With an eye for the developing shale potential in Kansas, Irvine, CA-based startup New Western Energy Corp. said Wednesday it has obtained a 90% working interest in the 550-acre Smith Oil & Gas Lease in Chautauqua County, KS. The interest is in acreage that sits adjacent to 1,700 acres that New Western holds in the B&W Oil & Gas Lease.
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A co-founder of the National Fuel Cell Research Center at the University of California Irvine campus, Sempra Energy’s Southern California Gas Co. (SoCalGas) has invested $1 million in Oregon-based fuel cell manufacturer ClearEdge Power. The utility has been involved in the testing and demonstration of fuel cells for the past four decades. ClearEdge has a product that is a combined heat-power (CHP) fuel cell that claims to reduce carbon emissions by one-third and other pollutants, such as volatile organic compounds, ash and particulates, to trace levels. The Sempra utility cited a recent business intelligence report for the fuel cell industry, projecting a 10-fold increase in the sector from, $2 billion to $20 billion. SoCalGas said it envisions the advance of fuel cells as greatly reducing the nation’s reliance on coal and helping boost its use of natural gas.
Gas Forum Offers Glimpse of Post-Credit Crunch Energy Sector
The LDC Forum Rockies & West conference, which concluded last Wednesday in Irvine, CA, offered a regional glimpse of the post-global credit crunch energy sector. Panel discussions and keynote talks were as significant for what was not emphasized as for what was.
Gas Forum Offers Glimpse of Post-Credit Crunch
The LDC Forum Rockies & West conference, which concluded Wednesday in Irvine, CA, offered a regional glimpse of the post-global credit crunch energy sector. Panel discussions and keynote talks were as significant for what was not emphasized as for what was.