Resource

The “reality and potential” of expanding natural gas and liquids from shale continues to have a dramatic impact on the regional and global balances for the two resource streams, PIRA Energy Group said in a new report. The energy consultant released its Annual Scenario Planning Guidebook in “the most uncertain economic environment in decades,” the New York City-based firm stated.

The Barnett Shale’s natural gas production potential is “slowly declining;” however, total resource recovery from the granddaddy of shale plays is expected to be three times what has been produced to date, according to research conducted by the Bureau of Economic Geology (BEG) at The University of Texas at Austin and funded by the Alfred P. Sloan Foundation.

The Barnett Shale’s natural gas production potential is “slowly declining;” however, total resource recovery from the granddaddy of shale plays is expected to be three times what has been produced to date, according to research conducted by the Bureau of Economic Geology (BEG) at The University of Texas at Austin and funded by the Alfred P. Sloan Foundation.

A proposed Wyoming Senate bill (Senate File 157) that would require baseline groundwater testing by oil and natural gas operators before drilling begins has stirred up controversy, with industry officials questioning whether the law is needed.

Seneca Resources Corp., the exploration and production subsidiary of National Fuel Gas Co., said Tuesday that six recently completed wells targeting the Marcellus Shale in Pennsylvania are among the most productive ever drilled in the play, according to initial test results.

Claims by natural gas bears of a “new normal” in U.S. markets because of the unconventional resource revolution aren’t supported by the underlying data, according to Morningstar analysts Mark P. Hanson and Jason Stevens.

Claims by natural gas bears of a “new normal” in U.S. markets because of the unconventional resource revolution aren’t supported by the underlying data, according to Morningstar analysts Mark P. Hanson and Jason Stevens.

The U.S. natural gas market — and thus, long-term gas prices — won’t be upended because of the unconventional resource “revolution” because marginal costs ultimately determine gas prices, according to Morningstar.

Wyoming Gov. Matt Mead spent little time discussing energy issues in his state-of-the-state speech Wednesday, but he did call out coal’s role in the resource-rich state, which has substantial natural gas and coal supplies.