Energy patch communications services provider Texas Energy Network LLC (TEN) has purchased from Verizon Wireless lower 700 MHz A and B block wireless spectrum in the Eagle Ford Shale region of South Texas. The wireless spectrum encompasses 28 counties and will allow TEN to offer service over the entire Eagle Ford Shale play, the company said. “…[I]t will allow us to provide a much needed service to our customers who have been requesting improved communications services in the oilfield for some time,” said TEN CEO Gregory M. Casey. “We intend to build-out our wireless coverage of the Eagle Ford shale region with a 4G LTE network as soon as possible to bring high-speed bandwidth to the region.” The company is currently building a network in the Permian Basin as well. Separately, communications provider ERF Wireless said in April it hired a contractor to build out two high-speed wireless broadband networks in two separate areas of the Permian Basin region adjacent to existing ERF Wireless networks. In addition, ERF Wireless is using its own crews to construct three new networks that are near the extensive terrestrial wireless network system already owned and operated by ERF Wireless in Texas, New Mexico and Oklahoma. ERF is active in the Eagle Ford as well (see Shale Daily, Jan. 13, 2011).
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The promised re-application of a newly split two-part Keystone XL oil pipeline project to the U.S. State Department is still six to eight weeks away, a Calgary, Alberta-based spokesperson for TransCanada Corp. told NGI’s Shale Daily.
The shale gas industry contributed $76.8 billion to U.S. gross domestic product (GDP) and supported more than 600,000 jobs in 2010, but that’s just the tip of the iceberg, according to a report issued Wednesday by the World Economic Forum (WEF) at IHS CERAWeek 2012 in Houston.
Because natural gas demand still is being hurt by weak U.S. gross domestic product (GDP) growth, industrial output and “uncommonly warm weather,” Deutsche Bank on Friday reduced its gas price forecast for the second time in less than a month.
The third quarter production of Cabot Oil & Gas Corp. has not been affected by “recent operational challenges and the logistics of moving gas in northeast Pennsylvania,” the company said Friday.
The Environmental Defense Fund’s (EDF) Mark Brownstein held up an oil and gas company’s magazine advertisement touting “responsible” energy development. “The point is, I don’t really know if it’s true. In fact, no one really knows if it’s true,” said EDF’s energy program deputy director.
The Maryland House of Delegates has approved a bill that would freeze the permitting of Marcellus Shale drilling until 2013 while state agencies review the results of various studies into Marcellus development and hydraulic fracturing (hydrofracking), including a major study being performed by the U.S. Environmental Protection Agency (see Shale Daily, Feb. 24).
Clean Energy Fuels Corp.’s BAF Technologies Inc. unit expanded its compressed natural gas (CNG) product line to include Ford vehicles equipped with the BAF proprietary bi-fuel CNG systems. The new line is to be available this May, including bi-fuel Ford E-250/350 vans and F-250/350 trucks. BAF also announced that it was the first CNG vehicle upfitter in the nation to be named a Ford-qualified vehicle modifier for gaseous fuels. The pickup trucks will be available in both 10 and 20 gasoline gallon-equivalent natural gas fueling packages.
Adding to the week’s trend of back-and-forth trading — a product of a directionless market — October natural gas futures probed lower values on Friday and closed at $3.881, down 13.8 cents from Thursday’s finish and 14.3 cents below the previous week’s close.