Excess

Driller Floats Plan for Helium Well in Harley Dome

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.

April 1, 2013

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).

January 31, 2013

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).

January 21, 2013

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).

January 16, 2013

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.

November 12, 2012

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.

November 6, 2012

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.

August 2, 2012

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.

March 5, 2012

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.

March 2, 2012

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.

December 14, 2011
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