The horizontal natural gas drilling boom drove a long production growth period, but that boom topped out in September 2011, and overall monthly production has remained basically flat since then, analysts at Stephen Smith Energy Associates said in their most recent Monthly Energy Outlook. And while the number of horizontal gas rigs has fallen about 70% from its peak, several effects have worked to maintain the 18-month production plateau, they said.
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Goldboro LNG Gets European Customer
The Western European gas market would receive liquefied natural gas (LNG) from the Goldboro LNG project in Guysborough, Nova Scotia (NS) under a long-term sales agreement struck by terminal developer Pieridae Energy (Canada) Ltd. and E.ON Global Commodities SE (EGC), a unit of E.ON SE, one of the world’s largest investor-owned power and gas companies.
NatGas Output to Remain Near Flat Levels, Says Analyst
The horizontal natural gas drilling boom drove a long production growth period, but that boom topped out in September 2011, and overall monthly production has remained basically flat since then, analysts at Stephen Smith Energy Associates said in their most recent Monthly Energy Outlook. And while the number of horizontal gas rigs has fallen about 70% from its peak, several effects have worked to maintain the 18-month production plateau, they said.
Devon to Launch Natural Gas MLP
Devon Energy Corp. is renewing long-pursued efforts to form a midstream master limited partnership (MLP) to hold some of its natural gas gathering and processing assets in Texas, Oklahoma and Wyoming.
Nova Scotia LNG Terminal Strikes European Sales Contract
The Western European gas market would receive liquefied natural gas (LNG) from the Goldboro LNG project in Guysborough, Nova Scotia (NS) under a long-term sales agreement struck by terminal developer Pieridae Energy (Canada) Ltd. and E.ON Global Commodities SE (EGC), a unit of E.ON SE, one of the world’s largest investor-owned power and gas companies.
Texas Targets Funds for Energy Patch Road Repair
Texas lawmakers have sent a bill to Gov. Rick Perry that would provide $225 million in general revenue funds to help repair and maintain county roads damaged by oil and gas production activity, mainly in the Permian Basin and Eagle Ford Shale regions.
Cuomo to Decide on New York Fracking Before 2014 Election?
New York Gov. Andrew Cuomo said he will make the long-delayed decision on whether to lift a moratorium on high-volume hydraulic fracturing (HVHF) before the next gubernatorial election in 2014.
Industry Briefs
The Pennsylvania Public Utility Commission approved petitions of Peoples Natural Gas Co. and Peoples TWP to implement long-term infrastructure improvement plans (LTIIP) in addition to a distribution system improvement charge. Peoples is to replace an average of 47 miles of pipeline per year during the five-year period of the LTIIP. Peoples plans to spend between $55 million and $71 million per year on pipeline, meter and service replacement over the five-year period. Peoples TWP is to replace an average of 28 miles of pipeline per year during the five-year period. Peoples TWP anticipates spending a minimum of $9.1 million per year over the five-year plan.
Chesapeake Taps Anadarko Veteran to Succeed McClendon
Robert Douglas Lawler, 46, one of Anadarko Petroleum Corp.’s top exploration and production (E&P) executives, on Monday was named the new CEO of Chesapeake Energy Corp.
Stalled EPA Nomination Heads to Senate Floor for Vote
After Republicans ended their week-long boycott, the Senate Environment and Public Works Committee voted out the nomination of Gina McCarthy to head the Environmental Protection Agency (EPA).