Book

Tens of thousands of acres in Utah if leased for oil and gas exploration could generate hundreds of millions of dollars for the state’s schoolchildren. But Gov. Gary Herbert said a decision to lease land to Anadarko Petroleum Corp. should be reconsidered as the acreage could have even more value if managed differently.

In the midst of calls to “throw the book” at Pacific Gas and Electric Co. (PG&E) after the San Bruno natural gas transmission pipeline explosion (see Daily GPI, June 7), a California regulator on Thursday found reason to praise the often-criticized San Francisco-based combination utility.

What explorers know about the Mississippian Lime formation could fill a book. What they don’t know about the Midcontinent play could fill a few more, industry experts said last week.

What explorers know about the Mississippian Lime formation could fill a book. What they don’t know about the Midcontinent play could fill a few more, industry experts said Wednesday.

CF Industries Holdings Inc., an agricultural fertilizer manufacturer and distributor, reported record third quarter earnings on Tuesday and said low natural gas costs were part of a favorable outlook for 2013.

Because of the timing of the decrease in natural gas prices, and a “timely hedge book,” exploration and production (E&P) companies mostly have “coasted” through 1Q2012’s borrowing base season, but there may come a point when commercial banks may not continue to use a lending gas price deck well above strip prices, the energy team at Raymond James & Associates Inc. said last week.

Because of the timing of the decrease in natural gas prices, and a “timely hedge book,” exploration and production (E&P) companies mostly have “coasted” through 1Q2012’s borrowing base season, according to energy analysts with Raymond James & Associates Inc. However, commercial banks may not continue to use a lending gas price deck well above strip prices, wrote Kevin Smith, John Freeman and Justin Albert in a note to clients.

EQT Midstream Partners LP, a unit of Appalachian producer EQT Corp., is preparing to launch a public offering as a master limited partnership (MLP). The initial public offering (IPO) is expected to raise up to $250 million.

Shale basins have rewritten the book on natural gas supply, and now they’re turning the outlook for natural gas liquids (NGL) on its head. Next will be crude oil as the technology transfer to these plays takes hold in earnest, according to an analysis expected to be finished in about three weeks.