Provided

Industry Briefs

California regulators provided an option to smart meters — both gas and electric — for San Diego Gas and Electric Co. (SDG&E) and Southern California Edison Co. (SCE) customers last Thursday, mirroring action take earlier in the year by Pacific Gas and Electric Co. (PG&E) (see Daily GPI, Feb. 2). SCE customers who don’t want an advanced digital meter can keep their current meter or one that was at their location prior to the installation of a wireless smart meter. Similarly, SDG&E customers who do not want a smart gas or electric meter can choose to have the analog meters. SCE said it supported the decision by state regulators and will “respond quickly to customers choosing to opt out.” Separately, one of the state’s two large public sector utilities, the Sacramento Municipal Utility District, said it has nearly completed the installation of 600,000 smart meters and an automated electric metering infrastructure.

April 24, 2012

Consultant Sees Prices Firming to $4 Next Winter

Natural gas prices won’t stay as low as they have been for as long as some expect, provided the industry gets a normal 2012-2013 winter heating season and the producer and market response to cheap gas continues, ICF International Vice President Kevin Petak said during one of the firm’s regular industry briefings Tuesday.

April 11, 2012

Playing by the Rules No Longer Enough, Says Range Exec

Exploration and production companies have heeded the call to improve transparency and institute better practices, but there’s more to do to address the concerns of stakeholders in the shale plays, a Range Resources Corp. executive said last week.

October 4, 2011

Oil Plays Lead Unconventional Drilling Growth

The Cana-Woodford, Eagle Ford and Bakken/Sanish/Three Forks plays continued to lead the activity growth in unconventional fields over the last year as oil and gas producers put more weight on liquids-rich shales to take advantage of higher commodity prices found in oil and natural gas liquids. Conversely, some of the nation’s dry gas shales have seen the largest drilling activity declines as natural gas prices remain below $4/MMBtu for much of the country.

October 3, 2011

Southwestern Targeting Arkansas-Louisiana Oil Play

Fayetteville Shale pioneer Southwestern Energy Co. has been branching out to Appalachia’s Marcellus Shale; to New Brunswick, Canada; and to the Lower Smackover Brown Dense formation, an unconventional oil reservoir in southern Arkansas and northern Louisiana. Right now company executives are most enthusiastic about the latter, which Southwestern has been working on for more than two years.

August 2, 2011

Baker Hughes: Service Intensity Per Rig Increasing

Driven by sustained intensity in the U.S. onshore and a slow recovery in the Gulf of Mexico (GOM), the domestic rig count should average 1,850 in 2011, which would be 20% higher than in 2010, Baker Hughes Inc. said Monday.

July 26, 2011

Industry Briefs

Howard Energy Partners (HEP) announced it has acquired Texas Pipeline LLC and Bottom Line Services LLC for $76 million. Two firms — Crosstex Energy LP and Quanta Services Inc. — each provided $35 million in initial funding in exchange for about a 35% share of San Antonio-based HEP. Texas Pipeline operates 250 miles of gathering lines in the Eagle Ford and Pearsall shale plays. Bottom Line has built more than 500 miles of pipeline and installed more than 50 midstream facilities in the Eagle Ford.

June 30, 2011

Unconventional Drilling Continues Decline

Continuing the downward momentum from the previous week (see Shale Daily, April 11), the number of rigs drilling for oil and gas in U.S. unconventional plays dropped by another 1% for the week ending April 15, according to NGI’s Shale Daily Unconventional Rig Count.

April 18, 2011

Murkowski: Will Proposed Fees Apply to Leases Blocked by Interior?

Interior Secretary Ken Salazar has not provided assurances that fees won’t be assessed on nonproducing leases being held up by the federal government, said the ranking member of the Senate Energy and Natural Resources Committee.

March 7, 2011

Legend Natural Gas Enters Barnett with Range Assets

Legend Natural Gas IV LP stepped forward Thursday as the buyer of Range Resources Corp. Barnett Shale assets. Legend said it had struck two deals totaling $1 billion, one of them with Range in the Barnett of North Texas.

March 7, 2011