The U.S. natural gas market — and thus, long-term gas prices — won’t be upended because of the unconventional resource “revolution” because marginal costs ultimately determine gas prices, according to Morningstar.
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Birmingham, AL-based Energen Corp., an independent exploration and production (E&P) company with a small natural gas-only utility in Alabama, is shifting its emphasis away from gas to oil and natural gas liquids (NGL) production next year, CEO James McManus told a financial analysts’ meeting.
Don’t expect the Department of Interior to come out with a final rule addressing hydraulic fracturing (fracking) on public lands before the end of the year, said an official representing exploration and production interests in the West.
Consol Energy Inc. and EQT Corp. were the only companies to submit bids for leases to drill for natural gas on 9,263 acres at Pittsburgh International Airport and Allegheny County Airport just outside of the city, according to the Allegheny County Airport Authority (ACAA).
Support for hydraulic fracturing (fracking) among New Yorkers remained unchanged overall, as a sharp increase in backing among suburbanites canceled out flagging support from Upstate voters, according to a Siena College Research Institute poll released Wednesday.
An infrastructure development slowdown across the Marcellus Shale region over the next 12 months will sharply reduce the rate of production growth, to 1.3 Bcf/d from growth of 2.3 Bcf/d in the last 12 months, according to FBR Capital Markets.
The latest monthly totals for oil and natural gas production in North Dakota show continued growth in September, albeit at a slower pace than previous months, a report from the state Industrial Commission’s Department of Mineral Resources (DMR) showed Tuesday.
Total volumes embedded in only the five Alberta shale deposits with “immediate potential” for development are colossal: 3,424 Tcf of natural gas, 58.6 billion bbl of gas liquids byproducts, and 423.6 billion bbl of oil, says a report by the resource appraisal group of Alberta’s Energy Resources Conservation Board (ERCB). Even the immense current estimates of the province’s total resource endowment could eventually turn out to be conservative, the board said.
It was only a matter of time before Democrats called for a hearing to explore what role, if any, extreme weather events and climate change played in the Frankenstorm that slammed into the northeastern coast this week when Hurricane Sandy teamed with a cold front from the West to create a superstorm.