Comeback

When natural gas markets make a comeback, an extended foray into horizontal drilling and hydraulic fracturing shows British Columbia will be ready to fulfill expectations of taking over Alberta’s fading role as Canada’s top source of supply growth.

The petrochemical industry in the United States is poised for a “spectacular comeback,” thanks to an abundant supply of feedstock from shale reserves, industry analysts with GlobalData said Monday.

A comeback for coal in the power generation space could come next year on the expected rise in demand for electricity and corresponding increases in natural gas prices to more normal levels, according to global coal mining equipment supplier Joy Global Inc.

In natural gas, Texans have no monopoly on thinking big. When prices make a comeback Canadians — including affiliates of international producers with high profiles in the Lone Star State — say they will be ready to launch the next generation of supplies on a scale deserving to rate as large by any standard.

In natural gas, Texans have no monopoly on thinking big. When prices make a comeback Canadians — including affiliates of international producers with high profiles in the Lone Star State — say they will be ready to launch the next generation of supplies on a scale deserving to rate as large by any standard.

After surviving near-death experiences following the collapse in the energy merchant sector in 2002, The Williams Cos. and El Paso Corp. are both on the comeback trail, Standard & Poor’s (S&P) said in a recent report.

After surviving near-death experiences following the collapse in the energy merchant sector in 2002, The Williams Cos. and El Paso Corp. are both on the comeback trail, Standard & Poor’s (S&P) said in a recent report.

Hitting the comeback trail, El Paso Corp. reported Tuesday its year-end 2005 proved natural gas and oil reserves totaled 2.7 Tcfe, up 22% from 2004. The total included El Paso’s share of proved reserves in Four Star Oil & Gas Co. During 2005, El Paso’s exploration and production (E&P) capital expenditures totaled $1.867 billion, and reserve replacement costs were estimated to be $2.36/Mcfe.

A comeback by Canadian natural gas exporters shows signs of accelerating fast, sharply reversing a decline in 2002 that broke a 14-year winning streak of consecutive annual record sales to the United States.