Others

Natural gas prices are going to stay low “for quite a while,” and producers are just going to have to deal with it; after all, it’s their fault, Southwestern Energy CEO Steven Mueller told a Houston audience Wednesday.

Petsec Energy Ltd. has agreed to pay 35% of the costs to drill at least one well and as many as three others in a shale oil project in Alberta in exchange for a 24.5% working interest in shale oil leases covering 17,280 acres, the Sydney, Australia-based independent said. The seller was not disclosed.

What does the largest North American natural gas producer do when prices aren’t going its way? Move rigs to liquids plays, ExxonMobil investor relations chief David Rosenthal said Tuesday.

A Congressional subcommittee on Wednesday will question a representative from the Environmental Protection Agency (EPA) and others regarding a controversial draft EPA report which concluded that groundwater in Pavillion, WY, contains chemicals that are normally used in natural gas production practices, including hydraulic fracturing (fracking).

Southwestern Energy Services Co. (SESC), an anchor shipper on a Millennium Pipeline expansion project that will transport Marcellus Shale gas, has urged FERC to approve the mostly compression expansion of Millennium by Feb. 1 so that it can be in operation by Nov. 1, delivering additional supplies to Northeast and New England markets.

In the world of shale gas plays, the Haynesville is rather long in the tooth compared to the Eagle Ford, Marcellus and others. However, wells in the play are running “faster” for longer, enough so that production has continued to climb while the rig count has dropped. Analysts at Goldman Sachs said they’ve figured out how the Haynesville does it.

In the world of shale gas plays, the Haynesville is rather long in the tooth compared to the Eagle Ford, Marcellus and others. However, wells in the play are running “faster” for longer, enough so that production has continued to climb while the rig count has dropped. Analysts at Goldman Sachs said they’ve figured out how the Haynesville does it.

Royal Dutch Shell plc won’t be sitting on the sidelines as others attempt to turn North America into a liquefied natural gas (LNG) exporting hub, CFO Simon Henry said Thursday. Shell not only plans to join a growing list of competitors, but it also is considering projects to turn natural gas into motor fuels and chemicals, he said.

Royal Dutch Shell plc won’t be sitting on the sidelines as others attempt to turn North America into a liquefied natural gas (LNG) exporting hub, CFO Simon Henry said Thursday. Shell not only plans to join a growing list of competitors, but it also is considering projects to turn natural gas into motor fuels and chemicals, he said.