Low natural gas prices have stifled activity in the dry window of the Eagle Ford Shale in South Texas, but the play’s natural gas liquids (NGL) and crude windows “are hotbeds of activity,” according to veteran industry observer Rusty Braziel, now principal of RBN Energy.
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Range Production Up, On Track for 30% Growth in 2012
Continuing as one of the leading producers in the Marcellus Shale play, Fort Worth, TX-based Range Resources Corp. on Thursday reported increased production of natural gas, liquids and crude oil, while prices were down and initial results were in on Pennsylvania’s newly imposed natural gas impact fee. The fee’s initial charge put overall production taxes at about $13.6 million, or 23 cents/Mcfe, for the first quarter, Range said.
Federal Frack Rules Moving Forward, Says Salazar
Interior Secretary Kenneth Salazar reiterated Tuesday that the Obama administration is continuing to develop draft rules for hydraulic fracturing (fracking) in drilling operations, which he said would not slow the natural gas and oil boom.
Societe Generale: More Bears in Sight for U.S. Gas Markets
The U.S. natural gas supply situation remained bearish at the end of March, despite “historic lows” in Canadian imports and the dry gas Haynesville Shale continuing to lose popularity among exploration and production (E&P) players, according to a review by Societe Generale’s Laurent Key and Stephanie Aymes.
Societe Generale: More Bears in Sight for U.S. Gas Markets
The U.S. natural gas supply situation remained bearish at the end of March, despite “historic lows” in Canadian imports and the dry gas Haynesville Shale continuing to lose popularity among exploration and production (E&P) players, according to a review by Societe Generale’s Laurent Key and Stephanie Aymes.
Analysts See Potential for Coal Switching to Balance Gas Market
Continuing low prices for natural gas could make it possible for the addition of anywhere from 2 Bcf/d to 10 Bcf/d in demand due to displacement of coal-fired power generation, various analysts have estimated.
Analysts See Potential for Coal Switching to Balance Gas Market
Continuing low prices for natural gas could make it possible for the addition of anywhere from 2 Bcf/d to 10 Bcf/d in demand due to displacement of coal-fired power generation, various analysts have estimated.
Mild Weather, Storage Sales Pummel Cash Market; Futures Rise
The cash market continued lower in Friday trading for weekend through Monday delivery as market participants noted continuing mild weather and the movement of gas out of storage into the market. Particular weakness was noted in the desert Southwest, southern California, Rockies and Northeast points.
North Dakota Eyes Funding for Shale Boom
Infrastructure, water and housing upgrades remain priorities in western North Dakota to keep up with the continuing robust growth in oil and gas development, according to a report released Tuesday by Gov. Jack Dalrymple.
NGX Adds Physical Clearing to Three U.S. Hubs
In continuing to increase it’s U.S. presence, Calgary-based Natural Gas Exchange Inc. (NGX), a subsidiary of TMX Group Inc., has added three natural gas hubs in the United States for physical clearing.