Prove

A major natural gas industrial consumers group has urged FERC to conduct a nationwide review of natural gas pipeline capacity to determine the need for construction to meet the demands of power generators and industrial consumers.

Houston-based ZaZa Energy has completed drilling and casing its Eaglebine Stingray A-1H well in Walker County, TX, and said evaluation results are “very encouraging,” with estimates of 21 Bcf of gas and 29 million bbl of oil per section in place. ZaZa said it expects to begin hydraulic fracturing operations on Nov. 12, with initial production planned for late November.

The Utica Shale holds an estimated 38 Tcf of undiscovered, technically recoverable natural gas, or less than half that of the Marcellus Shale, according to the first assessment of the Appalachian Basin play by the U.S. Geological Survey (USGS). An estimated 940 million bbl of unconventional oil resources and 9 million bbl of natural gas liquids (NGL) also are trapped in Utica rock, said scientists.

Even with a multi-billion-dollar natural gas gathering and processing infrastructure buildout ongoing, North Dakota is not likely to greatly reduce the volumes of gas being flared as an offshoot of its accelerated oil boom, according to an analysis released Thursday by RBN Energy LLC.

Post-holiday heat forecasts and futures gain prove sufficient to rally most of the cash market.

A kissing cousin of the Haynesville Shale may prove to be its equal or better, according to preliminary findings by two of the largest natural gas producers in the country.

A kissing cousin of the Haynesville Shale may prove to be its equal or better, according to preliminary findings by two of the largest natural gas producers in the country.

A kissing cousin of the Haynesville Shale may prove to be its equal or better, according to preliminary findings by two of the largest natural gas producers in the country.

The updated reserves reporting rules for U.S. exploration and production (E&P) companies enacted by the Securities and Exchange Commission (SEC) may prove a struggle for independents in choosing whether to be aggressive with their bookings versus a more conservative approach, particularly when booking proved undeveloped (PUD) locations, analysts said Thursday.