Citing

Rail Transport Still Viable Alternative, Enbridge CEO Says

Citing its plans for expanding its reach from Canada and the Bakken to the U.S. East Coast, Enbridge Inc. reaffirmed its intention to use pipeline-to-rail strategies for expanding to the Philadelphia and other mid-Atlantic eastern markets during a conference call to unveil its latest financial and capital expansion plans to analysts and the news media.

December 11, 2012

EIA Annual Report: Rising Tide of Shale Gas Through 2040

Citing the onslaught of shale gas volumes, the Energy Information Administration (EIA) last Wednesday projected that dry natural gas production will increase significantly throughout 2040, eclipsing domestic consumption by 2020 and spurring net exports of natural gas sooner than the agency had expected.

December 10, 2012
EIA: Shale ‘Central’ to Earlier Transition to NatGas Exports

EIA: Shale ‘Central’ to Earlier Transition to NatGas Exports

Citing the onslaught of shale gas volumes, the Energy Information Administration (EIA) Wednesday projected that dry natural gas production will increase significantly throughout 2040, outpacing domestic consumption by 2020 and spurring net exports of natural gas sooner than the agency had expected.

December 7, 2012

West Virginia Supreme Court Rules Against Landowners

The West Virginia Supreme Court of Appeals has ruled that state law doesn’t give landowners the right to seek judicial review of well permits issued by the Department of Environmental Protection (DEP). However, the appeals court urged lawmakers to consider changing the law to give landowners more say.

November 29, 2012

Someone’s Talking About DOE’s LNG Export Consultant

On Monday Reuters, citing unnamed sources, reported that a much-anticipated report commissioned by the U.S. Department of Energy (DOE) on the domestic market impacts of exporting liquefied U.S. gas is being prepared by NERA Economic Consulting. However, neither DOE nor the consultancy would confirm this.

November 21, 2012

Venoco: California’s Urban, Monterey Shale Player

Denver-based exploration and production (E&P) independent Venoco Inc. drew attention in a recent financial commentary citing the renewed oil/gas production in formerly depleted fields in and around Los Angeles as proof that E&P activity can coexist in heavily populated urban areas (see Daily GPI, July 8).

October 2, 2012

Cheap Natural Gas Helped Kill Exelon’s Texas Nuclear Plans

Citing low natural gas prices as being among the economic drivers, power giant Exelon Corp. said Tuesday it is giving up plans to build nuclear power facilities near Victoria, TX.

August 31, 2012

Cabot Gas, Liquids Output Jumps in 2Q

Citing continued downward pressure on natural gas prices, Houston-based Cabot Oil & Gas Corp. on Wednesday reported a 40% increase in production but decreased earnings in the second quarter from a year ago. Both natural gas and liquids production continued to soar, up 37% and 96%, respectively, CEO Dan Dinges said during a conference call with financial analysts.

July 30, 2012

Cabot Liquids Production Up, Profits Down on Low Gas Prices

Citing continued downward pressure on natural gas prices, Houston-based Cabot Oil & Gas Corp. on Wednesday reported a 40% increase in production but decreased earnings in the second quarter from a year ago. Both natural gas and liquids production continued to soar, up 37% and 96%, respectively, CEO Dan Dinges said during a conference call with financial analysts.

July 26, 2012

EVs vs. NGVs: Price Volatility Questioned

Citing a 2010 Massachusetts Institute of Technology’s (MIT) natural gas study, Sen. Al Franken (D-MN) on Tuesday questioned the efficiency of using natural gas supplies to produce electricity to power electric vehicles (EV), rather than pushing natural gas vehicles (NGV) as competitors to EVs.

July 26, 2012