Attention

Produced water from natural gas shale deposits has drawn a lot of attention nationwide, but that focus soon may turn to produced water in coalbed methane (CBM) operations, according to the results of a new study.

Produced water from natural gas shale deposits has drawn a lot of attention nationwide, but that focus soon may turn to produced water in coalbed methane (CBM) operations, according to the results of a new study.

Hot weather from the mid 80s to around 110 was expected to dominate the next-day forecast, but that failed to sway cash traders, who paid more attention to continuing futures weakness in sending prices lower at virtually all points Tuesday.

Producers seeking better returns than dry gas provides these days have turned much of their attention to natural gas liquids (NGL)-rich plays, hoping to capitalize on strong NGL economics. This has sparked a midstream infrastructure buildout that could ultimately rustle NGL flow patterns as products from new supply areas seek markets.

Turning attention from the war in Afghanistan and health care reform, President Obama last Thursday highlighted the nation’s economy and employment situation through a jobs summit that was met with mostly positive reviews from the energy industry.

Turning attention from the war in Afghanistan and health care reform, President Obama on Thursday highlighted the nation’s economy and employment situation through a jobs summit that was met with mostly positive reviews from the energy industry.

Reps. Tim Murphy (R-PA) and Dan Boren (D-OK) are laying the groundwork for a bipartisan Congressional Natural Gas Caucus to focus greater attention on natural gas on Capitol Hill.

While pre-paid, long-term natural gas purchases by consortiums of public-sector utilities are still attracting attention, at least one major muni financing arm, the Southern California Public Power Authority (SCPPA), has moved away from prepaid gas. Instead, SCPPA is adding natural gas reserves and carrying out almost a perpetual bidding program for new renewable projects.

Dismal natural gas prices, which EOG Resources Inc. expects will linger for a while, have turned the company’s attention from gas to crude oil and liquids production. The shift in focus will eventually change EOG’s production profile to roughly 50% liquids, but that doesn’t mean gas activity will be forsaken as the Barnett Shale and other plays continue to offer an abundance of supply, CEO Mark G. Papa told financial analysts last Tuesday.