The Eagle Ford Shale in South Texas made the headlines in international joint venture acquisitions last week as China made its first big investment in U.S. oil and gas assets and the Norwegian Statoil reached out from its Marcellus natural gas base in the U.S. to grab a position in the liquids-rich Eagle Ford.
Headlines
Articles from Headlines
Wood Mackenzie: Rockies Contains Seven Multi-Tcf Shale Plays
With all of the recent headlines about the massive natural gas shale plays in the Appalachian Basin, across Texas, Louisiana and British Columbia, some may have forgotten about the Rocky Mountains. However, by at least one estimate, there are seven multi-Tcf plays — and maybe more — trapped inside those big rocks waiting for discovery, said Wood Mackenzie researchers.
Wood Mackenzie: Rockies Contains Seven Multi-Tcf Shale Plays
With all of the recent headlines about massive natural gas shale plays in the Appalachian Basin, across Texas, Louisiana and British Columbia, some may have forgotten about the Rocky Mountains. However, by at least one estimate, there are seven multi-Tcf plays — and maybe more — trapped inside those big rocks waiting for discovery, said Wood Mackenzie researchers.
Led By Rockies, Entire Cash Market Moves Higher
With natural gas flow constraints out of the Rocky Mountains continuing to ease, the region once again dominated headlines on Monday as half of NGI’s points in the region recorded $1-plus gains. Despite near-record natural gas storage levels and the lack of any immediate storm threat to the Gulf of Mexico, cash prices across the board were firm to begin the week.
‘Wave’ of Smaller Pipeline Expansions Expected in Coming Years
The new large natural gas pipelines now under construction have grabbed a lot of the headlines in recent months, but in the next few years, there likely will be a “wave of smaller, significant expansions” of existing and greenfield pipes across the country, the head of the Interstate Natural Gas Association of America (INGAA) said last week.
‘Wave’ of Smaller Pipeline Expansions Expected in Coming Years
The new large natural gas pipelines now under construction have grabbed a lot of the headlines in recent months, but in the next few years, there likely will be a “wave of smaller, significant expansions” of existing and greenfield pipes across the country, the head of the Interstate Natural Gas Association of America (INGAA) said Monday.
Markey, Ramstad Bill Would Designate ANWR Coastal Plain as Wilderness
The new Congress wasted little time in taking action on the energy issue that always seems to draw the most headlines: drilling in the Arctic National Wildlife Refuge (ANWR) in Alaska. Rep. Edward Markey (D-MA) was joined by Rep. Jim Ramstad (R-MN) in introducing the Udall-Eisenhower Arctic Wilderness Act, which would designate the coastal plain of the Arctic National Wildlife Refuge as a wilderness area with permanent protections.
Southwestern Relishing its Fayetteville Head Start
The checkbook will always be a quick and handy tool for growing reserves, and big M&A deals will always garner headlines. But it’s organic growth through the drillbit that keeps the whole thing going. An example would be what Southwestern Energy has cooking in the Fayetteville Shale, an up and coming unconventional gas play the company pioneered.
FERC Casts Wide Net Over Western Power Sellers — Is Gas Next?
FERC delivered a powerful one-two punch in energy, financial and political circles last week. First, it released explosive documents that appeared to all but substantiate charges that the once-mighty Enron Corp. manipulated trading in the California power market. And before the shock waves had subsided, it launched an industry-wide dragnet targeting 150 electric suppliers to find out just how widespread the use of questionable trading practices has been in the western wholesale energy markets. The gas industry could be the next target, some believe.
California’s Struggling Retailers Look to Legislature
Lost in the higher profile aspects of California’s chronicpage-one headlines surrounding its energy crisis is the statelegislature’s inclusion of a ban on retail direct access powerdeals, dealing the few remaining nonutility power retailers whatcould be a death blow unless a corrective legislative solution isfound. That corrective action was pursued last week when the headof the state Senate energy committee, state Sen. Debra Bowen,proposed to reinstitute retail energy sales (SB 27X) as part of themeasures being tossed around in the second month of a special statelegislative session called by the governor to address theemergency.