Former natural gas industry executive Sheffield Nelson has filed a ballot initiative in Arkansas to raise the state’s severance tax on natural gas production to 7% from the current 5% of market value.
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EIA: August Lower 48 Production Up Nearly 5% from August 2009
Natural gas production in August in the Lower 48 states of 65.79 Bcf/d marked a 1.8% increase over July and nearly a 5% increase over August a year ago, the Energy Information Administration (EIA) said in its monthly report. Production from the federal offshore Gulf of Mexico (GOM) advanced for the first time in six months.
NatGas Production Shows Steady Gains Through August
Natural gas production in August in the Lower 48 states of 65.79 Bcf/d marked a 1.8% increase over July and nearly a 5% increase over August a year ago, the Energy Information Administration (EIA) said in its monthly report. Production from the federal offshore Gulf of Mexico (GOM) advanced for the first time in six months.
LNG Imports Hit Year’s Nadir in August
Imports of liquefied natural gas (LNG) marked a large decline in August, reaching their lowest level of the year, according to the latest data available from the Energy Information Administration (EIA).
LNG Imports Hit Year’s Nadir in August
Imports of liquefied natural gas (LNG) marked a large decline in August, reaching their lowest level of the year, according to the latest data available from the Energy Information Administration (EIA).
Canaport LNG Marks Official Opening
The 1 Bcf/d Canaport LNG terminal marked its official opening Thursday, giving Spain’s Repsol YPF greater access to U.S. and Canadian natural gas markets.
Industry Briefs
The 1 Bcf/d Canaport LNG terminal has marked its official opening, giving Spain’s Repsol YPF greater access to U.S. and Canadian natural gas markets. The liquefied natural gas (LNG) terminal received its first cargo in June (see NGI, June 22). It can supply up to 20% of New York and New England’s gas demand, according to Repsol. The terminal facility has the capability to store 9.9 Bcf of gas in liquefied form. Canaport LNG is the first to be completed of 10 key projects included in Repsol’s 2008-2012 strategic plan. It is the first land-based LNG receiving and regasification terminal built on the East Coast of North America in 30 years and the first LNG receiving and regasification terminal in Canada. Repsol partnered with Fort Reliance, Irving Oil’s parent company and owner of Canada’s largest oil refinery, in the construction of the terminal. Repsol is the managing general partner with a 75% stake and has contracted for 100% of the plant’s capacity. Repsol began selling gas in the Northeastern United States in 2008. The company said it plans to quadruple its global volumes of LNG sold by 2012.
MidAmerican Energy Opposes House Climate Change Bill
As the House Energy and Commerce Committee marked up climate change legislation Tuesday, MidAmerican Energy Holdings Co. Chairman David L. Sokol said his company would oppose the bill because it would result in onerous rate increases for customers of affiliates MidAmerican Energy Co. and PacifiCorp.
Equitable to Spend Less in 2009, Focus on Drilling
Equitable Resources Inc. plans capital spending of about $1 billion next year, a marked decrease from 2008 spending in acknowledgment of declining commodity prices and challenges in the capital markets. Efforts will be focused on development drilling in pursuit of production growth, the company said Thursday.
Equitable’s 2009: Drill More, Spend Less
Equitable Resources Inc. plans capital spending of about $1 billion next year, a marked decrease from 2008 spending in acknowledgment of declining commodity prices and challenges in the capital markets. Efforts will be focused on development drilling in pursuit of production growth, the company said Thursday.