A rebound in U.S. natural gas prices and drilling activity may be three or four years away, a Wood Mackenzie energy analyst told attendees at the Colorado Oil & Gas Association’s Rocky Mountain Energy Epicenter Conference.
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Articles from Colorado
ExxonMobil’s Piceance Field Gas Processor Ramps Up
New natural gas field processing capacity is up and running in Colorado’s Piceance Basin to accommodate growing production by ExxonMobil Production Co., the producer said last week.
ExxonMobil’s Piceance Field Gas Processor Ramps Up
New natural gas field processing capacity is up and running in Colorado’s Piceance Basin to accommodate growing production by ExxonMobil Production Co., the producer said Monday.
CSU Team Lowers Hurricane Estimates — Again
For the second time this spring Colorado State University (CSU) forecasters have cut their 2009 Atlantic hurricane forecast, saying they now foresee slightly below-average tropical storm activity and slightly below-average probability of a major hurricane hitting the United States.
CSU Forecast: Still Fewer Hurricanes This Year
For the second time this spring Colorado State University (CSU) forecasters have cut their 2009 Atlantic hurricane forecast, saying they now foresee slightly below-average tropical storm activity and slightly below-average probability of a major hurricane hitting the United States.
People
Steven L. Mueller has been promoted to CEO of Southwestern Energy Co. Mueller joined Southwestern in June 2008 as president and COO. A graduate of the Colorado School of Mines, Mueller previously worked for Tenneco Oil Co., Fina Oil Co., American Exploration Co., Belco Oil & Gas Co., The Houston Exploration Co. and CDX Gas LLC. Harold M. Korell, who is stepping down as Southwestern’s CEO, was appointed to serve as executive chairman until his retirement in early 2010, after which he would become the nonexecutive chairman.
Fewer Atlantic Hurricanes Forecast by CSU
Colorado State University (CSU) last week lowered its Atlantic hurricane forecast for 2009 to 12 named storms, with at least half of them likely to become hurricanes. Two of the storms are expected to develop into intense or major hurricanes (Saffir/Simpson Category 3-4-5) with sustained winds of 111 mph or more.
CSU Cuts Two Storms from Atlantic Hurricane Forecast
Colorado State University (CSU) Tuesday lowered its Atlantic hurricane forecast for 2009 to 12 named storms, with at least half of them likely to become hurricanes. Two of the storms are expected to develop into intense or major hurricanes (Saffir/Simpson Category 3-4-5) with sustained winds of 111 mph or more.
Transportation Notes
CIG canceled Wednesday the force majeure that it had declared Feb. 25 at Kim Compressor Station near the Picketwire Constraint point (PWC) in southern Colorado following an unforeseen mechanical outage of one compressor unit. Capacity at PWC was restored to 414 MMcf/d from 355 MMcf/d, CIG said.
Meeker Processing Complex Second Phase in Operation
The Meeker II gas processing plant in Colorado’s Piceance Basin has begun operations, doubling the capacity at the Meeker complex to 1.5 Bcf/d with the capability to extract up to 70,000 b/d of natural gas liquids (NGL), Enterprise Products Partners LP said last Thursday. The partnership also began operations at its recently expanded Shilling and Thompsonville processing plants in South Texas and expects its relocated Chaparral facility in the Permian Basin to begin processing gas later in March.