Rebirth

George P. Mitchell, whose company successfully paired horizontal drilling with hydraulic fracturing (fracking), which launched the rebirth of onshore natural gas and oil drilling in North America, was honored last week by Texas Gov. Rick Perry and state legislators.

George P. Mitchell, whose company successfully paired horizontal drilling with hydraulic fracturing (fracking), which launched the rebirth of onshore natural gas and oil drilling in North America, was honored Monday by Texas Gov. Rick Perry and state legislators.

George P. Mitchell, whose company successfully paired horizontal drilling with hydraulic fracturing (fracking), which launched the rebirth of onshore natural gas and oil drilling in North America, was honored Monday by Texas Gov. Rick Perry and state legislators.

Calling it a “rebirth” for combined-cycle plants, Calpine Corp. CEO Jack Fusco said Wednesday that natural gas-fired capacity factors are rising in the electric generation sector, but power prices must also rise to encourage the building of more replacement capacity.

Speaking at the City Club of Cleveland last Friday, the head of the American Petroleum Institute (API) said the state of Ohio is experiencing an energy “rebirth” as a result of the surge in shale gas development and that it could be a game changer for jobs and economic growth in the state.

The independent exploration and production (E&P) companies pioneered the natural gas industry’s rebirth in North America, but ExxonMobil Corp.’s decision to buy one of the most nimble unconventional producers, XTO Energy Inc., could signal a changing of the guard in the oil patch. The transaction, however, also has focused a brighter spotlight on ExxonMobil, which has few friends in the Democratically controlled Congress, analysts said this week.

The Department of Energy (DOE) may have shelved the FutureGen project last year, but the clean coal initiative is not dead, and it may, in fact, be on the verge of a rebirth, according to FutureGen Alliance spokesman Lawrence Pacheco.

The rebirth of liquefied natural gas (LNG) as an economic alternative for new deliveries most likely will significantly alter the trading patterns of natural gas within 25 years, ultimately transforming gas into a globally traded commodity, similar to how oil is traded worldwide today, according to a new study by economic consultant DRI-WEFA. This shift in trading patterns, said the authors, will improve the security of supply and maintain gas prices, which will be driven by the U.S. benchmark price.

The rebirth of liquefied natural gas (LNG) as an economic alternative for new deliveries most likely will significantly alter the trading patterns of natural gas within 25 years, ultimately transforming gas into a globally traded commodity, similar to how oil is traded worldwide today, according to a new study by economic consultant DRI-WEFA. This shift in trading patterns, said the authors, will improve the security of supply and maintain gas prices, which will be driven by the U.S. benchmark price.