methane

More than one-third of the global increase in natural gas production by 2035 will come from unconventional shale gas, coalbed methane and tight gas, according to the World Energy Outlook 2010 (WEO-2010), which was issued by the International Energy Agency (IEA) on Tuesday.

ExxonMobil Corp. in July quietly purchased more acreage in the Haynesville/Bossier Shale, a company executive disclosed Thursday.

Plaintiffs’ attorneys seeking class action status for lawsuits that allege Virginia producers have unlawfully taken coalbed methane gas from landowners last week filed additional complaints against leading Virginia producers Consol Energy Inc., its CNX Gas Corp. and EQT Corp. This time the companies are alleged to have sold landowners’ gas at below-market prices and improperly deducted processing and transportation costs.

Plaintiffs’ attorneys seeking class action status for lawsuits that allege Virginia producers have unlawfully taken coalbed methane gas from landowners Monday filed additional complaints against leading Virginia producers Consol Energy Inc., its CNX Gas Corp. and EQT Corp. This time the companies are alleged to have sold landowners’ gas at below-market prices and improperly deducted processing and transportation costs.

Landowners in Virginia are suing Consol Energy Inc. and its CNX Gas Corp.; and EQT Corp. and its EQT Production Co., alleging that coalbed methane (CBM) is being unlawfully produced from their lands. The lawsuits challenge the constitutionality of provisions of Virginia’s Gas and Oil Act and could yield billions in compensatory and punitive damages, a plaintiffs’ lawyer told NGI.

Landowners in Virginia are suing Consol Energy Inc. and its CNX Gas Corp.; and EQT Corp. and its EQT Production Co., alleging that coalbed methane (CBM) is being unlawfully produced from their lands. The lawsuits challenge the constitutionality of provisions of Virginia’s Gas and Oil Act and could yield billions in compensatory and punitive damages, a plaintiffs’ lawyer told NGI.

Junior producer Pinnacle Gas Resources Inc., which explores for coalbed methane (CBM) across the Rocky Mountains, said Wednesday it would be taken private in an all-cash transaction by an investor group that agreed to pay a 28% premium to the company’s closing price on Wednesday.

Junior producer Pinnacle Gas Resources Inc., which explores for coalbed methane (CBM) across the Rocky Mountains, said Wednesday it would be taken private in an all-cash transaction by an investor group that agreed to pay a 28% premium to the company’s closing price on Wednesday.

El Paso Corp.’s exploration and production (E&P) unit may have downsized in the past few years, but its U.S. focus on natural gas shales and select coalbed methane (CBM) plays is beginning to bear fruit, executives said Thursday.