Even with a multi-billion-dollar natural gas gathering and processing infrastructure buildout ongoing, North Dakota is not likely to greatly reduce the volumes of gas being flared as an offshoot of its accelerated oil boom, according to an analysis released Thursday by RBN Energy LLC.
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Canaccord Genuity Sees $5 Natural Gas Price Long Term
Canaccord Genuity is maintaining a natural gas price forecast of $3.50/Mcf for 4Q2012, with prices gaining 50 cents in 2013 and then moving to $5.00 for the long term, analysts said Friday.
IHS: Tech to Push Domestic Reserves ‘Well Over’ 3,000 Tcf
The United States likely will add 11 Bcf/d of natural gas to its reserves this year at total finding, development and completion costs under $3.00/Mcf, while a review of 45,000 unconventional oil wells is finding “tremendous” growth in oil reserves, preliminary IHS Inc. data indicate.
Shell Investing Big in China’s Unconventional Gas
Royal Dutch Shell plc plans to invest a minimum of $1 billion a year in unconventional natural gas exploration in China, the producer’s top China executive said this week.
Florida Eyeing Legislation to Expand NGVs
State legislation is likely next year in Florida to help boost the use of natural gas vehicles (NGV), according to a state House representative who is a leader on energy issues. The comments by state Rep. Lake Ray (R-Jacksonville) came as a Florida NGV organization was formed and an economic impact study released.
Drilling Technology Crushing Natural Gas, Oil Reserves Assumptions
How much more oomph can new drilling technology bring to the U.S. unconventional revolution? The United States likely will add 11 Bcf/d of natural gas to its reserves this year at total finding, development and completion costs under $3.00/Mcf, while a review of 45,000 unconventional oil wells is finding “tremendous” growth in oil reserves, preliminary IHS Inc. data indicate.
IHS: Technology to Push Domestic Reserves ‘Well Over’ 3,000 Tcf
The United States likely will add 11 Bcf/d of natural gas to its reserves this year at total finding, development and completion costs under $3.00/Mcf, while a review of 45,000 unconventional oil wells is finding “tremendous” growth in oil reserves, preliminary IHS Inc. data indicate.
Shale Industry Ripe for Consolidation, Study Concludes
Trends that surfaced last year indicate “a continued preference for crude oil and liquids-rich gas development over dry gas options,” and are likely to reduce — and possibly reverse — recent domestic dry gas production growth rates, according to a new report from Pace Global.
Shale Industry Ripe for Consolidation, Study Concludes
Trends that surfaced last year indicate “a continued preference for crude oil and liquids-rich gas development over dry gas options,” and are likely to reduce — and possibly reverse — recent domestic dry gas production growth rates, according to a new report from Pace Global.
Encana Selling Chunks of Liquids Leaseholds to Aid Development
Encana Corp. plans to continue to keep its eye on the “highest-return plays” in North America, which for the near term means more liquids and oil development and no natural gas drilling, CEO Randy Eresman said Wednesday.