Comstock Resources Inc.’s second quarter results took a beating from “extraordinarily low natural gas prices,” but the company continues to shift to oil in a big way and just sealed a joint venture (JV) for its “growth engine” Eagle Ford Shale acreage. Comstock expects good things to come from the Permian Basin and plans to hold on to its Haynesville-Bossier Shale acreage in anticipation of better days for dry gas.
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Panda’s Central Texas Gas-Fired Power Plant Eyes Late 2014 Start-Up
Natural gas continues to be the fuel of choice for new power plant builds. Panda Power Funds’ Affiliate Panda Temple Power LLC has successfully completed financing on its planned 758 MW gas-fired, combined-cycle power plant in Temple, TX.
Perryville Hub Services Evolving with Market
The Perryville Hub in North Louisiana continues to raise its profile in the Gulf Coast region on the shoulders of Midcontinent shale gas production and growing gas-fired power generation demand in the Southeast. Pipeline operators are responding with efforts to streamline trading at the location with the expectation that it will become the supply-demand crossroads for shale gas and power plants.
Pipelines Tying Shales to Power at Perryville
The Perryville Hub in North Louisiana continues to raise its profile in the Gulf Coast region on the shoulders of Midcontinent shale gas production and growing gas-fired power generation demand in the Southeast. Pipeline operators are responding with efforts to streamline trading at the location with the expectation that it will become the supply-demand crossroads for shale gas and power plants.
Pipelines Making Perryville a Shale-Power Link
The Perryville Hub in North Louisiana continues to raise its profile in the Gulf Coast region on the shoulders of Midcontinent shale gas production and growing gas-fired power generation demand in the Southeast. Pipeline operators are responding with efforts to streamline trading at the location with the expectation that it will become the supply-demand crossroads for shale gas and power plants.
Study: Fayetteville Shale Saved Arkansas from ‘Lost Decade’
The bloom has been off the dry gas rose for a while now, but the Fayetteville Shale continues to provide Arkansas with a bouquet of economic activity and job creation, according to a new study.
Study: Fayetteville Shale Saved Arkansas from ‘Lost Decade’
The bloom has been off the dry gas rose for a while now, but the Fayetteville Shale continues to provide Arkansas with a bouquet of economic activity and job creation, according to a new study.
ConocoPhillips Shuts In More Gas
ConocoPhillips, which early this year curtailed about 100 MMcf/d of domestic natural gas, continues to shut in “around 9,000 boe/d” in North America’s onshore because of low gas prices and more may be curtailed following further evaluation, CFO Jeffrey Sheets said last week. Encana Corp. also said last week it was curtailing more onshore gas (see related story).
Chesapeake Eyes IPO for Oilfield Services Unit
Chesapeake Energy Corp., which continues to shed assets or secure partners to pare debt, late Monday laid plans to launch its diverse onshore oilfield services unit through an initial public offering (IPO), but the separate company would continue to be closely tied to its main customer, the Oklahoma City-based producer.
PG&E: Pipeline Recordkeeping Still Struggling to Catch Up
While Pacific Gas and Electric Co. (PG&E) continues to pay a heavy price in state regulatory penalties and fines for its response to the San Bruno natural gas transmission pipeline rupture and explosion, the San Francisco-based utility still struggles with an intensive effort to modernize its gas system recordkeeping.