Whether the Tuscaloosa Marine Shale turns out to be the kind of prospect that ranks among energy industry biggies is still a waiting game, one of the trend’s followers said last week.
Prospect
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Tuscaloosa Trending — Check Back in Six Months
Whether the Tuscaloosa Marine Shale turns out to be the kind of prospect that ranks among energy industry biggies is still a waiting game, one of the trend’s followers said Tuesday.
People
The composition of the New Mexico Public Regulation Commission (PRC) is changing with the election of one new member in the recent state primary and the prospect for a second new regulator following the general election in November. Current District 1 Commissioner Jason Marks is term-limited out this year. Bernalillo County Assessor Karen Montoya won a Democratic primary and will face Republican candidate Christopher Ocksrider in November for the seat. In the meantime, Valerie Espinoza, a county clerk in Santa Fe, gained sufficient votes for the District 3 seat to allow her to bypass a runoff and head straight to the PRC, replacing Douglas Howe. Howe was appointed by Gov. Susana Martinez on an interim basis to fill a vacancy created when Jerome Block resigned last year after pleading guilty to felony charges involving embezzlement of public funds.
McMoRan Exploration Results ‘Positive’ — Davy Jones Still Blocked
Despite an ongoing struggle to clear a blockage on its Davy Jones prospect, considered one of the biggest natural gas discoveries in the Gulf of Mexico’s shallow waters, McMoRan Exploration Co.’s exploration results “remain positive,” the New Orleans-based producer said.
UK Operator Doubles Shale Estimates; Others Await Frack Report
IGas Energy plc, which explores in the United Kingdom’s onshore, said shale gas reserves at its Ince Marches prospect in Cheshire, England, may be close to 10 Tcf, or double the original estimate. The producer now is looking for a farm-in partner.
Shale-Driven Low Gas Prices Reorder Power Sector
Shale-inspired historic low prices for natural gas are reconfiguring the electricity generation sector, particularly for renewable or clean power, according to Sacramento, CA-based consultant/independent power entrepreneur Mark Henwood. The market is beginning to notice what Henwood called “this rapid shift in natural gas economics.”
Republican Senators Try to Accelerate Keystone XL Pipe Project
With the prospect for thousands of construction and manufacturing jobs, legislation was introduced in the U.S. Senate Wednesday to speed up a final federal decision on the stalled C$7 billion, 1,700-mile Keystone XL oil pipeline proposed to run from Alberta, Canada to Gulf of Mexico (GOM) refineries in the United States.
PG&E Facing Questions About Gas Distribution Pipes
Pacific Gas and Electric Co. (PG&E) experienced leaks and a resulting fire in its two-inch diameter plastic distribution main at the end of last month. As a result, it is facing the prospect of stepping up surveying and maintenance of its 40,000-mile distribution pipeline system. The company’s transmission pipelines have been under scrutiny following a deadly explosion one year ago.
Chevron Strikes Oil at Deepwater Moccasin Prospect
Chevron Corp. said Tuesday it struck oil at its Moccasin prospect in the deepwater Gulf of Mexico (GOM).
Shell to Make ‘Sizable’ Deepwater Investment
A U.S. subsidiary of Royal Dutch Shell plc last week sanctioned the Cardamom oil and natural gas field in the Gulf of Mexico (GOM), a deepwater prospect that is expected to produce 50,000 boe/d at peak production and more than 140 million boe over its lifetime.