Multiple solutions will be required to meet energy demand and curtail greenhouse gas emissions that will result from population growth and economic expansion, Exxon Mobil Corp. said in its “Outlook for Energy: A View to 2030,” the latest iteration of the annual report. Fossil fuels will retain their primacy among energy sources, but nuclear power and renewable energy will take a growing slice of the pie.
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Houston-based EV Energy Partners LP (EVEP) agreed to pay multiple sellers a combined $202.7 million for a set of natural gas-weighted properties in the San Juan Basin, Midcontinent, Texas and West Virginia. Estimated total proved reserves are 88 Bcfe, and daily production is averaging 12.9 MMcfe/d.
XTO Energy Inc. will buy a set of producing properties in the Woodford, Fayetteville and Barnett shales for $1 billion, it said Tuesday. The acquisitions, from multiple sellers, are expected to add 35 Mcfe to XTO’s production base.
Government officials have a political problem; coal has an image problem, and the U.S. economy might have multiple problems over the next 10 to 15 years as the result of the nation’s seemingly headlong rush into climate change mitigation measures that would restrict greenhouse gas (GHG) emissions from power plants, factories and motor vehicles, according to speakers Thursday at the two-day Goldman Sachs annual Power and Utility Conference in New York City.
With the first phase of the liquefied natural gas (LNG) global infrastructure buildout well under way, LNG is becoming a global commodity whose price is subject to multiple factors, the vagaries of international politics among them. Now and in the future, U.S.-based gas players might do well to remember one thing in particular:
With the first phase of the liquefied natural gas (LNG) global infrastructure buildout well under way, LNG will one day be a global commodity whose price is subject to multiple factors, the vagaries of international politics among them. Now and in the future, U.S.-based gas players might do well to remember one thing in particular:
With 60 inches of snowfall since late December in the Denver area and multiple weeks of sub-zero temperatures in eastern Utah and western Wyoming, Rockies producers and drilling service companies have waged a tough battle against wellhead freeze-offs and snow removal in an effort to maintain production.
Last week’s announcement by Chesapeake Energy Corp. that it would pay multiple sellers a combined $932 million for 67,000 net acres of Barnett Shale leasehold turned up the heat on the hottest gas play in the country. Consolidation has clearly come to the 13-county area around Fort Worth, where costs have skyrocketed to as much as $5,000/acre from just $50 two years ago. But the players keep coming because in the Barnett you make your money through the drillbit, and even a high ticket price can be dwarfed by future profits.
The Bureau of Land Management (BLM) is taking public comments on a required expansion of several existing gas pipeline corridors out of the Pinedale, WY, area. Multiple gas pipelines have been planned and several corridors will have to be expanded to support gas production growth, BLM said.
The CEO of Petroleos Mexicanos (Pemex) said the state-run oil company in May will resume offering multiple service contracts (MSCs) to develop Mexico’s natural gas reserves.