WPX Energy Inc. said its first horizontal test well targeting the Niobrara formation in western Colorado’s Piceance Basin has produced encouraging results, with the potential of more than doubling its proved, probable and possible (3P) reserves.
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Marcellus Gas Output Only Going Higher, Says Analyst
Raymond James & Associates Inc. on Tuesday revised upward its 2013 U.S. natural gas production forecast to average about 66.8 Bcf/d, up 1.3 Bcf/d from a previous forecast, mostly because Marcellus Shale output has not declined, while associated gas from oil drilling is only adding to the surplus.
Industry Brief
Pacific Gas and Electric Co. has added a high-tech laser scanning device to its safety tool box for its pipeline systems. EXAscan, which is produced by Creaform in Quebec, may be placed a few inches above a section of pipe to produce 3-D views. It is said to be accurate within 40 microns (0.0016 of an inch) to detect potential corrosion, dents or warping. PG&E is able to capture information electronically for an entire pipeline section within minutes, a spokesperson said.
FERC Steps Out of Hawaiian LNG Project Regulation
The Gas Co. LLC’s (TGC) plans to operate facilities in Hawaii to receive liquefied natural gas (LNG) sourced from natural gas produced in the continental U.S. do not include “an LNG terminal as envisioned under NGA [the Natural Gas Act]” and therefore do not require FERC authorization, the Commission said Thursday.
FERC Steps Out of Hawaiian LNG Project Regulation
The Gas Co. LLC’s (TGC) plans to operate facilities in Hawaii to receive liquefied natural gas (LNG) sourced from natural gas produced in the continental U.S. do not include “an LNG terminal as envisioned under NGA [the Natural Gas Act]” and therefore do not require FERC authorization, the Commission said Thursday.
Number of Ohio Utica Wells Drilled Surpasses 200
A total of 205 horizontal wells were drilled in Ohio’s Utica Shale through Jan. 5, and seven more were drilled in the state’s portion of the Marcellus Shale , according to the Ohio Department of Natural Resources (ODNR).
Economist Cites Texas NGLs for Petchem Boom
Everyone knows “Texas tea” means oil, but in the Lone Star state, ethylene produced from booming supplies of natural gas liquids (NGL) might come to be known as “Texas sweetened tea” for the profitability it’s bringing to the Gulf Coast petrochemical industry.
Crosstex Expanding Louisiana NGL Facilities
Crosstex Energy LP is proceeding with Phase II of its Cajun-Sibon natural gas liquids (NGL) pipeline extension and fractionator expansion in Louisiana.
Noble Energy Targeting Niobrara, Marcellus in 2013
Noble Energy Inc. announced Thursday that it plans to spend $3.9 billion on capital expenditures (capex) in 2013, almost half of which will go toward drilling horizontal wells in the Niobrara-Denver Julesburg (DJ) Basin.
Ohio Reports More Oil, Less Gas Produced in 2011
Ohio wells produced about 73.3 Bcf of natural gas and 4.9 million bbl of oil in 2011, according to a report released this week by the Ohio Department of Natural Resources’ (ODNR) Division of Oil and Gas Resources Management.