With natural gas prices at 10-year lows thanks to an extremely mild winter and robust production from U.S. shale gas basins, natural gas price bulls have been cooling their heels for months, not days. However, as producers lay down gas rigs or redirect them to more liquids-rich plays, analysts are eager to pinpoint a date on the calendar when the cuts to drilling will translate into a tighter supply/demand balance, thus giving prices a floor and the ability to rebound.
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Eagle Ford Production Targeted for LNG Export
The backers of multiple U.S. projects to liquefy and export domestic gas have all pointed to robust production coming from shale plays as the reason for their plans. The latest proposal by Cheniere Energy Inc. singles out the Eagle Ford Shale as a source of gas to be liquefied.
Fueling Firm Cool Toward Georgia NGV Plan
Seal Beach, CA-based Clean Energy Fuels Corp. said Wednesday it remains skeptical of plans for a more robust gas transportation fueling network that were approved by the Georgia Public Service Commission (PSC). The regulators went against a staff recommendation, opening some of the network to individual consumers with compressed natural gas (CNG) vehicles.
NGVs Still Seen as Gas Growth Sector, Research Firm Says
As policymakers, stakeholders and industry players all try to rethink the domestic natural gas landscape, the use of gas in transportation continues to raise expectations for robust growth in the next few years. A report from Colorado-based energy research firm Pike Research LLC reiterated the growth scenario, but not without some caveats.
NGV Sector Growing, With Caveats
As policymakers, stakeholders and industry players all try to rethink the domestic natural gas landscape, the use of gas in transportation continues to raise expectations for robust growth in the next few years. A report from Colorado-based energy research firm Pike Research LLC reiterated the growth scenario, but not without some caveats.
With the Heat On, Texas Turns to Gas
Blazing heat and a comparatively robust economy have driven up power demand in the Lone Star State enough to move the Electric Reliability Council of Texas (ERCOT) to contract for power from four mothballed gas-fired generating units.
Nabors CEO: Pressure Pumping Business Rebounds in June
The “pace” of new hydraulic fracturing (fracking) equipment deliveries to North America’s onshore resource plays is back on track after a frustrating three-month delay caused by a wet spring in the Marcellus Shale, harsh conditions in North Dakota and delayed equipment deliveries, the CEO of Nabors Industries Ltd. said Wednesday.
Heat No Deterrent to Stout Storage Build; August Drops
August natural gas retreated Thursday as traders acknowledged a robust increase in gas storage even as major energy markets were subjected to brutal heat. At the close August had fallen 10.5 cents to $4.395 and September had shed 10.7 cents to $4.362. August crude oil added 73 cents to $99.13/bbl.
Sempra to Satisfy California Pipeline Probe, CEO Says
While reporting robust earnings growth quarter over quarter, San Diego-based Sempra Energy’s senior officials predicted Monday that the holding company’s two major California utilities will satisfy an ongoing state probe on pressure testing natural gas transmission pipelines without any adverse impact on earnings.
LNG-Powered Fleet to Serve Haynesville Producers
A California-based company, which now provides produced water services to several shale producers, on Tuesday said an Encana Corp. subsidiary would be the sole fuel supplier for its new fleet of liquefied natural gas (LNG) trucks, which initially would service Haynesville Shale producers.