Prospects

Ohio Landowners Optimistic They Will Lease Their 95K Acres

Several groups of Ohio landowners looking to lease thousands of acres in the Utica Shale believe their prospects are getting brighter now that the U.S. presidential election is over, oil and natural gas companies are starting to make moves and promising results are emerging from a well in Athens County.

November 9, 2012

Industry Briefs

Honeywell’s UOP business is buying a 70% stake in Thomas Russell Co., a privately held provider of technology and equipment for natural gas processing and treating. UOP provides process technology, materials and equipment to petroleum refining, petrochemical, and gas processing industries. It will now be able to offer a range of technologies and products that allow shale and conventional natural gas producers to remove contaminants from natural gas and recover high-value natural gas liquids (NGL). Founded in 2002, Tulsa, OK-based Thomas Russell specializes in the design, engineering, fabrication and start-up of skid-mounted modular packaged plants systems for the recovery and upgrading of NGLs. UOP is paying $525 million in cash for the interest and has a right to acquire the remaining 30% stake. Closing, subject to conditions, is expected during the fourth quarter.

October 2, 2012

TransCanada Mainline: Possible ‘Crash Scene…Funeral’

Prospects of prolonged natural gas gluts have prompted a recommendation for Canada’s National Energy Board (NEB) to start preparing for hearings on costs of shutting down an industry cornerstone: TransCanada Corp.’s Mainline from Alberta to Ontario, Quebec and border crossings into the U.S. Midwest and Northeast.

September 24, 2012

Industry, Regulators Ponder TransCanada Mainline ‘Crash Scene…Funeral’

Prospects of prolonged natural gas gluts have prompted a recommendation for Canada’s National Energy Board (NEB) to start preparing for hearings on costs of shutting down an industry cornerstone: TransCanada Corp.’s Mainline from Alberta to Ontario, Quebec and border crossings into the U.S. Midwest and Northeast.

September 24, 2012

Fitch Cuts U.S. Gas Price Deck for 2012

Fitch Ratings on Wednesday cut its U.S. natural gas price deck for 2012, with the base case Henry Hub (HH) price at $2.75/Mcf, on weak pricing and the prospects of an ongoing oversupply in the domestic markets.

August 16, 2012

Germany Releases Optimistic Shale Gas Estimate

Germany’s shale plays could hold trillions of cubic feet of natural gas, according to figures released last week by the Federal Institute for Geosciences and Natural Resources (BGR), a government geosciences authority.

July 5, 2012

Booming Bakken Creates Hiring, Housing Surge

Naggingly low natural gas prices apparently haven’t dimmed prospects in the Bakken Shale in North Dakota and Montana, where the booming play is driving a surge in hiring, housing starts, infrastructure projects and more.

May 21, 2012

Booming Bakken Creating Hiring, Housing Surge

Naggingly low natural gas prices apparently haven’t dimmed prospects in the Bakken Shale in North Dakota and Montana, where the booming play is driving a surge in hiring, housing starts, infrastructure projects and more.

May 18, 2012

Ultra-Deepwater Rigs ‘Essentially Sold Out’ Until 2014

Prospects for offshore drillers look promising over the next few years, especially for ultra-deepwater (UDW) rigs, which are “essentially sold out” until 2014, according to Raymond James & Associates Inc.

May 1, 2012

Utah Gas Production Plans Boosted by BLM

The prospects for expanding natural gas exploration and production (E&P) on federal Bureau of Land Management (BLM) lands in eastern Utah were given a boost by the federal agency on Friday, although the action drew strong opposition from environmental groups concerned about the impact on a rugged wilderness area.

March 20, 2012