that California won’t site a liquefied natural gas (LNG) terminal anytime soon, the state legislature earlier this month moved Senate Bill (SB) 412 out of the Senate to the lower house Assembly, which would effectively delay for another year action on a proposed LNG receiving site pending a broad natural gas needs study by the California Energy Commission (CEC). Major energy utilities in the state are skeptical because of some of the bill’s provisions. The Assembly will take up the bill later this month or in July before a summer legislative recess.

With the perception growing in the industry that California won’t site a liquefied natural gas (LNG) terminal anytime soon, the state legislature earlier this month moved Senate Bill (SB) 412 out of the Senate to the lower house Assembly, which would effectively delay for another year action on a proposed LNG receiving site pending a broad natural gas needs study by the California Energy Commission (CEC). Major energy utilities in the state are skeptical because of some of the bill’s provisions. The Assembly will take up the bill later this month or in July before a summer legislative recess.

Global Energy Decisions Inc. (GED) said Thursday that high natural gas prices aren’t likely to be leaving anytime soon. In fact, the Boulder, CO-based company, which provides software, consultation and data solutions to the energy industry, said natural gas prices are likely to remain “stubbornly high” for the next few years.

Natural gas prices aren’t coming down anytime soon, at least according to the latest reports by two energy analysts last week. Raymond James last week suggested that the “fair value” for gas may run as high as $10/Mcf, while Stephen Smith Energy Associates pegged gas prices to end the year around $7.85/MMBtu.

Natural gas prices aren’t coming down anytime soon, at least according to the latest reports by two energy analysts last week. Raymond James last week suggested that the “fair value” for gas may run as high as $10/Mcf, while Stephen Smith Energy Associates pegged gas prices to end the year around $7.85/MMBtu.