Dramatic

Without dramatic intervention North Dakota’s natural gas flaring — already costing about $100 million/month — is going to get worse even if the percentage of total production flared goes down, as state and industry officials predict, according to a report released Monday by Boston-based social responsibility nonprofit organization Ceres.

The “reality and potential” of expanding natural gas and liquids from shale continues to have a dramatic impact on the regional and global balances for the two resource streams, PIRA Energy Group said in a new report. The energy consultant released its Annual Scenario Planning Guidebook in “the most uncertain economic environment in decades,” the New York City-based firm stated.

The “reality and potential” of expanding natural gas and liquids from shale continues to have a dramatic impact on the regional and global balances for both economies, PIRA Energy Group said Monday in a new report.

Don’t like today’s low natural gas prices? Hang on, they will change, eventually, ConocoPhillips Gas & Power’s Jim Duncan, manager of market research, told a Houston audience Thursday.

San Antonio-based Howard Energy Partners said Thursday it will acquire the Eagle Ford Escondido Gathering System, which is partially owned by Laredo Energy, and the Cuervo Creek Gathering System from Meritage Midstream Services. Both systems are primarily 12- 16-inch diameter high-pressure gas pipelines. The transaction is expected to close in April.

The Department of Energy’s (DOE) Energy Information Administration (EIA) Monday cut its estimate of the U.S. shale gas resource base almost in half, based on a dramatic drop in Marcellus Shale estimates.

Canadian production will continue shrinking over the next three years while the use of natural gas in oilsands production grows, resulting in a dramatic drop in exports to the United States to as little as 2.8 Bcf/d, according to a new forecast by the National Energy Board (NEB).

Canadian production will continue shrinking over the next three years while the use of natural gas in oilsands production grows, resulting in a dramatic drop in exports to the United States to as little as 2.8 Bcf/d, according to a new forecast by the National Energy Board (NEB).

The persistently sharp contrast between expensive oil and cheap gas has had dramatic effects on Western Canadian drilling, boosting activity and accelerating a trend to targeting oil rather than gas.