Becomes

Range Resources Corp. expects capital spending to be flat from 2011 to 2012 as the company becomes more efficient in the Marcellus Shale and completes its sale of assets in the Barnett Shale, but to rise in 2013 as the company increases drilling.

Range Resources Corp. expects capital spending to be flat from 2011 to 2012 as the company becomes more efficient in the Marcellus Shale and completes its sale of assets in the Barnett Shale, but to rise in 2013 as the company increases drilling.

As energy storage generally becomes more important economically, a natural gas storage field proposed for an existing suburban residential area in Sacramento, CA, has its backers lamenting the political dust being stirred up (see Daily GPI, March 16). Nevertheless, the head of Sacramento Natural Gas Storage told NGI Wednesday he thinks the project ultimately will prevail.

Natural gas wells in Texas would have to be at least 1,200 feet from public schools if a bill filed Monday in the state legislature becomes law, but a group advocating the interests of Fort Worth neighborhoods says it wants wells to be one mile or more from the schoolhouse.

Rick Smead, a director in Navigant Consulting Inc.’s Energy Practice, co-authored the firm’s 2008 North American Natural Gas Supply Assessment, which was considered a breakthrough in recognizing the potential of unconventional natural gas supplies. However, many of the two-year-old supply assumptions already need to be updated because of remarkable advancements in technology, he said Wednesday.

The energy industry likely will compete for freshwater resources across the globe as water becomes more strategically significant, the World Economic Forum and Cambridge Energy Research Associates (CERA) reported.

As Canadian imports decline and liquid natural gas (LNG) becomes a key element in U.S. supply, demand fluctuations in other parts of the world will have more of an effect on prices in the United States than ever before. Storage limitations in Korea, a Japanese nuclear reactor being knocked off line by an earthquake or other overseas events can have major impacts on prices in the United States, a ConocoPhillips executive said.

As Canadian imports decline and LNG becomes a key element in U.S. domestic supply, demand fluctuations in other parts of the world will have more of an effect on prices in the U.S. than ever before. Storage limitations in Korea, a Japanese nuclear reactor being knocked off line by an earthquake or other overseas events can have major impacts on prices in the U.S., a ConocoPhillips executive said.

With each new negative vote from a little coastal town in Maine it becomes less likely that the state will be the home of a liquefied natural gas (LNG) import terminal. While that certainly is not good news for gas consumers in the state, including the 1,500 MW of gas-fired power generation, state officials believe there will be enough gas coming south from two LNG import terminals in Canada to serve gas demand growth.