Half

The Utica Shale holds an estimated 38 Tcf of undiscovered, technically recoverable natural gas, or less than half that of the Marcellus Shale, according to the first assessment of the Appalachian Basin play by the U.S. Geological Survey (USGS). An estimated 940 million bbl of unconventional oil resources and 9 million bbl of natural gas liquids (NGL) also are trapped in Utica rock, said scientists.

The Utica Shale holds an estimated 38 Tcf of undiscovered, technically recoverable natural gas, or less than half that of the Marcellus Shale, according to the first assessment of the Appalachian Basin play by the U.S. Geological Survey (USGS). An estimated 940 million bbl of unconventional oil resources and 9 million bbl of natural gas liquids (NGL) also are trapped in Utica rock, said scientists Thursday.

Telvent, a Canadian firm whose software systems and services are used to remotely manage more than half of the oil and gas pipelines in North America and Latin America, last Wednesday confirmed a security breach involving the project files of some of its customers.

U.S. Ethane presents a “wall of worry” to gas producers and processors (which fear margin collapse), pipelines (which fret over volumes) and consumers (which fear scarcity and high prices), an industry analyst said in Houston Monday. There is always something to worry about, but there’s always something on which to disagree, too.

Telvent, a Canadian firm whose software systems and services are used to remotely manage more than half of the oil and gas pipelines in North America and Latin America, Wednesday confirmed a security breach involving the project files of some of its customers.

Assuming the U.S. Department of Energy (DOE) decides to allow export of U.S. liquefied natural gas (LNG), the agency will likely leave it up to markets to determine how much LNG is sent abroad, two industry veterans told NGI.

The federal Bureau of Land Management (BLM) has released an environmental assessment (EA) of XTO Energy Inc.’s proposed Riverbend gas project and is seeking public comment by Oct. 10.

The Pennsylvania Department of Environmental Protection (DEP) is preparing to host several half-day seminars across the state this fall to educate parties on applying for $20 million in grants toward the purchase of natural gas vehicles (NGV) or the conversion of eligible vehicles to natural gas.

Houston-based Sanchez Energy Corp., which holds a 95,000 net acre position in the liquids-rich Eagle Ford Shale, highlighted the performance of recent wells and said they “demonstrate the progress made in substantially derisking the majority of the company’s acreage position in the Eagle Ford Shale trend.”