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U.S. E&Ps See Fracking Rules, Infrastructure Limits as Growing Threats

U.S. E&Ps See Fracking Rules, Infrastructure Limits as Growing Threats

The U.S. unconventional boom is far from over, but exploration and production (E&P) operators face a “reality check” from an increasingly stringent regulatory environment and “very real limitations” to domestic natural gas and oil infrastructure, according to BDO USA LLP.

June 5, 2013

U.S. LNG Seen Cheaper than Australia’s

Global buyers of liquefied natural gas (LNG) will increasingly turn to the United States, casting a shadow over Australia’s LNG industry, at least temporarily, said Wood Mackenzie’s Andrew McManus, head of the firm’s upstream consulting business in Australia.

June 3, 2013

ExxonMobil Missed on Natural Gas Prices, Says Tillerson

ExxonMobil Corp. investors have been a little antsy about all of the capital investments over the past five years with seemingly little to show for it, CEO Rex Tillerson said last week. He acknowledged that a lot of money has been invested in projects yet to bear fruit and said the company’s forecast on U.S. natural gas prices didn’t hit the mark.

June 3, 2013

‘We’ve Got to Deliver,’ ExxonMobil’s Tillerson Tells Shareholders

ExxonMobil Corp. investors have been a little antsy about all of the capital investments over the past five years with seemingly little to show for it, CEO Rex Tillerson said Wednesday.

May 30, 2013

Wood Mackenzie: Emerging U.S. LNG Will Overshadow Australia

Global buyers of liquefied natural gas (LNG) will increasingly turn to the United States, casting a shadow over Australia’s LNG industry, at least temporarily, said Wood Mackenzie’s Andrew McManus, head of the firm’s upstream consulting business in Australia.

May 29, 2013

California Power Capacity Seen as Adequate; New Gas Plants In the Wings

With continued uncertainty over whether a large nuclear generation plant will ever return to service, Southern California Edison Co. (SCE) officials on Friday said summer power supplies will be adequate throughout Southern California. Up to three new or upgraded natural gas-fired plants in the region. totaling more than 1,800 MW, are due to start operations by the end of summer, they said

May 29, 2013

BLM Targeted for Lawsuit by Conservation Groups

A coalition of conservation groups on Thursday filed a 60-day notice of intent to sue the federal Bureau of Land Management (BLM) over its amending of 10 resource management plans (RMP) earlier this year to open more than 800,000 acres for future oil shale and tar sands leasing.

May 28, 2013

Producers, Environmentalists Alike Lament Draft Fracking Rule

Oil and natural gas producers still are poring over the 171-page draft rule governing hydraulic fracturing (fracking) activities on public lands, and while proponents and opponents agree that some concessions were made by the agency in the latest rule to avoid duplication of state and tribal fracking requirements, they say BLM could have gone further.

May 20, 2013

Swift Getting More Precise in Eagle Ford, Mulling Partnership

Since the latter half of last year, Swift Energy Co. has been directing Eagle Ford drilling at a narrower section of the lower Eagle Ford with more precision than previous drilling, and it’s been paying off, said CEO Terry Swift.

May 7, 2013

Pennsylvania, Shell Officials Say Due Diligence Continuing on Cracker

Contrary to a media report, there is no time frame for when a subsidiary of Royal Dutch Shell plc will make a decision over whether to build a proposed “world scale” ethane cracker in western Pennsylvania, state and company officials told NGI’s Shale Daily.

April 30, 2013