Ramp

When U.S. natural gas prices finally moved into $4.00/MMBtu territory earlier this year, there wasn’t any rush to ramp up onshore activity, but as each month passes, it’s becoming clear that a “large wave” of domestic demand is about to unfold, according to Barclays Capital.

When U.S. natural gas prices finally moved into $4.00/MMBtu territory earlier this year, there wasn’t any rush to ramp up onshore activity, but as each month passes, it’s becoming clear that a “large wave” of domestic demand is about to unfold, according to Barclays Capital.

Penn Virginia Corp. (PVA) is opening its Eagle Ford Shale oil window wider with the acquisition of 40,600 gross acres (19,000 net) in Gonzales and Lavaca counties, TX, for $401 million from Magnum Hunter Resources Corp. (MHR), which has set its sights, in part, on the Pearsall Shale.

With Isaac’s arrival on Louisiana’s Gulf Coast more than a week behind it, the oil and gas industry continues to ramp up production at facilities that were closed in anticipation of the Category 1 hurricane.

Isaac may be a memory to some along Louisiana’s Gulf Coast but the oil and natural gas industry was continuing Friday to ramp up production at some facilities still shut in after the Category 1 hurricane blew in late last month.

The natural gas industry, from production fields to distribution utilities, is beginning to ramp up efforts to smooth the road to greater use of natural gas as a transportation fuel, according to Encana Corp. Vice President David Hill. He talked to NGI Tuesday at the opening of the Alternative Clean Transportation (ACT) Expo in Long Beach, CA.

Talisman Energy Inc. is slashing dry gas spending again in response to chronically low prices, but the company continues to ramp up production from the liquids-rich shale plays in its portfolio.

Ohio University (OU) said last week for the next five months the campus heating and power plant plans a switch from coal and will run entirely on natural gas.

MarkWest Energy Partners LP has closed on its acquisition of partner The Energy and Minerals Group’s (EMG) 49% stake in MarkWest Liberty Midstream & Resources LLC.