Resources for the Future (RFF) has released an update of its ongoing project to compare regulations in 31 states with current or near-future shale gas development. The latest series of maps shows more than 27 different elements of regulation nationwide.
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Fitch: ‘Modest’ NGL Price Improvement Ahead
Low natural gas liquids (NGL) prices have been weighing down the profitability of midstream processors, and slowing NGL demand is likely to pressure profitability in the near term, but the outlook is generally good further out, Fitch Ratings said in a recent note on NGLs and midstream processors.
Fitch Projects ‘Modest’ NGL Price Improvement Coming
Low natural gas liquids (NGL) prices have been weighing down the profitability of midstream processors, and slowing NGL demand is likely to pressure profitability in the near term, but the outlook is generally good further out, Fitch Ratings said in a recent note on NGLs and midstream processors.
Marcellus Liquids Bound for Europe
Marcellus Shale ethane is a long way from the Mont Belvieu, TX, market center, making it the most likely supply to be rejected in times of surplus. But Marcellus producer Range Resources Corp. has an alternative — and a contract — to deliver some of its ethane to Philadelphia for sale to a European petrochemical producer.
DOE Likely Won’t Cap LNG Exports, Say Experts
Assuming the U.S. Department of Energy (DOE) decides to allow export of U.S. liquefied natural gas (LNG), the agency will likely leave it up to markets to determine how much LNG is sent abroad, two industry veterans told NGI.
Rex Energy Brings First Ohio Utica Well Online
Rex Energy Corp., which expanded its operations in Ohio’s Utica Shale earlier this year, said Wednesday it was pleased with the initial production results from its first Ohio Utica Shale well.
Some Range Marcellus Liquids Bound for Europe
Marcellus Shale ethane is a long way from the Mont Belvieu, TX, market center, making it the most likely supply to be rejected in times of surplus. But Marcellus producer Range Resources Corp. has an alternative — and a contract — to deliver some of its ethane to Philadelphia for sale to a European petrochemical producer.
DOE Likely Won’t Try to Cap LNG Exports, Two Experts Say
Assuming the U.S. Department of Energy (DOE) decides to allow export of U.S. liquefied natural gas (LNG), the agency will likely leave it up to markets to determine how much LNG is sent abroad, two industry veterans told NGI.
Industry Briefs
Natural gas demand for U.S. electricity generation this winter is likely to look a lot like it did this past winter, 2.5-2.6 Tcf, U.S. Energy Information Administration (EIA) Deputy Administrator Howard Gruenspecht said at the LDC Gas Forum in Chicago. In addition, a lot of coal-fired generation will still be around, but how much capacity gets used will depend on natural gas prices. “We’re again expecting the power burn to run between 2.5 Tcf and 2.6 Tcf of gas for the period of December this year through March 2013…There is about 500 Bcf going to generation that could switch back to coal should natural gas prices start to rise above our expectations.” Gruenspecht said earlier this year the power burn was running more than 24 Bcf/d of gas to generate electricity. “We’re now expecting over the course of this year for the Henry Hub natural gas price to average about $2.65 and the average to move up to $3.34 next year. There is a lot of uncertainty about natural gas prices, in September we are looking at a future contract price ranges from $2.30/MMBtu to almost $4.70/MMBtu.”
Winter Natural Gas Demand Seen Similar to Last Year, Says EIA Official
Natural gas demand for U.S. electricity generation this coming winter is likely to look a lot like it did this past winter, 2.5-2.6 Tcf, a top official in the U.S. Energy Information Administration (EIA) told the LDC Gas Forums mid-continent meeting Tuesday in Chicago.