Decade

Three-quarters of oil and natural gas professionals, with on average 20 years of experience, believe the United States is headed toward natural gas independence within a decade, but it still will rely on foreign oil, according to a new Deloitte LLP survey.

Biogas, including renewable natural gas (RNG), is primed for some strong growth over the next decade through a combination of societal initiatives for waste management, reducing greenhouse gases and shifting to more renewable sources of energy, according to a new report from Navigant Consulting’s Boulder, CO-based Pike Research.

A decade from now, North American (Canada, Alaska and Lower 48) exports of liquefied natural gas (LNG) will be about 10 Bcf/d, according to the base case of a new LNG export analysis.

The Colorado Oil and Gas Conservation Commission (COGCC) is considering three new setback zones for drilling based on the distance from a wellhead or production facility to the nearest occupied building.

Efforts to replicate in Europe the United States’ shale gas success took another blow Friday when French President Francois Hollande said that a ban on hydraulic fracturing (fracking) would remain in place during his five-year term. Hollande, the candidate of the Socialist party, became president following a two-round election earlier this year.

As happened in the rush to develop U.S. liquefied natural gas (LNG) import facilities a decade ago, relatively few of the proposed export projects now before federal authorities will be built, and most of them will be brownfield projects on the Gulf of Mexico (GOM), according to a top executive with one of the competing Gulf Coast-based projects.

As happened in the rush to develop U.S. liquefied natural gas (LNG) import facilities a decade ago, relatively few of the proposed LNG export projects now before federal authorities for permitting will get built, and most of them will be brownfield projects on the Gulf of Mexico (GOM), according to a top executive with one of the competing Gulf Coast-based projects.

Chesapeake Energy Corp., which has spent the last decade creating one of the largest natural gas drilling machines in the United States, quickly is becoming an onshore liquids dynamo, CEO Aubrey McClendon told financial analysts Tuesday.

The lowest natural gas prices in a decade — driven lower in large part by production from North American shale plays — are behind many of the decisions being made by regulators and energy companies in the Northwest, but where those prices are likely to go next is a matter of dispute.