Reach

A pair of approvals by FERC last week, as well as plans announced by GDF SUEZ Mexico, could help extend the reach of natural gas pipelines — and the market for gas produced in the United States — in Mexico.

The International Energy Agency (IEA) said U.S. gas production could reach 797 billion cubic meters (bcm) (28.14 Tcf) by 2018, 17% higher than last year’s total of 681 bcm (24.05 Tcf), which was a 5% increase over 2011. That’s thanks to shale gas. Other countries have it, but they won’t be getting at it for some time, and that fact will keep the United States among the leading natural gas producers.

Estimated global shale gas and shale oil resources represent 32% of the world’s natural gas and 10% of the world’s crude oil technically recoverable resources, according to an assessment released Monday by the U.S. Energy Information Administration (EIA).

Sanchez Energy Corp. has revised its spending and operations guidance following the closing of the acquisition of South Texas assets from Hess Corp.

The federal government and states would reach a compromise on regulation of hydraulic fracturing (fracking) if the parties agreed to a memorandum of understanding (MOU) on the issue, a Texas official told a House panel Wednesday.

In an unusual reach by local government, the Forward Township Board of Supervisors voted unanimously to enact an ordinance regulating natural gas transmission and gathering pipelines built in the municipality, located in Allegheny County, PA.

North American energy self-suffiency “is within reach,” but an energy strategy that capitalizes on U.S. advantages must be implemented, Business Roundtable (BRT), a group of CEOs of U.S. companies, said Monday.

The country is in the midst of an “unconventional revolution in oil and gas” whose implications reach well beyond the energy industry, IHS Vice Chairman Daniel Yergin, tells the U.S. House Subcommittee on Energy and Power in pre-filed testimony to be given Tuesday.

Shale gas production is on track to grow by 7% a year and reach 54 Bcf/d by 2030, with most of the increase from North America, according to BP plc. The United States this year also may surpass Saudi Arabia and Russia in liquids production.