Gas

In the soft drink world, Coke’s nemesis is Pepsi. But in the steel industry coke risks being undone by low-cost natural gas.

For unconventional natural gas and oil production to prove its mettle, water management has to be at the top of every operator’s list, according to researchers.

Because of the “pent up” supply of gas in the Marcellus and Utica shales, shipper interest in capacity on ANR Pipeline’s Lebanon Lateral 2014 Reversal Project was much greater than anticipated, said an executive with TransCanada, which owns ANR.

Weekend and Monday deliveries of physical gas skidded 8 cents on average nationally in Friday trading with East and Northeast points the hardest hit and only a handful of points in positive territory.

EnerVest Ltd. is the buyer of SM Energy Co.’s Anadarko Basin properties, including its Granite Wash interests. The sale resulted in cash proceeds of $343 million for Denver-based SM Energy and adds to Granite Wash holdings EnerVest acquired earlier this year.

A vast 449 Tcf of natural gas, 14.9 billion bbl of natural gas liquids (NGL) and 1.1 billion bbl of oil await production in just the best known, most accessible western Canadian shale deposit, according to a federal and provincial report on the Montney geological formation.

Sempra Energy senior executives said Tuesday they remain optimistic that federal approvals will be in hand by the end of this year for a $9-10 billion liquefied natural gas (LNG) export terminal at existing import facilities in Cameron, LA.

A district court judge in Utah Monday overturned a Bush-era resource management plan (RMP) that opened more than 4,200 miles of dirt roads and trails in part of the state to off-road vehicles.

Hydraulic fracturing (fracking) is not the culprit in methane emissions, but other parts of the drilling process are, and they are fixable, according to a panel of industry, academic and environmental representatives.