The energy industry — thanks to advances in drilling and production techniques resulting in growing natural gas and oil supplies — can lift the U.S. economy out of its doldrums, but only if government regulation and permitting requirements don’t get in the way, speakers at a recent industry conference in Houston said.
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Haynesville Gas Drilling Dries Up, Says Nabors
Thirty-two of the dry natural gas rigs operated by Nabors Industries Ltd. in the Haynesville Shale have been redeployed to liquids areas “and we expect more of the remaining 26 to be diverted” soon, CEO Tony Petrello said late Tuesday.
Transportation Notes
Columbia Gas (TCO) said system operational conditions have improved, allowing it to lift Monday a Critical Day for storage that had been in effect for the previous two days. Daily storage penalties are no longer in effect and interruptible services, including AutoPAL (Park and Loan), are now available, the pipeline said. TCO also said it took the WB-Loop from Granny’s Creek valve to Gassaway valve, located in Braxton and Clay counties, WV, out of service for five days Monday to make modifications to the pipeline. Four production meters have been shut in for the duration of the outage, affecting 3,406 Dth/d.
Halliburton Profits Surge on North American Activity
North America’s onshore drilling activity continued to lift Halliburton in the second quarter, with profits up by 54% from a year earlier, the company reported Monday.
New York’s Southern Marcellus Acreage Enticing But…
New York appears more likely to lift the de facto natural gas drilling moratorium in parts of the state’s Marcellus Shale, but for a variety of reasons — not the least of which is hesitation by operators to commit capital — determining how much of an impact the prospective acreage may have on U.S. gas markets leads to more questions than answers, according to research by Goldman Sachs & Co.
New York’s Southern Marcellus Acreage Enticing But…
New York appears more likely to lift the de facto natural gas drilling moratorium in parts of the state’s Marcellus Shale, but for a variety of reasons — not the least of which is hesitation by operators to commit capital — determining how much of an impact the prospective acreage may have on U.S. gas markets leads to more questions than answers, according to research by Goldman Sachs & Co.
Transportation Notes
Barring a late announcement to the contrary Thursday, Southern California Gas was expected to lift a high-linepack OFO Friday.
No Marcellus Tax in Pennsylvania Budget
As promised, Pennsylvania Gov. Tom Corbett did not include a severance tax on Marcellus Shale production in his first budget.
Maryland Marcellus Moratorium Off the Table for Now
A debate over how to regulate the nascent Marcellus Shale industry in Maryland is progressing more subtly than similar debates in Pennsylvania or New York.
Transportation Notes
MRT said it will lift Thursday the cold weather System Protection Warning that it implemented Jan. 19 for northbound volumes.