Due in large part to prolific shale gas development, total marketed gas production in the United States in 2011 experienced its largest year-over-year volumetric increase in history, according to the Energy Information Administration’s (EIA) Short-Term Energy Outlook for February.
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Foreigners, Private Equity Eye Big Onshore Deals
Foreign buyers have been gaining intelligence about drilling in North America’s prolific unconventional formations through joint ventures (JV) and region-specific acquisitions with willing U.S. natural gas and producers, but that’s about to change, according to an energy expert with industry consultant PwC US.
Foreigners, Private Equity Said Eyeing Big U.S. Unconventional Deals
Foreign buyers up to now have been gaining intelligence about drilling in North America’s prolific unconventional formations through joint ventures (JV) and region-specific acquisitions with willing U.S. natural gas and producers, but that’s about to change, according to an energy expert with industry consultant PwC US.
EIA Saw Record Volumetric Production Hike Last Year
Due in large part to prolific shale gas development, total marketed gas production in the United States experienced its largest year-over-year volumetric increase in history in 2011, according to the Energy Information Administration’s (EIA) Short-Term Energy Outlook for February.
Idaho Gas Utility: Shale Driving Rate Reductions
Citing “prolific availability” of U.S. shale gas, Intermountain Gas Co. has filed with Idaho regulators for its fifth consecutive rate reduction tied to wholesale costs of gas.
UGI Bringing Marcellus Gas to Pennsylvania Customers
Natural gas produced from Marcellus Shale wells owned by Shell Upstream America and Ultra Petroleum Corp. has begun flowing through a UGI Central Penn Gas Inc. supply pipeline that feeds some 15,000 customers in Tioga, Bradford and Potter counties in Pennsylvania, according to the UGI Utilities Inc. subsidiary.
UGI Utilities Dropping Rates on Marcellus Production Spike
The low price of natural gas may be keeping producers up at night, but it’s helping some Pennsylvania consumers sleep easier.
U.S. Gas Supply ‘Steady as She Grows,’ Says Energy Analyst
A “consensus playbook” is calling for the U.S. natural gas supply curve to flatten over the coming months, but improved drilling and completion technology and a backlog of wells waiting for pipeline connections in the onshore shale plays indicate that growth won’t stall anytime soon, analysts with Raymond James & Associates Inc. said Monday.
El Paso’s E&P Business Readies to Compete as Stand-Alone
Once the spin-off of El Paso Corp.’s exploration and production (E&P) business is completed, the yet-to-be-named independent producer will be formidable competition in some of the prolific unconventional natural gas and oil plays in the United States, CEO Doug Foshee said.
Shale Plays Compete With Each Other, Not Just Conventional Supply
Gas-on-gas competition is a concept long established in the industry. How about shale-on-shale competition?