Cabot Oil & Gas Corp. continues to find drilling success in the Marcellus, Eagle Ford and Marmaton shale plays, and has doubled liquids production and increased natural gas production 37% since 3Q2010, the company said.
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Hurricane Irene turned out the lights on millions of East Coast residents and in doing so cut demand for natural gas by about 2.8 Bcf, according to an analysis by Bentek Energy LLC. The firm on Aug. 29 said the storm dropped gas demand by 1.3 Bcf in the Northeast since the previous Saturday (Aug. 27) and another 0.8 Bcf of demand loss was expected. About 0.7 Bcf of demand had been lost in the Southeast. Analysts at Canaccord Genuity Inc. also noted the storm’s gas demand destruction. “…[G]as-fired generation has declined by 2-plus Bcf/d over the past couple days, with the heaviest declines, not surprisingly, occurring in the Southeast and Mid-Atlantic regions,” the firm said. “At the same time, precautionary refinery shutdowns in conjunction with activity-limiting flooding suggest industrial demand is likely to see some degradation in these regions as well. Putting it all together, Irene was clearly a net bearish event for the gas complex and, depending on the length of outages, will likely lead to a cumulative natural gas demand loss of 30-plus Bcf over the next couple [of] weeks.”
Texas Grass Is Brown, but Producers’ Glass Is Half Full
The grass has long since turned brown in Texas, with many residents now restricted as to when they can water lawns. However, in most cases municipal water curtailments have yet to reach levels that affect water takes by contract users, such as oil and gas producers.
In Texas the Grass Is Brown, but Producers’ Glass Is Half Full
The grass has long since turned brown in Texas, with many residents now restricted as to when they can water lawns. However, in most cases municipal water curtailments have yet to reach levels that affect water takes by contract users, such as oil and gas producers.
For Gas Demand, Irene Was a Bear
Hurricane Irene turned out the lights on millions of East Coast residents and in doing so cut demand for natural gas by about 2.8 Bcf, according to an analysis by Bentek Energy LLC.
Pennsylvania Health Secretary Wants to Track Marcellus Area Illnesses
Pennsylvania should create a registry to monitor the health of state residents and search for potential health impacts of Marcellus Shale drilling, said Pennsylvania Department of Health Secretary Eli Avila.
Experts Caution Against ‘One Size Fits All’ Shale Regulation
Natural gas experts say they believe the Marcellus Shale play can be developed in a way that benefits both industry and area residents, but they voiced concern about possible federal regulation of hydraulic fracturing (fracking) that they said could be based on situations unique to Marcellus.
Regulator: Eagle Ford Needs Its Own Task Force
In the early days of Barnett Shale drilling in North Texas it would have been nice to have better communication among area residents, municipal governments, regulators and energy companies, Railroad Commission of Texas (RRC) Commissioner David Porter told NGI. To make that happen in the fast-emerging Eagle Ford Shale of South Texas, Porter would like to see a task force focused on the play.
Regulator: Eagle Ford Needs Its Own Task Force
In the early days of Barnett Shale drilling in North Texas it would have been nice to have better communication among area residents, municipal governments, regulators and energy companies, Railroad Commission of Texas (RRC) Commissioner David Porter told NGI’s Shale Daily. To make that happen in the fast-emerging Eagle Ford Shale of South Texas, Porter would like to see a task force focused on the play.
Corbett Remains Opposed to Severance Tax; Might Consider Impact Fees
With the first meeting of his recently formed Marcellus Shale Advisory Commission set for Friday, Pennsylvania Gov. Tom Corbett remains firmly opposed to a state-imposed severance tax on the natural gas industry, but is open to the idea of local impact fees. And those fees can’t be considered until the local impact of drilling is quantified, a Corbett spokesman told NGI’s Shale Daily Thursday.