Output

The International Energy Agency (IEA) said U.S. gas production could reach 797 billion cubic meters (bcm) (28.14 Tcf) by 2018, 17% higher than last year’s total of 681 bcm (24.05 Tcf), which was a 5% increase over 2011. That’s thanks to shale gas. Other countries have it, but they won’t be getting at it for some time, and that fact will keep the United States among the leading natural gas producers.

If Houston-based LNG Central has its way, not all of the liquefied natural gas (LNG) output of Cheniere Energy’s Sabine Pass liquefaction and export project on the Gulf Coast will be shipped overseas. Some will be used to fuel the domestic marine market as well as transportation on land and the high-horsepower engine market.

If Houston-based LNG Central has its way, not all of the liquefied natural gas (LNG) output of Cheniere Energy’s Sabine Pass liquefaction and export project on the Gulf Coast will be shipped overseas. Some will be used to fuel the domestic marine market as well as transportation on land and the high-horsepower engine market.

Natural gas production in the Lower 48, boosted by output from shale plays, was up to 72.70 Bcf/d in December, almost 1% (0.62 Bcf/d) over December 2011, but down 1.1% (0.83 Bcf/d) compared with November, according to the most recent data from the Energy Information Administration (EIA).

Texas producers boosted crude oil production for the third straight year in 2012, lifting statewide output by nearly 100 million bbl to 604 million bbl, according to the year-end report issued by the economist who compiles the monthly Texas Petro Index.

Louisiana’s economic output will grow by $30 billion between 2011 and 2019 as a result of natural gas-induced investment, according to a report by Louisiana State University’s Center for Energy Studies that details the impact of the natural gas boom on the state.

Louisiana’s economic output will grow by $30 billion between 2011 and 2019 as a result of natural gas-induced investment, according to a report by Louisiana State University’s Center for Energy Studies that details the impact of the natural gas boom on the state.

Range Resources Corp. expects to spend about 85% of its $1.3 billion 2013 capital expenditures (capex) budget on liquids-rich and oil projects, predominately in wet areas of the Marcellus Shale and through horizontal drilling in the Mississippian Lime, the Fort Worth, TX-based company said Wednesday.

With output from most of Japan’s nuclear reactors idled since the meltdown at the Fukushima Daiichi nuclear power plant and government officials proposing to phase out nuclear power by the late 2030s — and with North American natural gas prices below $3/MMBtu — the country’s largest utility has entered into negotiations for North American liquefied natural gas (LNG).