Driven

Natural Gas to Dominate Power Sector, Says Calpine CEO

Natural gas, driven by a 100-year supply, will be the dominant fuel in the next 20 years, Calpine Corp. CEO Jack Fusco told an investor conference Wednesday in Houston.

April 11, 2013

Texas Oil and Gas Jobs Boom Gathered Pace in February

A “stunning” increase in Texas oil and gas industry employment, which was revealed by revisions to recent workforce statistics, was driven by gains in the number of jobs supporting oil and gas exploration and production, said the economist who compiles the Texas Petro Index (TPI), a barometer of the industry’s health in the Lone Star State.

April 4, 2013

Mexico Imported Most U.S. Gas Ever Last Year

Driven by abundance north of the border and growing need to the south, U.S. exports of natural gas to Mexico hit their highest level since export data collection began in 1973, the Energy Information Administration (EIA) said. Meanwhile, cross-border pipeline export capacity from the United States is expected to grow significantly.

March 18, 2013

Mexico Imported Most U.S. Gas Ever Last Year

Driven by abundance north of the border and growing need to the south, U.S. exports of natural gas to Mexico hit their highest level since export data collection began in 1973, the Energy Information Administration (EIA) said. Meanwhile, cross-border pipeline export capacity from the United States is expected to grow significantly.

March 14, 2013

U.S. Ethane Boom Gives Westlake Chemical Advantage

Westlake Chemical Corp. enjoyed record fourth quarter and full year results last year, driven in large part by lower ethylene feedstock costs resulting from the abundant supply of natural gas liquids (NGL) available in North America, CEO Albert Chao told analysts during a conference call Tuesday.

February 20, 2013
Shale’s Ethane Boom Gives Westlake Chemical Advantage

Shale’s Ethane Boom Gives Westlake Chemical Advantage

Westlake Chemical Corp. enjoyed record fourth quarter and full year results last year, driven in large part by lower ethylene feedstock costs resulting from the abundant supply of natural gas liquids (NGL) coming out of North American shale plays, CEO Albert Chao told analysts during a conference call Tuesday.

February 20, 2013

Utilities Reaching Into New Markets with Bargain Gas

Driven by the U.S. shale boom and resulting low natural gas prices, the issue for local utility gas providers of extending their distribution pipeline systems is drawing re-examination by regulators and industry researchers.

February 8, 2013

EIA: Shales Boosted 2011 NatGas Production

Domestic natural gas production surged in 2011 to 28.48 Tcf, a 1.66 Tcf (6.2%) increase compared to 26.82 Tcf in 2010, and it was production from the nation’s shale plays that gave the total its biggest boost, according to the U.S. Energy Information Administration (EIA).

February 8, 2013

Appalachian Antero Posts 73% Increase to Proved Reserves

Antero Resources announced Monday that its proved reserves had increased 73% in one year by the end of 2012, while its proved, probable and possible (3P) reserves had increased 94% and its natural gas liquids (NGL) reserves increased by 170% during the same time frame, all thanks to discoveries in the Marcellus and Utica shale plays.

January 30, 2013

East, Northeast Tumble As Flow Order Is Lifted

Cash prices overall fell an average 15 cents Friday, but if the weather and constraint driven mega-downmoves by eastern and northeast points are included, the average overall decline would have been $1.83. Weather forecasts called for a warming trend by Monday and constraints on a major pipeline were lifted.

January 28, 2013