Approximately 84 Tcf of undiscovered, technically recoverable natural gas and 3.4 billion bbl of undiscovered, technically recoverable natural gas liquids (NGL) are contained in the Marcellus Shale, according to a new assessment by the U.S. Geological Survey (USGS).
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Feedstock Demand for NGLs Still Strong, Say Executives
The plunge in oil prices in recent months hasn’t begun to pressure North American chemical producers to shift their feedstocks from natural gas liquids (NGL) products, according to midstream and chemical company executives.
El Paso, Spectra Planning Marcellus Ethane Pipeline
An El Paso Corp. subsidiary and Spectra Energy Corp. have executed a memorandum of understanding to jointly develop the proposed Marcellus Ethane Pipeline System (MEPS) project.
Weatherford CEO Sees More Movement to Shales From Conventionals
North American operators are continuing to shift from conventional natural gas plays “to oil and shales, particularly the gas and condensate plays,” which puts Weatherford International Ltd. in a particularly strong position, CEO Bernard Duroc-Danner said Tuesday.
Energy M&A Market Strengthening
With improved credit markets and increased CEO confidence, the U.S. market for oil and gas mergers and acquisitions (M&A) in 2Q2010 reached its highest level in more than six quarters, according to a survey by PricewaterhouseCoopers LLP (PwC).
U.S. M&A Market Strengthens in Quarter
With improved credit markets and increased CEO confidence, the U.S. market for oil and gas mergers and acquisitions (M&A) in 2Q2010 reached its highest level in more than six quarters, according to a survey by PricewaterhouseCoopers LLP (PwC).
Wisconsin Energy Might Merge Gas Utilities
While reporting improved quarter-over-quarter earnings and a growing rate base in its utilities, Wisconsin Energy CEO Gale Klappa noted the anticipated start-up date for a second coal-fired generation plant at its Oak Creek facility won’t be commercial until near the end of this year.
Energy Stocks Could Get Uglier, Say Analysts
Recent stock market weakness and a bearish 2010 U.S. natural gas outlook appear to be trumping improved energy fundamentals, and energy stocks “could get much uglier if the market malaise continues,” Raymond James & Co. Inc. analysts said last week.
Energy Stocks Could Get Uglier, Say Analysts
Recent stock market weakness and a bearish 2010 U.S. natural gas outlook appear to be trumping improved energy fundamentals, and energy stocks “could get much uglier if the market malaise continues,” Raymond James & Co. Inc. analysts said Monday.
Energy Stocks Could Get Uglier, Say Analysts
Recent stock market weakness and a bearish 2010 U.S. natural gas outlook appear to be trumping improved energy fundamentals, and energy stocks “could get much uglier if the market malaise continues,” Raymond James & Co. Inc. analysts said Monday.