Copyright

Industry Briefs

Due to the rapid rise in the development of unconventionals, natural gas surpassed coal as the most-produced domestic fuel in 2011, the Energy Information Administration (EIA) said. Gas production was 23.5 quadrillion Btu (quads) in 2011 compared to coal’s 22.2 quads. Gas accounted for nearly 39% of the 60.6 quads of domestic fossil fuel produced in 2011, which exceeded the previous record of 59.3 quads in 1998. One quad is equal to about 1 Tcf of natural gas. Crude oil production, which experienced a long decline from 20.4 quads in 1970 to 10.5 quads in 2008, rose to almost 12 quads in 2011, the EIA said. Natural gas liquids (NGL) climbed to their highest level, 2.9 quads in 2011. Overall in 2011, the United States produced about 78 quads of energy, more than at any point in the nation’s history. More than three-quarters of the energy production came from nonrenewable fossil fuels: coal, natural gas, crude oil and NGLs. But despite rising production, the agency said the United States remained a net energy importer, consuming more than 97 quads of energy in 2011.

December 17, 2012

ExxonMobil: Natural Gas to Unseat Coal As No. 2 Fuel by 2025

By 2025 natural gas is expected to overtake coal as the second most used fuel worldwide and North America will have transitioned to become a net energy exporter, while by 2040 global energy demand will have increased by almost 35% from 2010 levels, according to ExxonMobil Corp.’s Outlook for Energy: A View to 2040, which was released last week.

December 17, 2012

Ohio Judge: Landowners May Accept Better Leases

An Ohio judge has ruled that landowners who signed oil and natural gas leases with Chesapeake Exploration LLC have the right to accept better offers from competitors, as long as the original lease is in the primary term, drilling hasn’t started and Chesapeake fails to match the offer.

December 17, 2012

ExxonMobil: Natural Gas to Unseat Coal As No. 2 Fuel by 2025

By 2025 natural gas is expected to overtake coal as the second most used fuel worldwide and North America will have transitioned to become a net energy exporter, while by 2040 global energy demand will have increased by almost 35% from 2010 levels, according to ExxonMobil Corp.’s Outlook for Energy: A View to 2040, which was released Tuesday.

December 12, 2012

U.S. LNG Exports Study Sees Net Benefits

Exporting liquefied domestic natural gas to world markets would generate a net benefit to the U.S. economy, and the more liquefied natural gas (LNG) that’s exported, the greater the benefit, according to a macroeconomic analysis of the impact of LNG exports commissioned by the U.S. Department of Energy (DOE) and released for public comment Wednesday.

December 10, 2012

North America May Become Top Global Producer

With the right regulations and a “common market” among Canada, Mexico and the United States, North America could become the 21st century version of the Middle East for hydrocarbons, a panel of experts from the three nations said last week at a Manhattan Institute forum.

December 10, 2012

Natural Gas, Power Markets Struggle for Common Ground

With electricity generation becoming ever more dependent on natural gas, coordination between the two markets will continue to be a top priority and a series of other issues need to be resolved, according to panelists at the recent Energy Bar Association (EBA) Mid-Year conference in Washington, DC.

December 10, 2012

No Drought About it: Produced Water Saving Freshwater

The re-emerging Mississippian Lime may be cheaper to drill than in some deeper formations, but an abundance of produced water has created a flood of innovative solutions by some operators.

December 10, 2012

LNG Study Out; Now for the Shouting

On Wednesday the U.S. Department of Energy’s (DOE) hired economists said exporting liquefied domestic natural gas would be a boon to the nation’s economy. But in the months ahead, the macroeconomic analysis will stir plenty of debate, long before any cargoes leave port.

December 7, 2012

LNG Exports: the More the Better, Says DOE Consultant

Exporting liquefied domestic natural gas to world markets would generate a net benefit to the U.S. economy, and the more liquefied natural gas (LNG) that’s exported, the greater the benefit, according to a macroeconomic analysis of the impact of LNG exports commissioned by the U.S. Department of Energy (DOE) and released for public comment Wednesday.

December 6, 2012