There is money to be made in exporting liquefied U.S. natural gas, but not as much as many might think, or as consistently as some might hope, according to an analysis by Raymond James & Associates.
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$90/bbl Brent Crude Makes U.S. LNG Exports Economic, Analysts Say
There is money to be made in exporting liquefied U.S. natural gas, but not as much as many might think, or as consistently as some might hope, according to an analysis by Raymond James & Associates.
Industry Briefs
Range Resources Corp. won permission from a Texas appeals court to proceed with a defamation lawsuit seeking $3 million in damages from a man who accused the company of tainting his drinking water with drilling activities in the Barnett Shale (see Shale Daily, April 4). Two of the company’s claims against Steven Lipsky were allowed to stand by the Second Court of Appeals in Fort Worth. However, it ordered the trial court in Weatherford, TX, to dismiss Range’s claims against Lipsky’s wife, Shyla, and environmental consultant Alisa Rich, who was hired to assist in the lawsuit. The plaintiffs have claimed that Range tainted the Lipsky water well, but the Railroad Commission of Texas found otherwise after it investigated. While the U.S. Environmental Protection Agency also had blamed Range for contaminating the well, the agency later backed down (see Shale Daily, Feb. 13; Feb. 21, 2012).
Transportation Notes
Pacific Gas and Electric, which has had simultaneous Stage 1 low-inventory/high-inventory OFOs in effect consistently on its California Gas Transmission system since it began them July 8 due to lower pressures from pipe remediation work (see Daily GPI, July 8), said it will have an OFO-free gas day Thursday.
Pennsylvania ‘More Consistently’ Enforcing Drilling Regs, Says Krancer
The Pennsylvania Department of Environmental Protection (DEP) is working to “more consistently” enforce natural gas drilling regulations in various regions of the state, DEP Secretary Mike Krancer said Thursday.
Gas Marketers’ Mantra: Be Reliable
The North American natural gas marketers that consistently have led NGI’s quarterly sales surveys appear to have one belief in common: be reliable.
Gas Marketers’ Mantra: Be Reliable
The North American natural gas marketers that consistently have led NGI’s quarterly sales surveys appear to have one belief in common: be reliable.
ExxonMobil to Expand Piceance Drilling, Plump North American Portfolio
ExxonMobil Corp. expects to ramp up more than 20 new global oil and natural gas projects in the next three years that at their peak will add 1 MMboe/d to the producer’s base volumes. Scheduled U.S. start-ups between 2008 and 2009 are the Piceance Tight Gas Phase 1 project in the Rocky Mountains, the deepwater Thunder Horse platform in the Gulf of Mexico and the Golden Pass LNG [liquefied natural gas] import terminal near Sabine Pass, TX.
El Paso’s Pipeline Chief to Leave Company
John W. Somerhalder II, who guided El Paso Corp.’s one consistently profitable business in the past four turbulent years — the natural gas pipeline unit — will leave the company effective April 30, the company said Wednesday. No reasons were given for his departure.
El Paso’s Pipeline Chief to Leave Company
John W. Somerhalder II, who guided El Paso Corp.’s natural gas pipeline unit — the one consistently profitable business in the past four turbulent years — will leave the company effective April 30, the company said Wednesday. No reasons were given for his departure. Daily GPI May 14, 2003 March 13, 2003