Despite taking a significant hit in its 2Q2012 profits related to its 25% interest in the Rockies Express Pipeline (REX), which is now on the sales block, San Diego-based Sempra Energy executives view REX as a “significant” asset long term because of its potential role in moving natural gas bidirectionally from the developing parts of the Utica and Marcellus shales.
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Marcellus Still Hasn’t Gotten the Memo on Production Cuts
Despite dry gas production curtailments and rig lay-downs nationwide, Northeast production will grow by 1 Bcf/d from its current 8.3 Bcf/d by the end of the year as the Marcellus Shale “seems impervious to the unfavorable economics,” Bentek Energy LLC said in its Forward Curve Quarterly.
Forest Cuts Capex, Goes Solo in Eagle Ford
Despite previously announced intentions to find a partner to help develop its Eagle Ford Shale acreage, Denver-based Forest Oil Corp. said it has identified a “go-it-alone plan that is attractive to the company.”
Range Onshore Output Jumps in Second Quarter
A decision by Range Resources Corp. to sell its Barnett Shale portfolio last year to devote more resources to the Marcellus Shale appears to have paid off handsomely, with unconventional output jumping 42% in 2Q2012 from the year-ago period. Natural gas, which makes up 80% of the producer’s total output, rose 48%.
Forest Plans to Go It Alone in Eagle Ford
Despite previously announced intentions to find a partner to help develop its Eagle Ford Shale acreage, Denver-based Forest Oil Corp. said it has identified a “go-it-alone plan that is attractive to the company.”
Report: Energy Development, Exports Add up to $5 Trillion U.S. Benefit
Hydrocarbon resources — oil, natural gas and coal — in North America are more than four times the resources existing in the Middle East, and the United States is now the fastest-growing producer of oil and natural gas in the world, according to a new report from the Manhattan Institute for Policy Research.
North Carolina Governor Vetoes Fracking Bill
Despite earlier promulgations that hydraulic fracturing (fracking) can be performed safely, North Carolina Gov. Bev Perdue on Sunday vetoed a bill that would have legalized the practice and begun the process for its regulation.
Bentek: Haynesville Producers Turn It On/Off for Prices
Despite a natural gas rig count that has declined significantly, production from the Haynesville Shale during June was climbing, which was reversing the impact of well shut-ins that began in February, an analysis by Bentek Energy LLC found.
Bentek: Haynesville Producers Turn It On/Off for Prices
Despite a rig count that has declined significantly, production from the Haynesville Shale during June was climbing, which was reversing the impact of well shut-ins that began in February, an analysis by Bentek Energy LLC found.
University at Buffalo: ‘No Plans’ to Alter Shale Institute Operations
The University at Buffalo (UB) will not change the operations of the Shale Resources and Society Institute (SRSI), despite a controversy over an SRSI hydraulic fracturing (fracking) study that threatened to overshadow its conclusions, UB said.