Fresh off an asset streamlining and an Eaglebine joint venture (JV) formation with EOG Resources Corp. (see Shale Daily, March 26), Houston-based ZaZa Energy Corp. executives are touting their heavy weighting to the emerging stacked South Texas play and said what’s learned from the JV will add value to the company’s 100% owned acreage.
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Tennessee Gas Pipeline Co. LLC is holding a binding open season through Aug. 20 for firm capacity on the Rose Lake Expansion Project, which would provide incremental firm capacity from Zone 4 receipt points between Stations 321 and 313 to delivery points at its existing interconnection with National Fuel Gas Supply at Rose Lake and the Zone 4 Station 219 Pool. Tennessee said it expects firm capacity for the expansion project to be around 230,000 Dth/d, with an in-service date of Nov. 1, 2014. The company is also offering additional limited term capacity from mutually agreeable receipt points in Zone 4 between Tennessee’s Stations 321 and 313, the Rose Lake interconnection with National Fuel and/or the Station 219 Pool. The company is specifically offering up to 55,000 Dth/d from Nov. 1, 2014 to Oct. 31, 2016, and up to 15,000 Dth/d from Nov. 1, 2016 to March 31, 2017, all to Rose Lake/Station 313.
Although it recently dropped out of a Western Canada gas-to-liquids (GTL) project with Sasol Canada (see Shale Daily, June 29), Talisman Energy Inc. still foresees monetizing its Montney Shale reserves through “some form of conversion process,” CEO John Manzoni told financial analysts during an earnings conference call. Manzoni said the Montney resource is “big enough, it’s strategic enough, it’s material enough to be in some form of conversion process, which naturally now is more likely to be LNG [liquefied natural gas] then GTL, if that’s the case.” Multiple projects have been proposed to liquefy western Canadian gas and ship it to overseas markets (see Shale Daily, July 31). Manzoni alluded to the LNG projects and said, “…in the context of all of that, we are considering all options and continue to do so…for our Montney resource, how best to create the maximum value for Talisman at the right time for our Montney resource, which is very big and very strategic.”
Exploratory well completions rose during the first quarter, but oil and natural gas drilling fell 28% from the comparable period last year, according to the American Petroleum Institute’s (API) well completion report for the first quarter.
Natural gas production from the nation’s shale plays now accounts for more than one-quarter of U.S. production, compared with 5% in 2007, and is helping to keep gas prices among the lowest in a decade, according to FERC’s Office of Enforcement (OE).
A Republican proposal to place the reforms under the Dodd-Frank Wall Street Reform Act on hold until foreign regulators implement comparable regulations has come under fire at the Commodity Futures Trading Commission (CFTC).
A Republican proposal to place the reforms under the Dodd-Frank Wall Street Reform Act on hold until foreign regulators implement comparable regulations came under fire at the Commodity Futures Trading Commission (CFTC).
Global gas producer BG Group plc, which has substantial production under way in the Haynesville Shale and growing output in the Marcellus, said Tuesday its net production in the United States by 2015 will nearly double to 190,000 boe/d from the current 100,000 boe/d.
Estimates of the recoverable natural gas resources in British Columbia’s Horn River Basin now appear to average around 37 Tcf, which would be comparable in size to the gas reserves of Alaska’s North Slope, a preliminary analysis by Wood Mackenzie suggests.