Result

Unconventional natural gas and liquids plays account for a larger slice of the gas-directed rig count pie than they did just a short time ago. More horizontal drilling and the emergence of the second generation of shale plays characterize the market today, according to analysts at Barclays Capital.

FERC on Monday launched a staff inquiry into the energy disruptions that occurred across the Southwest early this month as a result of a severe cold snap that affected energy operations from Southern California to Texas from the wellhead to the burnertip (see Daily GPI, Feb. 7).

EQT Corp. grew its proved natural gas reserves by 28% in 2010, ending the year with 5,220 Bcfe. The growth came due to drilling in the Marcellus Shale, continuing improvement in the estimated ultimate recovery of Marcellus wells, as well as an increase in the projected number of wells to be drilled in the Marcellus over the next five years, EQT said.

SM Energy Co. grew proved reserves by 27% last year to 984.5 Bcfe at year-end compared to 772.2 Bcfe at the end of 2009, the company said Tuesday.

Cheniere Energy subsidiary Sabine Pass Liquefaction LLC is disputing claims that its application to export liquefied natural gas (LNG) would result in higher gas prices in the United States and the loss of domestic manufacturing jobs.

In the first approval of its kind in the state, the Ohio Environmental Protection Agency (OEPA) last week signed off on a request bythe city of Warren, OH, to accept pre-treated natural gas well wastewater.

As it shifts its portfolio toward more oily prospects, natural gas producer Williams Cos. said Monday it will pay $925 million to acquire 85,800 net acres in the Bakken Shale.

The power shift in the U.S. House of Representatives will result in Republicans being named to chair committees that likely will be more friendly to the oil and natural gas industry, as well as business in general. In the Senate, only Sen. Lisa Murkowski’s, (R-AK) fate is unknown.

The power shift in Congress will result in Republicans being named to chair committees that likely will be more friendly to the oil and natural gas industry, as well as other energy sectors.