The ongoing oversupply of natural gas hasn’t deterred most independent exploration and production (E&P) companies from maintaining a robust drilling pace in the shale plays because of the shift by many to crude and natural gas liquids (NGL) for margin relief, Moody’s Investors Service said in a report.
Base
Articles from Base
Range Resources Disclosing Fracing Chemicals
Range Resources Corp. said last Wednesday it will voluntarily disclose additives to the hydraulic fracturing (hydrofracing) fluids it is using in its Marcellus Shale well stimulation activities to the Pennsylvania Department of Environmental Protection (DEP). The move follows numerous questions raised by environmentalists about the content of frac fluids that the industry uses.
Range Resources Disclosing Marcellus Frac Fluid Additives
Range Resources Corp. said Wednesday it will voluntarily disclose additives to the hydraulic fracturing (hydrofracing) fluids it is using in its Marcellus Shale well stimulation activities to the Pennsylvania Department of Environmental Protection (DEP). The move follows numerous questions raised by environmentalists about the content of frac fluids that the industry uses.
Transportation Notes
Due to engine maintenance at several compressor stations along its Southeast Mainline (SEML), ANR anticipates the following SEML capacity reductions (from a 1,399 MMcf/d base): 285 MMcf/d Dec. 2-7, 105 MMcf/d Dec. 8-18 and 70 MMcf/d Dec. 19-31. “Based on current nominations, it is anticipated that the above reductions may result in the curtailment of Firm Secondary and IT services,” ANR said.
Coast Guard Establishes LNG Facility in Texas
The U.S. Coast Guard has established the Liquefied Gas Carrier National Center of Expertise in Port Arthur, TX, to serve as its base for the supervision of liquefied natural gas (LNG) tankers. The Coast Guard is charged with ensuring that tankers meet international and domestic standards for construction and operation that promote the safe transport of LNG.
Fitch Cuts U.S. Gas Price for 2009 to $4.25
Fitch Ratings is no longer optimistic about a rebound in natural gas prices this year, and late Thursday the credit ratings agency cut its 2009 base case price deck for gas to $4.25/Mcf (Henry Hub) because of the protracted global economic slump.
WY Lawmakers Focus on Carbon Capture
Looking to shore up its resources and renewable base, along with creating a national model, the Wyoming legislature is considering at least three more bills this session dealing with carbon sequestration and some of the nontechnical barriers it faces. Heading the charge is a Gillette, WY, legislator Tom Lubnau, who responded last Wednesday to questions from NGI.
Wyoming Lawmakers Focus on Carbon Sequestration
Looking to shore up its resources and renewable base, along with creating a national model, the Wyoming legislature is considering a least three more bills this session dealing with carbon sequestration and some of the nontechnical barriers it faces. Heading the charge is a Gillette, WY, lawyer/legislator, Tom Lubnau, who responded Wednesday to questions from NGI.
Barclays, Moving on Up, Picks Up UBS Book
Barclays Capital, the investment banking division of Barclays PLC, made it official Friday, announcing it was taking over the UBS book for its base metals, oil and U.S. natural gas and power trading, adding it to its Lehman Brothers Inc. holdings, which it picked up last September. The two acquisitions would put Barclays in the top 10 North American natural gas marketers in NGI’s ranking.
Barclays, Moving on Up, Picks Up UBS Book
Barclays Capital, the investment banking division of Barclays PLC, made it official Friday, announcing it was taking over the UBS book for its base metals, oil and U.S. natural gas and power trading, adding it to its Lehman Brothers Inc. holdings, which it picked up last September. The two acquisitions could put Barclays in the top 10 North American natural gas marketers in NGI’s ranking.