The United States is the undisputed leader in the development of unconventional natural gas resources. However, much of the rest of the world is on to the shale gas promise and will soon be exploiting its reserves, according to a new analysis by Douglas-Westwood.
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PDC Mountaineer Pays $152M for Ohio Marcellus Acreage
PDC Mountaineer (PDCM), a joint venture of Petroleum Development Corp. and Lime Rock Partners V LP, will pay $152.5 million to National Grid plc for Seneca-Upshur LLC, including the rights to an estimated 90,000 net acres in the Marcellus Shale in north central West Virginia, the company said Monday. Closing is scheduled for Monday (Oct. 3), with an effective date of July 1, 2011.
Shale Called ‘Source of Uncertainty’ for U.S. Gas Market
Shale gas production is projected to increase to the point where it becomes the dominant domestic gas supply over the next two decades, but it brings with it the “greatest source of uncertainty” facing North American gas markets, according to the Deloitte Center for Energy Solutions.
Shale Mania Spreads West to Monterey
A relatively late entrant in the growing national debate about shale formations and how much long-term domestic reserves they bring to the United States, the Monterey Shale in California is an extensive old oil play that some analysts are predicting will experience a rebirth in today’s shale-dominated domestic energy world.
Wildfires Menace Texas Production
With much of drought-stricken Texas being ravaged by wildfires, the energy industry has its eyes on infrastructure that could be threatened by flames and potential production shut-ins. However, production volumes from fire-afflicted Texas counties “seem unaffected so far,” Bentek Energy LLC said in a note Friday.
Wildfires Menace Texas Production
With much of drought-stricken Texas being ravaged by wildfires, the energy industry has its eyes on infrastructure that could be threatened by flames and potential production shut-ins. However, production volumes from fire-afflicted Texas counties “seem unaffected so far,” Bentek Energy LLC said in a note Friday.
Marcellus Shale Coalition Sees Vindication in EIA, USGS Data
Production data issued by the Energy Information Administration (EIA) Tuesday — which indicated that increased drilling in the Marcellus Shale has been the leading force in the growth of natural gas production in the northeastern United States — combined with a recent U.S. Geological Survey (USGS) report, demonstrates that the Marcellus Shale is hardly the shrinking violet some mainstream media reports have claimed, according to the Marcellus Shale Coalition (MSC).
Pennsylvania Marcellus Shale Gas Production Jumps
Pennsylvania Marcellus Shale operators produced nearly as much natural gas in the first six months of 2011 as they did in the previous year and a half, according to new Pennsylvania Department of Environmental Protection (DEP) data.
Paradox Basin’s Gothic Shale Called ‘High-Potential Play’
Because of new drilling techniques that allow operators to do more with less, federal officials in Colorado have more than doubled their initial estimate on the number of natural gas wells that could be drilled in the Gothic Shale in the Paradox Basin of southwestern Colorado.
Pennsylvania Marcellus Shale Gas Production Jumps
Pennsylvania Marcellus Shale operators produced nearly as much natural gas in the first six months of 2011 as they did in the previous year and a half, according to new Pennsylvania Department of Environmental Protection (DEP) data.