Fewer

Fewer natural gas reserves are being added in North America for every dollar of exploration and production (E&P) activity, and higher costs undermine the economics of an increasing number of wells, according to an analysis of full-cycle cost data for all wells drilled in 2005. Cambridge Energy Research Associates (CERA) and IHS also found a dramatic shift toward unconventional gas production, which two years ago already accounted for nearly 25% of total output.

Between Sept. 1 and Dec. 29, there were 11.2% fewer heating degree days (HDD) than normal, and the first two weeks of the new year are expected to be 18% warmer-than-normal, lowering the odds for a “normal” cold winter and higher natural gas prices, Stephen Smith Energy Associates noted last week in a monthly forecast.

In the last four months of 2006, between Sept. 1 and Dec. 29, there were 11.2% fewer heating degree days (HDD) than normal, and the first two weeks of the new year are expected to be 18% warmer-than-normal, lowering the odds for a “normal” cold winter and higher natural gas prices, Stephen Smith Energy Associates noted in a monthly forecast.

More organic spending and fewer acquisitions are expected in the U.S. midstream energy sector next year, a Standard & Poor’s (S&P) analyst said Friday.

More organic spending and fewer acquisitions are expected in the U.S. midstream energy sector next year, a Standard & Poor’s (S&P) analyst said Friday.

Back in 2003, wind power advocates maintained that if more turbines were planted on U.S. soil, fewer liquefied natural gas (LNG) terminals would need to be sited on U.S. shores. An additional 100,000 MW of wind power in the next decade could supplant the need for LNG imports, wind backers said.

Pat Pope, a top official with Southern Natural Gas Co., on Tuesday said there is a strong likelihood that the U.S. is going to see far fewer liquefied natural gas (LNG) terminals built “than are being projected even today.” He doesn’t see any terminals being built on either the East or West coasts within the U.S. and is “quite pessimistic” about the chances of a terminal being constructed in the Bahamas.

U.S. natural gas imports dipped slightly (0.5%) to 3,996 Bcf last year due primarily to fewer volumes coming from Canada, while exports to Mexico rose and liquefied natural gas (LNG) deliveries surged, according a new report released by the Energy Information Administration (EIA) last Tuesday.

U.S. natural gas imports dipped slightly (0.5%) to 3,996 Bcf last year due primarily to fewer volumes coming from Canada, while exports to Mexico rose and liquefied natural gas (LNG) deliveries surged, according a new report released by the Energy Information Administration (EIA) Tuesday.