Unconventional natural gas production in the Lower 48 states — most notably coal-bed methane supply — is expected to account for more than one-third of all U.S. gas production by 2025, the Energy Information Administration (EIA) said last week.
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EIA Sees Rocky Mountain Unconventional Gas as Key Supply Source
Unconventional natural gas production in the Lower 48 states — most notably coal-bed methane supply — is expected to account for more than one-third of all U.S. gas production by 2025, according to the Energy Information Administration (EIA).
WY Regulators’ Revamp of Discharge Rules Readies for Public Hearings
With thousands of coalbed methane (CBM) wells covering the Powder River Basin in Wyoming and hundreds of drilling permits still to be reviewed, the Wyoming Department of Environmental Quality (DEQ) has been working overtime and short staffed to review the huge backlog of permits, and contend with complex out-of-date regulations at the same time.
XTO Completes CBM Asset Purchase
XTO Energy Inc. has added another 29 MMcf/d to its current production base after completing the acquisition of some coalbed methane (CBM) properties in southwestern Colorado.
XTO Sees More ’03 Gas Production with San Juan Buy
Fort Worth-based independent XTO Energy Inc. is acquiring some coalbed methane (CBM) properties in the San Juan Basin of Colorado for $160 million, after entering into a definitive agreement with J. M. Huber Corp. of Edison, NJ.
XTO Sees More ’03 Gas Production with San Juan Buy
Fort Worth-based independent XTO Energy Inc. is acquiring some coalbed methane (CBM) properties in the San Juan Basin of Colorado for $160 million, after entering into a definitive agreement with J. M. Huber Corp. of Edison, NJ.
Draft EIS Issued for Montana CBM Production Rules
Coal bed methane (CBM) development could speed up in Montana after state and federal officials issued a draft environmental impact statement (EIS) concerning development in the southern part of the state. The Department of Interior’s Bureau of Land Management (BLM) recommended alternatives that would require operators to submit a development plan and water-use plan for CBM production. The proposal also would require wastewater to be recycled for irrigation or livestock watering.
Natural Gas Prices Lower MDU’s Earnings Forecast
MDU Resources Group, the diversified utility headquartered in Bismarck, ND, said it does not expect to meet its forecasts of $2.30-2.50 per earnings share for this year, and will see “significantly” lower earnings than the predicted $2.60 in 2002 because of the volatility in natural gas prices and a downturn in the economy. Still, MDU said it would stay the course on its long-term goal of an earnings per share growth of 10-12%, as well as a projected 30% increase in combined natural gas and oil production this year.
Western Gas Begins Gas Sales From Big George
Western Gas Resources Inc. said Tuesday that its coalbed methane (CBM) gas production from the All Night Creek pilot project in the Big George area of the Powder River Basin began flowing into a sales line on Aug. 21. Fifty-three wells already have been drilled and connected, with 39 producing gas.
Evergreen Adds to Dominant Position in Raton Basin
Evergreen Resources grabbed another 17,800 acres of coalbed methane properties, representing about 40 Bcf of proven reserves in the southern Colorado portion of the Raton Basin for $19.2 million from Shenandoah Operating Co. The purchase brings Evergreen’s total gross acreage position in the Raton to 265,000 acres.