Crowd

Colorado Governor to COGA: Gas Industry ‘Vital’ to State

Colorado Gov. Bill Ritter, whose policies have been blamed for driving some producers out of the state, on Thursday told an industry crowd that the natural gas industry was “vital” to the state’s future. “Just so there’s no mistake, let me say this very clear: It is a permanent part of the new energy economy. It’s not a bridge fuel. It’s not a transition fuel. It is a mission-critical fuel for us to get to where we need to get to in meeting increasing energy demands and decreasing emissions at the same time.”

July 10, 2009

Berry Picks Plum Assets in East Texas for $640M

The land grab continues in the emerging natural gas-rich basins of East Texas, and Berry Petroleum Co. has become the latest to join the crowd, agreeing to pay $620 million in cash to buy 4,500 net acres. With the transaction, Berry’s output would increase by 32 MMcfe/d, and it would add 370 Bcfe to reserves.

June 16, 2008

Berry Picks Plum Assets in East Texas for $640M

The land grab continues in the emerging natural gas-rich basins of East Texas, and Berry Petroleum Co. has become the latest to join the crowd, agreeing to pay $620 million in cash to buy 4,500 net acres. With the transaction, Berry would add 32 MMcfe/d to its output and 370 Bcfe to reserves.

June 12, 2008

Maine LNG Project Developers Hope to Find Strength in Numbers

Four planned liquefied natural gas (LNG) import projects in Maine may seem like a crowd, but at least one of the developers believes it’s nice to have a little company. Having four projects on the table reinforces the message that LNG is definitely here to stay, said Dennis Bailey, of Saavy Inc., the public relations firm behind the Quoddy Bay LNG terminal.

October 3, 2005

FERC Approves Two LNG Import Terminals; Providence LNG Fails on Safety Issues

In front of a packed crowd that included some concerned local, state and federal officials Thursday, the last day of Chairman Pat Wood’s term, FERC rejected the Fields Point LNG facility proposed by KeySpan in Providence, RI, saying that it did not meet current federal safety standards. However, the Commission conditionally approved the Weaver’s Cove LNG import terminal in Fall River, MA, and approved the Golden Pass LNG terminal in Sabine Pass, TX.

July 1, 2005

Royalty Relief, High Gas Prices Draw Crowd at Latest Central Gulf Lease Sale

An early tally of results from the Mineral Management Service’s Central Gulf Lease Sale 190 looks impressive with 827 bids from 73 companies, which is quite a bit more than the 793 bids from 66 production companies in Central Gulf Lease Sale 185 last year. Lease Sale 190 will be held on Wednesday morning at 10 a.m. in New Orleans.

March 17, 2004

Western LNG Proposals Crowd Pacific Coast

The field of candidates for building a $550 million West Coast North American liquefied natural gas receiving terminal got a bit more crowded this past week as an Australian mining/energy company threw its hat in the ring with the first offshore California proposal. Initial permits are expected by the end of next year, and the proponents hope to have the facility operating in 2008.

August 18, 2003

Western LNG Proposals Crowd Pacific Coast

The field of candidates for building a $550 million West Coast North American liquefied natural gas (LNG) receiving terminal got a bit more crowded this past week as an Australian mining/energy company threw its hat in the ring with the first offshore California proposal. Initial permits are expected by the end of next year, and the proponents hope to have the facility operating in 2008.

August 18, 2003

DOE Plans New Gas Supply Surveys; Industry Stresses Conservation, Education

A large crowd of regulators, industry officials, and natural gas consumers at the National Petroleum Council’s (NPC) emergency summit on natural gas supply on Thursday in Washington, DC, called for more natural gas conservation, increased energy efficiency measures and a greater focus on energy awareness prior to the next winter heating season. The Department of Energy (DOE) also announced plans for increased data collection and dissemination on the gas supply and demand situation. And state regulators announced that they would hold workshops across the nation with DOE, FERC and the NPC on natural gas supply, demand and prices.

June 27, 2003

FERC Deliberates Over Proposed Improvements to Price Reporting System

Before a packed crowd at FERC last Thursday, scores of energy industry and publication executives proposed improvements in the system of collecting and compiling index prices for natural gas. Nearly everybody agreed that the current system is broken, but they were sharply divided over how to reform it. Energy publishers said their price indexes can and are being fixed. Critics, however, weren’t satisfied and said a complete overhaul was in order. The flaws in the system have been magnified by the “bright light being shown on the process” in the wake of charges that traders had manipulated the published indexes for years.

April 28, 2003