The U.S. Energy Information Administration (EIA) is predicting that natural gas use in transportation will grow 100% by 2017, but Barclays Capital analysts who broke down some of the metrics have concluded that natural gas vehicles (NGV) would have to swell 12-fold to meet those projections.
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NatGas Production Down from Year-Ago Period for Second Straight Month
U.S. natural gas production was 2.32 Tcf in February, down from 2.38 Tcf in February 2012, and both marketed production (1.95 Tcf, compared with 1.99 Tcf) and dry gas production (1.85 Tcf, compared with 1.89 Tcf) were down from the year-ago period, according to the Energy Information Administration’s (EIA) latest Monthly Energy Review (MER).
NGVs Analyzed for Stirring NatGas Demand
With 35 states having created various levels of incentives for using natural gas in transportation and the Energy Information Administration (EIA) predicting gas use in transportation will grow 100% by 2017, the latest Barclays analysis of U.S. gas broke down some of the metrics and concluded that natural gas vehicles (NGV) on the road will have to swell 12-fold between 2011 and 2017 to meet the EIA prediction.
Coal Regains Some Market Share From Natural Gas
The U.S. Energy Information Administration (EIA) reported Thursday that coal has regained some of the market share for power generation it had lost to natural gas.
BLM Issues Revised Draft Fracking Rules
Calling them a common sense approach that will complement state efforts, U.S. Interior Secretary Sally Jewell and Bureau of Land Management (BLM) officials Thursday unveiled revised draft rules for hydraulic fracturing (fracking) on all federal and Indian lands. The draft rules will now go through a 30-day public comment period.
EIA Once Again Raises 2013, 2014 NatGas Price Forecasts
A cold beginning to spring that resulted in a tepid start to the natural gas storage refill season has analysts at the Energy Information Administration (EIA) once again revising their natural gas price forecasts upward for the rest of 2013 and 2014.
Marathon Oil, Talisman End Shale Exploration in Poland
Poland on Wednesday suffered a double dose of bad news regarding its prospective shale plays after Marathon Oil Corp. and Talisman Energy Inc. issued separate statements indicating that they were pulling out of the country.
EIA Sees Gas Production Growth, Price Increases Through 2014
A cold beginning to spring that resulted in a tepid start to the natural gas storage refill season has analysts at the Energy Information Administration (EIA) once again revising their natural gas price forecasts upward for the rest of 2013 and 2014. The government agency added that strong onshore production growth will offset Gulf of Mexico declines in both years.
EIA Hikes 2013, 2014 Gas Price Forecasts Again
A cold beginning to spring that resulted in a tepid start to the natural gas storage refill season has analysts at the Energy Information Administration (EIA) once again revising their natural gas price forecasts upward for the rest of 2013 and 2014.
Lower 48 NatGas Output Still Trending Higher, Says EIA
Natural gas production in the Lower 48 and Other States categories was up in February compared with January and February 2012, according to the Energy Information Administration’s (EIA) Monthly Natural Gas Gross Production Report.