Appear

The export of liquefied natural gas (LNG) from the United States would appear to have significant backing from American voters, according to the results of a new American Petroleum Institute (API) poll conducted by Harris Interactive.

Three of the many proposed Lower 48 liquefied natural gas (LNG) export projects appear likely to receive U.S. Department of Energy (DOE) blessing, and three Canadian projects that have government approvals will be held back by supply contracting and pipeline development, Moody’s Investors Service said in a note last week.

Three of the many proposed Lower 48 liquefied natural gas (LNG) export projects appear likely to receive U.S. Department of Energy (DOE) blessing, and three Canadian projects that have government approvals will be held back by supply contracting and pipeline development, Moody’s Investors Service said in a note Wednesday.

A Pennsylvania official said royalties from Marcellus Shale natural gas drilling on public lands will add about $60 million to state coffers this year.

Consol Energy Inc. announced Monday that it plans to spend most its capital expenditure (capex) budget in 2013 on natural gas production in the Marcellus and Utica shales, and will sell millions in other assets.

Gas-to-coal switching, which has drained some of the excess domestic gas stores, will tell the tale about 2013 natural gas prices, with gas expected to continue to gain in the first six months, while coal regains some of its losses in the second half of the year, according to Raymond James & Associates Inc.

While natural gas production is booming in Pennsylvania, applications to drill unconventional wells in the state appear to have fallen off a cliff in the last three months while the number of wells spudded has been slowly declining for almost a year, indicating producers in the Marcellus and Utica shales have gotten the gas glut message.

While natural gas production is booming in Pennsylvania, applications to drill unconventional wells in the state appear to have fallen off a cliff in the last three months while the number of wells spudded has been slowly declining for almost a year, indicating producers in the Marcellus and Utica Shales have gotten the gas glut message.

The costs to build and operate upstream natural gas and oil facilities appear to be escalating and should continue to rise, driven by increased costs in drilling rig dayrates, equipment and oilfield services, according to IHS Inc.