Reach

A report issued by American Clean Skies Foundation Thursday projects that technology-driven changes in oil and gas production since 2007 will lead to annual employment gains of 835,000 to 1.6 million new jobs nationwide by 2017 (more than the entire U.S. auto manufacturing industry), and increase the country’s gross domestic product by $167 billion to $245 billion on a net basis.

Talisman Energy Inc.’s North American production from ongoing operations experienced a healthy increase in 3Q2012, but weak natural gas prices have the company and its new CEO, Hal N. Kvisle, trimming capital expenses (capex) as part of a plan to run a more streamlined operation in 2013.

Bentek Energy LLC said in a new research note that exports of liquefied natural gas (LNG) from the United States will be allowed and could reach as high as 5.4 Bcf/d by 2020, and another 1.4 Bcf/d could be exported from Canada.

The number of operating unconventional rigs increased by seven (1%) in the week ending Sept. 14 but was down significantly (140 rigs, or 14%) compared to last year, according to NGI’s Shale Daily Unconventional Rig Count.

Bentek Energy LLC said in a new research note that exports of liquefied natural gas (LNG) from the United States will be allowed and could reach as high as 5.4 Bcf/d by 2020, and another 1.4 Bcf/d could be exported from Canada.

IGas Energy plc, which explores in the United Kingdom’s onshore, said shale gas reserves at its Ince Marches prospect in Cheshire, England, may be close to 10 Tcf, or double the original estimate. The producer now is looking for a farm-in partner.

With the wave of new shale gas supplies flooding the U.S. market and pushing prices to nearly 10-year lows, the natural gas industry is actively searching out new markets and customers to increase demand, panelists told an audience at the Pennsylvania Independent Oil & Gas Association’s Winter Meeting in Champion, PA, on Tuesday.

Range Resources Corp. is expanding the reach of its Appalachian ethane operation. A subsidiary of the Fort Worth, TX-based company said Thursday it had signed a deal to ship 20,000 b/d on Enterprise Product Partners LP’s proposed Appalachia-to-Texas (Atex Express) ethane pipeline.

Southwestern Energy Services Co. (SESC), an anchor shipper on a Millennium Pipeline expansion project that will transport Marcellus Shale gas, has urged FERC to approve the mostly compression expansion of Millennium by Feb. 1 so that it can be in operation by Nov. 1, delivering additional supplies to Northeast and New England markets.