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.
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Marcellus, Eagle Ford Ready With More Gas, Barclays Finds
The Marcellus and Eagle Ford shales have exactly what the U.S. gas market doesn’t need right now: more gas on the way, according to natural gas analysts at Barclays Capital. They titled their latest note — an analysis of the effects of upcoming pipeline debottlenecking in the two plays — “Unleashing a Caged Monster.”
Marcellus, Eagle Ford Ready With More Gas, Barclays Finds
The Marcellus and Eagle Ford shales have exactly what the U.S. gas market doesn’t need right now: more gas on the way, according to natural gas analysts at Barclays Capital. They titled their latest note — an analysis of the effects of upcoming pipeline debottlenecking in the two plays — “Unleashing a Caged Monster.”
36,000 Shale Wells and Counting
There are roughly 36,000 shale wells in the five major shale basins in the United States that have produced nearly 23 Tcf of natural gas and 682 million barrels of oil and condensate, according to a tally gleaned from state regulatory records by Powell Shale Digest, a weekly newsletter specializing in North American shale news and research.
Williams Engages the Public in Constitution Pipeline Plans
It’s all about engaging the right kind of public participation and Williams has been working on that, launching a series of open house meetings along the route of its proposed 121-mile Constitution Pipeline from northeastern Pennsylvania into the heart of New York State near Albany.
Industry Brief
The city of Corpus Christi, TX, is appealing to the Texas Commission on Environmental Quality (TCEQ) to grant it the right to decide whether to sell water to oil and gas producers for hydraulic fracturing and other purposes in the Eagle Ford Shale of South Texas. One company has approached the city to buy water for industrial purposes, according to Corpus Christi Water Director Gus Gonzalez, as reported by the city’s Caller-Times newspaper. If the TCEQ agrees, the city would be allowed to divert surface water from the Choke Canyon reservoir for mining activities. “If [city] council approves any contract water sales, then all revenues generated will be deposited to the water fund and used to either reduce rates or fund future water supplies,” according to a city document related to the matter.
Chesapeake Taps Former ConocoPhillips Chief to Helm Board
Archie W. Dunham, 73, the former chairman of ConocoPhillips, was tapped Thursday as Chesapeake Energy Corp.’s independent nonexecutive chairman. Dunham, who also was CEO of predecessor Conoco Inc., has had “no previous relationship” with the company, the board said.
CEGT Notifies FERC of Landslide on Pipeline System
CenterPoint Energy Gas Transmission Co. (CEGT), an indirect unit of Houston-based CenterPoint Energy Inc., notified FERC Monday that it began emergency right-of-way (ROW) remediation activities to stabilize an area of a landslide on its system in an effort to avoid disruption of service to customers.
Environmental Group: Go-Slow Approach Right for Oil Shale
The U.S. Bureau of Land Management (BLM) has the right idea with its measured approach to oil shale production in the western United States given the risks involved, according to a white paper by sustainability advocate Ceres.
INGAA Urges FERC to Revise Reservation Charge Policy
A major interstate natural gas pipeline group has called on FERC to “reconsider and revise” its approach to reservation charge crediting, claiming that it is not right to require pipelines to credit reservation charges for outages that occur during systemic upgrades to comply with the new pipe safety act and environmental laws.