In a public debate on how much use and emphasis there should be on drilling and in particular the use of hydraulic fracturing (fracking), Colorado Gov. John Hickenlooper last week called natural gas the best transition for his state eventually to move to more reliance on efficiency and renewable energy programs.
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Shell’s Repsol LNG Purchase Excludes Canaport
Royal Dutch Shell plc is acquiring part of Repsol SA’s liquefied natural gas (LNG) portfolio outside North America, in particular adding LNG capacity in the western Atlantic Basin from Atlantic LNG in Trinidad & Tobago, and in the East Pacific from Peru LNG. Not being sold is Repsol’s troubled Canaport LNG regasification terminal in Saint John, NB.
Repsol-Shell LNG Deal Excludes Canaport Terminal
Royal Dutch Shell plc is acquiring part of Repsol SA’s liquefied natural gas (LNG) portfolio outside North America, in particular adding LNG capacity in the western Atlantic Basin from Atlantic LNG in Trinidad & Tobago, and in the East Pacific from Peru LNG. Not being sold is Repsol’s troubled Canaport LNG regasification terminal in Saint John, NB.
Polls Show New Yorkers Split on Fracking; DEC May Miss Deadline
Two polls show New Yorkers remain evenly split on the issue of hydraulic fracturing (fracking), but one poll shows opponents of the practice could cause more political damage to Gov. Andrew Cuomo if it ultimately is approved.
Anadarko’s U.S. Onshore Delivers Record Output
Boosted by exceptional performance from horizontal drilling programs in the U.S. onshore, and in particular the Wattenberg Field in Colorado, Anadarko Petroleum Corp. broke records for liquids sales volumes in the third quarter. The Wattenberg’s production profile is “essentially straight up,” said an executive.
Newfield ‘Making Progress’ in Emerging Plays
With non-strategic assets sales behind it, The Woodlands, TX-based Newfield Exploration Co. is focusing on multiple oil and liquids-rich projects and is placing particular emphasis on drilling longer laterals.
Newfield Seen ‘Making Progress’ in Emerging Plays
With non-strategic assets sales behind it, The Woodlands, TX-based Newfield Exploration Co. is focusing on multiple oil and liquids-rich projects and is placing particular emphasis on drilling longer laterals.
Industry Briefs
Production in North Dakota’s Bakken/Three Forks shale playscontinued to climb month over month in August, the most recent month for accumulating statistics, the North Dakota Department of Mineral Resources (DMR) reported. With more wells producing in August compared to the previous month (7,701 vs. 7,481), both crude oil and natural gas production exceeded July totals. Crude oil production reached 21.7 million bbl in August, compared with 20.9 million bbl in July. A number of wells remained idle as there were 8,495 wells capable of production in August, DMR said. As in recent months, the vast bulk of the production came from four counties: Dunn, McKenzie, Mountrail and Williams.
Midwest, West Coast Lead Cash Gains; Futures Fly Following EIA Data
Cash prices overall advanced on average of about 9 cents Thursday, and futures settled at the highest point since December 2011. Particular strength was noted in the Midwest and eastern prices rose as cooler temperatures were forecast. California and West Coast prices firmed following repairs to a compressor station.
Gulf, Northeast Pace Hefty Gains; Futures Inch Higher
Cash gas prices for Thursday delivery rose 6 cents on average overall. Particular strength was noted at Gulf locations, but points in the Northeast were firm as well. California points in the north saw gains, while operational issues prompted an oversupply of gas and prices fell on SoCal Gas Pipeline. At the close of futures trading November had risen 0.8 cent to $3.475 and December gained 1.5 cents to $3.783. November crude oil tumbled $1.14 to $91.25/bbl.