By the end of the decade capacity to export liquefied natural gas (LNG) from Western Canada will be 3-5 Bcf/d, which isn’t much less than total exports of Canadian gas to the United States, about 5.5 Bcf/d, according to analysts at Arc Financial Corp.
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Drought Forces Haynesville Operators to Look Elsewhere For Water
The Louisiana Department of Natural Resources (DNR) has asked four companies operating in the Haynesville Shale to temporarily refrain from withdrawing water for hydraulic fracturing (fracking) from Bayou Pierre because of an ongoing severe drought.
November 14, 2011
Winter Gas Prices Seen as Lowest Since 2001-02 Heating Season
The average natural gas futures prices for the upcoming heating season will be less than $4/MMBtu, the lowest level entering the winter months since 2001-2002, the Energy Information Administration (EIA) said.
November 8, 2011
North Dakota Shale Boom: ‘Been There, Done That’
While North Dakota has ridden the shale boom to the nation’s lowest unemployment and a rush of activity for local economies, residents with long memories are cautious, having experienced boom-bust cycles in the oil patch in the past.
November 1, 2011
Traders on the Bench Following MF Global Failure; December Gains
December natural gas inched higher Monday as traders focused less on trading and more on the latest failure of a prominent energy trading firm. Trading volume was light. At the close December had gained 1.1 cents to $3.934 and January had risen 1.4 cents to $4.056. December crude oil fell 13 cents to $93.19/bbl.
November 1, 2011
Debt-Laden Junior Puts New York Acreage For Sale
Less than three months ago, Norse Energy Corp. ASA was the first company in line seeking permission to drill unconventional gas wells in New York’s portion of the Marcellus and Utica shales.
October 31, 2011
Norse Pulling Out of New York; Puts Leasehold Up For Sale
Less than three months ago, Norse Energy Corp. ASA was the first company in line seeking permission to drill unconventional gas wells in New York’s portion of the Marcellus and Utica shales.
October 25, 2011
Eagle Ford Drilling Said Using Less Water than Cities, Farms
Natural gas wells in the booming Eagle Ford Shale in South Texas will use significantly less amounts of water for hydraulic fracturing (fracking) compared to municipalities and farmers in the region, a water expert said.
October 24, 2011
Report: Eagle Ford Fracking Will Take Less Water Than Other Uses
Natural gas wells in the booming Eagle Ford Shale in South Texas will use significantly less amounts of water for hydraulic fracturing (fracking) compared to municipalities and farmers in the region, a water expert said.
October 21, 2011
Onshore Development Causing Oil, Gas Supply Glut, Says Analyst
An interior oil and natural gas supply glut, the result of strong output from shales and tight oil and gas plays, is developing because infrastructure can’t keep up, and that in turn is pressuring prices, according to Canaccord Genuity.
October 20, 2011
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