Federal officials have given a green light for a project in eastern Utah to drill an exploratory well in the Harley Dome natural gas field to capture helium, which, if the operation proves successful, could result in a helping to build supplies of the scarce gas.
Excess
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Industry Brief
A portion of excess funds from a recent Colorado state revenue forecast should be spent to study the impact of oil and gas exploration and development on air quality, according to the Governor’s Office of State Planning and Budgeting (OSPB). In an amended spending request to the state’s Joint Budget Committee, the OSPB asked that $492,776 go to the Colorado Department of Public Health and Environment (CDPHE) to conduct the survey, and another $567,000 from the state’s capital construction budget be used to purchase equipment for the survey. Gov. John Hickenlooper also recommended $1.3 million in cash fund spending authority for CDPHE to enter into a collaborative partnership with Colorado State University to begin collecting data for a broader study of the impacts of oil and gas operations on air quality in the state’s northern Front Range (see Shale Daily, Jan. 14).
NGL Regional Differentials to End, Say Analysts
Regional natural gas liquids (NGL) differentials will collapse over the next two years as new NGL pipelines create excess takeaway capacity out of all major basins (except the Marcellus Shale) into Mont Belvieu, TX, according to analysts at Tudor, Pickering, Holt & Co. (TPH).
TPH Forecasts End of NGL Regional Differentials in 2013-2014
Regional natural gas liquids (NGL) differentials will collapse over the next two years as new NGL pipelines create excess takeaway capacity out of all major basins (except the Marcellus Shale) into Mont Belvieu, TX, according to analysts at Tudor, Pickering, Holt & Co. (TPH).
2013 Natural Gas Prices May Hinge on Coal Switching
Gas-to-coal switching, which has drained some of the excess domestic gas stores, will tell the tale about 2013 natural gas prices, with gas expected to continue to gain in the first six months, while coal regains some of its losses in the second half of the year, according to Raymond James & Associates Inc.
Raymond James: 2013 Natural Gas Prices Hinge on Coal Switching
Gas-to-coal switching, which has drained some of the excess domestic gas stores, will tell the tale about 2013 natural gas prices, with gas expected to continue to gain in the first six months, while coal regains some of its losses in the second half of the year, according to Raymond James & Associates Inc.
Marathon Drops Rigs in Eagle Ford, Anadarko Woodford, Bakken
Houston explorer Marathon Oil Corp. is reducing its rig count in the Eagle Ford Shale because of drilling efficiencies and dropped rigs in the Anadarko Woodford and Bakken plays in response to a “continued decline in natural gas liquids (NGL) and natural gas prices,” the company said Wednesday.
1.1 Bcf/d of Power Generation Gas Demand Seen Coming
The closest thing to a sponge that would soak up some of the market’s excess natural gas is more gas-fired power generating capacity. And according to Bentek Energy LLC, producers have something to look forward to in that regard.
Bentek: 1.1 Bcf/d of Power Generation Gas Demand Coming
The closest thing to a sponge that would soak up some of the market’s excess natural gas is more gas-fired power generating capacity. And according to Bentek Energy LLC, producers have something to look forward to in that regard.
San Bruno Cost to PG&E Exceeds $1B, CEO Says
Pacific Gas and Electric Co. (PG&E) faces longer-term costs in excess of $1 billion related to its fatal natural gas transmission pipeline rupture and explosion last year in San Bruno, CA, the combination utility’s new CEO Anthony Earley told reporters Monday.