The plot has thickened around the mystery of natural gas bubbles that have been seen in two bayous in Assumption Parish, LA. Geologists and other experts are monitoring an area of swampland that has liquefied into muck. Segments of pipelines passing by the affected area have been depressurized and shut in.
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Ohio Mulls Water Sales, Leasing Land to Operators
Ohio Department of Natural Resources (ODNR) regulators are considering plans to sell water to operators to use for horizontal drilling and hydraulic fracturing (fracking), as well as possibly lease land in portions of the Marcellus and Utica shales.
Barclays: North American E&P Spending to Target Oil, Liquids in 2012
North American producers plan to target their 2012 capital expenditures mostly to oil and liquids-rich basins, with the Permian Basin and West Texas leading the list, according to a new spending survey by Barclays Capital.
Futures Break Out, Stay Above $7 on Fund Buying
After sitting on the sidelines Friday to plot their next move, traders on Monday morning pushed April natural gas futures significantly higher, breaking through the psychological $7 level without flinching and recording a 36.6-cent gain (5.4% increase) on the day to settle at $7.138.
California Sees Light at the End of a Very Dark Week
As California kept its string of Stage One and Two power alertsgoing through most of last week, the plot in its now six-month-olddrama thickened with an endless array of actors and subplots.Without a break for intermission, the spotlight shifted to federalofficials in Washington, DC, late in the week for the second act ofsteps that might bring some order to the chaotic western wholesaleelectricity market covering about a dozen states.
CA’s Electricity Drama Has Growing Cast; New Venue
As California kept its string of Stage One and Two power alertsgoing Thursday, the plot in its now six-month-old drama thickenedwith an endless array of actors and subplots. Without a break forintermission, the spotlight shifts to FERC today and what itsaction might bring in settling the chaotic western wholesaleelectricity market.
Multiple Basins Starring In Gas Supply Plot
As the curtain slowly falls on gas supply from the Gulf ofMexico Continental Shelf, the deep-water waits in the wings.Canadian producers are scripting their role on the U.S stage. Andthe Alaskan gas play’s Lower 48 audience can’t buy tickets to theshow for about a decade.
Multiple Basins Starring in Gas Supply Plot
As the curtain slowly falls on gas supply from the Gulf ofMexico Continental Shelf, the deep-water waits in the wings.Canadian producers are scripting their role on the U.S stage. Andthe Alaskan gas play’s Lower 48 audience can’t buy tickets to theshow for about a decade.
Reliant Energy Picks Illinois for Peaking Facility
In its latest bid to add generation assets to its growingportfolio, Reliant Energy selected a 125-acre plot of land inMcHenry County, IL, last week as the site to develop a 500 MW,gas-fired power plant. The cost of the project was not disclosed. AReliant spokesperson said the company hopes to have the plant inservice by mid-2001.
Reliant Energy Picks Illinois for Peaking Facility
In its latest bid to add generation assets to its growingportfolio, Reliant Energy selected a 125-acre plot of land inMcHenry County, IL, Tuesday as the site to develop a 500 MW,gas-fired power plant. The cost of the project was not disclosed. AReliant spokesperson said the company hopes to have the plant inservice by mid-2001.