natural gas

Lots of North American Conventionals to Unearth

Nearly 1.4 trillion boe of reserves exist in conventional, undeveloped oil and natural gas fields around the world, including almost 1.1 trillion boe of technical reserves, those without firm development plans in place, according to Wood Mackenzie.

September 16, 2013

People

TheDelaware River Basin Commission(DRBC), which has played a key role in the de facto moratorium on oil and gas drilling in the basin, will soon begin a search for a new executive director, followingCarol Collier’s announcement that she will retire March 12, 2014. Collier was sworn in as the commission’s third executive director in 1998, becoming the first woman to head an interstate-federal compact agency, according to DRBC. Prior to taking the top staff position with DRBC, Collier served as executive director forPennsylvania’s 21st Century Environment Commission, was regional director of thePennsylvania Department of Environmental Protection Southeast Regionand worked 19 years withBCM Environmental Engineers. She is currently the national president of theAmerican Water Resources Association. The multi-state commission has regulatory jurisdiction over the 13,539-square mile Delaware River watershed in Pennsylvania, New York, New Jersey and Delaware. The commission is represented by the governors of the four states, as well as a representative of theArmy Corps of Engineers.

September 16, 2013

Storage Expected to End Slightly Higher Year/Year

A reclassification of “base” gas to “working” and a cooler-than-expected August make for an end-of-injection season storage forecast that is 20 Bcf higher than the one issued last month in the Energy Information Administration’s (EIA) Short Term Energy Outlook (STEO), the agency said last week.

September 16, 2013

Will DOE Hurry Up and Wait on LNG?

With its fourth global liquefied natural gas (LNG) export authorization last Wednesday, the U.S. Department of Energy has approved a volume of exports that is beginning to make some nervous. Approvals have gathered pace, but a pause might be coming.

September 16, 2013

Ontario-to-Pennsylvania ‘Clean’ Transmission Line Proposed

A Canadian energy entrepreneur last week unveiled plans to build an underground transmission project linking natural gas and renewable energy resources in Ontario (ON) to Pennsylvania.

September 16, 2013

No Major Hurricanes in 2013, Predicts ConocoPhillips Strategist

ConocoPhillips’ chief analyst/strategist last week told an industry audience in Chicago that there will be no major hurricanes through the Gulf of Mexico (GOM) or elsewhere in the United States this year.

September 16, 2013
Rough Ride in 2Q for North America’s Natural Gas Marketers

Rough Ride in 2Q for North America’s Natural Gas Marketers

U.S. natural gas marketers were in the midst of a full tactical retreat in the second quarter, with only seven of 24 companies reporting higher numbers compared with the same quarter last year, resulting in an 11% (14.82 Bcf/d) overall decline in gas sales transactions in 2Q2013 compared with 2Q2012, according toNGI’s 2Q2013 Top North American Gas Marketers Ranking.

September 16, 2013

California Fracking Bill to be Signed, Sealed and Delivered

California Gov. Jerry Brown has indicated he intends to sign SB 4, which was passed by the legislature last week that would regulate oil and natural gas unconventional drilling and specifically hydraulic fracturing (fracking).

September 16, 2013

Dominion Forming Appalachian NatGas Partnership

With its “confidence level” higher than ever, Dominion Resources Inc. is rounding up its Appalachian-driven natural gas assets and forming a partnership that initially could generate up to $2 billion a year in earnings, CEO Tom Farrell said Thursday.

September 16, 2013

Storage Expected to End Slightly Higher than Last Year

A reclassification of “base” gas to “working” and a cooler-than-expected August make for an end-of-injection season storage forecast that is 20 Bcf higher than the one issued last month in the Energy Information Administration’s (EIA) Short Term Energy Outlook (STEO), the agency said last week.

September 16, 2013