With heavy ramifications for Midcontinent energy infrastructure and eventual exports, the United States will find itself with oversupplies of both domestically produced liquids and crude oil from now through 2017, market consultant/analyst Rusty Braziel of RBN Energy LLC told a session of the Colorado Oil and Gas Association (COGA) annual meeting in Denver earlier this month (Aug. 13-16).
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EPA Defends Itself Against Industry Methane Emissions Report
The Environmental Protection Agency (EPA) has defended itself against claims made in an industry report that it has overestimated methane emissions from natural gas well activities by more than 50%.
Brookings: Laissez-Faire Approach Best for LNG Exports
If the U.S. does export liquefied natural gas, the impacts will be modest all around and the market will balance itself, a year-long study by the Brookings Institution found.
Chesapeake Defends Itself Against Rolling Stone Portrayal
Chesapeake Energy Corp. last week defended itself against an article in an upcoming issue of Rolling Stone magazine that the producer is claiming contains several inaccuracies.
Industry Brief
American Honda Motor Co., which bills itself as the only automaker selling natural gas-powered passenger cars in the United States, wants to double its sales of its compressed natural gas (CNG) Civicmodel, which is built in Indiana. To boost sales it is going to establish CNG fueling stations in some of its dealerships, particularly in California. The automaker said it is negotiating with California regulators about developing more fueling stations in dealerships in a state that represents the nation’s biggest CNG vehicle market. The company said it is usually not Honda’s role to create infrastructure, but in this case a “chicken and egg” situation exists, “and we’re going to have to nurse the egg along.”
Rolling Stone Portrayal Contains ‘Same Old Debunked Theories,’ Chesapeake Says
Chesapeake Energy Corp. defended itself against a story in an upcoming issue of Rolling Stone magazine that the producer is claiming contains several inaccuracies.
Chesapeake Defends Itself Against Rolling Stone Portrayal
Chesapeake Energy Corp. defended itself against a story in an upcoming issue of Rolling Stone magazine that the producer is claiming contains several inaccuracies.
Encana Revamps Portfolio, Strategy to Compete
North America’s natural gas producers lately have been taking a licking but Encana Corp. is succeeding by continuing to optimize its portfolio and its operations, an executive said this week.
Louisiana: Drillers Going Where the Taxes Aren’t
Producers active in Louisiana — where they enjoy an exemption from state severance taxes on production from horizontal wells — are increasingly eschewing conventional drilling to take advantage of the tax break, and that’s showing up in state revenue figures, according to a recent forecast from the state’s Legislative Fiscal Office. However, industry advocates advise: look at all the other taxes producers are paying.
Windsor Energy Faces Possible Fines In New Brunswick
Windsor Energy Corp. has found itself on shaky ground in New Brunswick after it allowed a contractor to conduct seismic testing in a town without its consent, violating the province’s Oil and Natural Gas Act.