Louis Dreyfus Natural Gas said yesterday it expects recordreserve additions this year and a rapid in crease in drillingduring the fourth quarter compared to the historical lull thatoccurs late in most years. Just in the last 45 days the company hasclosed five acquisitions, investing $35 million to purchase 45 Bcfof proved reserves.
Rapid
Articles from Rapid
Dominion Targets Mid-Atlantic with New $400M Pipe
The rush is on to build new pipeline capacity to serve rapidgas-fired power generation growth in the Southeast and Mid-Atlanticregions. Dominion Transmission last week announced a proposed $400million pipeline to serve primarily new power plants in Virginiaand North Carolina.
CRE Hearing Addresses Rapid Demand Growth
Mexico’s energy regulatory commission, the Comison Reguladora de Energia (CRE), intends to hold a public hearing in November to discuss measures to deal with gas price volatility, strong demand growth and future improvements in Mexican natural gas industry competition.
CRE Hearing Addresses Rapid Demand Growth
Mexico’s energy regulatory commission, the Comison Reguladora deEnergia (CRE), has called for a public hearing to discuss measuresfor advancing toward a “more efficient and competitive Mexicannatural gas industry.” The call for action follows an Aug. 1measure implemented by the CRE to alleviate the burden of therecent price volatility experienced by the gas industry.
EnronOnline’s CEO Sees Rapid Market Growth
It wasn’t the first trade conducted on EnronOnline when it debuted last November that CEO Louise Kitchen was excited about. Rather, it was a trade by someone who liked to handle his transactions in a casual way, what she called a “golf course” trader.” When he completed a petroleum transaction on EnronOnline’s system last year, Kitchen said she knew Enron’s new launch would be successful.
EnronOnline’s CEO Sees Rapid Market Growth
It wasn’t the first trade conducted on EnronOnline when itdebuted last November that CEO Louise Kitchen was excited about.Rather, it was a trade by someone who liked to handle histransactions in a casual way, what she called a “golf course”trader.” When he completed a petroleum transaction on EnronOnline’ssystem last year, Kitchen said she knew Enron’s new launch would besuccessful.
Cash Dives on Cool Weather as Gordon Wimps Out
Cool fall weather and rapid breakdown of the storm formerlyknown as Hurricane Gordon were enough to take the wind out of thecash market’s sails yesterday as prices plummeted across the board.
Gas Pipes Urged to Learn from Bellingham
Electric generation’s growing appetite for natural gas ispropelling rapid changes in the gas industry’s traditional businesspractices that will pose greater challenges to pipeline safety,says the chairman of the INGAA Pipeline Safety Task Force.
Storage Operators Eager to Meet Demand Growth
Natural gas storage operators aren’t being left behind as theindustry prepares for rapid gas demand growth. NGI’s new survey andmap of North America’s gas storage operations shows new storagefields and expansions cropping up all over the continent, andaccording to a new study by the Gas Research Institute this is onlythe beginning of what will be needed as gas demand grows beyond 30Tcf/year.
Storage Operators are Eager to Meet Demand Growth
Storage operators aren’t being left behind as the industryprepares for rapid gas demand growth. NGI’s new survey and map ofNorth America’s gas storage operations shows new storage fields andexpansions cropping up all over the continent, and according to anew study by the Gas Research Institute, this is only the beginningof what will be needed as gas demand grows beyond 30 Tcf/year.