Constraints

U.S. NatGas Rig Count Won’t Top 450 This Year, Says Analyst

U.S. NatGas Rig Count Won’t Top 450 This Year, Says Analyst

The recent surge in natural gas prices may have provoked some optimism in the energy sector, but it’s not enough to encourage more drilling, according to Barclays Capital, which expects the rig count to not surpass 450 this year.

April 1, 2013

EIA: Pipe Constraints Creating ‘Volatile’ New England Prices

Natural gas pipeline constraints, high international prices and declining production in eastern Canada could all combine to create sometimes volatile New England gas and power prices this winter, according to the Energy Information Administration (EIA).

January 23, 2013

Algonquin, Maritimes Limit Flows Amid Cold

Cold temperatures in the Northeast have prompted constraints on Spectra Energy’s Algonquin Gas Transmission and Maritimes & Northeast (M&N) Pipeline, according to customer notices on the pipelines’ bulletin boards.

November 28, 2012

Southwestern Takes 2Q Hit from Low Gas Prices

Houston-based Fayetteville Shale pioneer Southwestern Energy Co. took a hit last quarter from low natural gas prices in the form of a large ceiling test impairment and lower operating income.

August 6, 2012

Industry Brief

Even if all drilling rigs were removed from the northern Marcellus Shale region and current drilling ceased, dry gas production in northeastern Pennsylvania would continue growing for 16 months, thanks to a large inventory of nonproducing wells and high initial production (IP) rates, Bentek Energy LLC said in a market note. “In fact, if zero rigs were operating there, production could still grow from approximately 4.1 Bcf/d today to 5.4 Bcf/d by September 2013, a 31% increase that results exclusively from working off the existing backlog of 1,000 nonproducing wells in the region,” the firm said. The assumptions in its analysis are that the 12-month average completion rate is carried forward and the average IP rate in the area is 6,500 Mcf/d. A “typical” Marcellus decline curve is also assumed. Potential pipeline capacity constraints were not included in the analysis.

May 25, 2012

Marcellus Boom Sending Rockies Gas Packing

Eastern markets used to look like the Promised Land to Rockies producers. But surging production growth from the Marcellus Shale amounts to a “keep out” sign planted along the side of Kinder Morgan Energy Partners LP’s (KMP) Rockies Express Pipeline (REX).

January 9, 2012

Marcellus and Utica Drilling Heated Up in October

Marcellus Shale drilling rebounded in October, according to recently released figures.

November 10, 2011

Shippers Blame Columbia for System’s Congestion

It wasn’t the overload of Marcellus Shale supplies, but poor planning by Columbia Gas Transmission LLC that “may have created or contributed” to the storage constraints on its system in northern Ohio, Indicated Shippers said in a protest to the pipeline request for a tariff increase.

July 14, 2011

Indicated Shippers Protest Columbia’s Proposal to Resolve Congestion

It wasn’t the overload of Marcellus Shale supplies, but poor planning by Columbia Gas Transmission LLC that “may have created or contributed” to the storage constraints on its system in northern Ohio, Indicated Shippers said in a protest to the pipeline request for a tariff increase.

July 14, 2011

Lawmakers: National Security Depends on Gas, Especially Shale Gas

Eight members of Congress have told President Obama that the United States’ national security interests are dependent on natural gas, and urged the president to support efforts to expand exploration, development and production, especially through hydraulic fracturing (fracking).

July 7, 2011