Expect

Capital spending plans by North American producers this year indicate that they expect the lowest natural gas prices since 2004, with $4-6/Mcf being the “sweet spot,” according to a survey by Barclays Capital.

Capital spending plans by North American producers this year indicate that they expect the lowest natural gas prices since 2004, with $4-6/Mcf being the “sweet spot,” according to a survey by Barclays Capital.

Montreal-based producer Gastem Inc. said Thursday its Ross No.1 vertical well in the New York portion of the Marcellus Shale has been completed and is testing 150 MMcf/d after four weeks of “extended flow.”

With an incoming Republican-controlled House of Representatives, the United States should expect to see a “significant” change in the approach to domestic energy policy for at least the next two years, with attention likely to focus on expanding the use of natural gas, according to a report last week by Deutsche Bank Climate Change Advisors (DBCCA).

With an incoming Republican-controlled House of Representatives, the United States should expect to see a “significant” change in the approach to domestic energy policy for at least the next two years, and attention is likely to focus on expanding the use of natural gas, according to a report by Deutsche Bank Climate Change Advisors (DBCCA).

As it shifts its portfolio toward more oily prospects, natural gas producer Williams Cos. said Monday it will pay $925 million to acquire 85,800 net acres in the Bakken Shale.

The natural gas market is in “good shape” as it heads into the 2010-2011 winter heating season due to the influx of shale gas, which has reshaped the industry, and the addition of new pipeline capacity to access the lower-priced supplies, said a FERC analyst Thursday.

As development of the Marcellus Shale in Pennsylvania ramps up, New York’s Department of Environmental Conservation continues work on a final supplemental generic environmental impact statement (SGEIS), which is not expected to be completed until next year.

Officials at the Golden Pass LNG terminal in Sabine Pass, TX, expect the terminal’s first commissioning cargo to arrive during October.