Denali will still be a national park in Alaska and the name of GMC’s luxury SUV, but it’s not going to be “The Alaska Gas Pipeline.” BP plc and ConocoPhillips, partners in the project to pipe Alaska North Slope Gas to Canada and Lower 48 markets, threw in the towel Tuesday following an unsuccessful open season.
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Utah Basin Project Stirs Conflicting Energy, Environmental Interests
Serious Canadian energy investment and equally focused environmental interests are warily eyeing each other in and around the Uinta Basin in southeastern Utah, where energy developers see an extension of their oil sands plays in Western Canada, and a group called Living Rivers warns of a potential environmental and public health disaster.
Cabot Grows Production But Profits Fall
Cabot Oil & Gas Corp. saw profits shrink but production rise in the first quarter compared to the year-ago period, the result of low natural gas prices combined with expansion of operations in the Marcellus and Eagle Ford shales.
ConocoPhillips Pursues Liquids-Heavy Unconventional Plays
Unconventional plays in North America will be ConocoPhillips’ priority going forward, with the focus on fields rich in liquids and oil, CFO Jeff Sheets said Wednesday.
Pennsylvania Congressman Favors Exporting Shale Gas
Rep. Glenn “GT” Thompson (R-PA) said he supports exporting surplus Marcellus Shale gas to China and other countries that do not have free trade agreements with the U.S., and also backs the concept of exporting liquefied natural gas (LNG) from a port in Maryland.
Chesapeake Bay Foundation Seeks Federal Fracking Study
The Chesapeake Bay Foundation (CBF) urged President Obama on Monday to authorize a comprehensive study of hydraulic fracturing (hydrofracking) in the Marcellus Shale of six states and its potential effects on the Chesapeake Bay watershed.
Gas Bills Stall at Arkansas House Committee
A series of bills that would affect the regulation of natural gas drilling and hydraulic fracturing (hydrofracking) operations in Arkansas failed to clear a hurdle in the state’s House Committee on Agriculture, Forestry and Economic Development Thursday and appeared unlikely to move to the full House during the current legislative session.
West Virginia Prepares Bills to Revamp Drilling Rules
Two bills aimed at revamping West Virginia’s quarter-century-old drilling regulations are slated for introduction in the state legislature this week. The measures, variously directed at water management and horizontal drilling, would also increase horizontal well permit fees from $400 to $10,000.
Mexico Long-Term Market for Shale, LNG, Sempra Exec Says
Underscoring what a Canadian research firm said earlier in the month about North American shale and Mexico’s growing gas demand, Sempra Energy’s top gas executive told NGI’s Shale Daily that a strong economy and growing natural gas demand make south of the border an attractive future market for ramped up shale gas production.
Full Impact of Shale Gas Yet to Unfold, CEC Expert Says
In the second biggest natural gas market in the United States, California energy officials have kept a keen eye fixed on shale gas, and their revised energy plans and forecasts next year and beyond will reflect a greater impact from North America’s energy game-changer, the author of the California Energy Commission’s (CEC) latest report on shale gas told NGI during an interview this week.