Calling development of the Marcellus Shale play “a great opportunity” for New York, the Public Policy Institute of New York State Inc. (PPI) said a scenario where 500 gas wells were drilled every year in the state would create 62,620 jobs, $2.7 billion in added value and $1 billion in local, state and federal tax revenue.
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Analysts: E&Ps Appear Undeterred by Low Gas Prices
Low natural gas prices failed to deter exploration and production (E&P) operators in 2010 and that’s likely to be the scenario again this year, according to several energy analysts.
Analysts: E&Ps Appear Undeterred by Low Gas Prices
Low natural gas prices failed to deter exploration and production (E&P) operators in 2010 and that’s likely to be the scenario again this year, according to several energy analysts.
Analysts: Credit Uncertainty Around EXCO Buyout
The board of EXCO Resources Inc. has formed a special committee to consider a buyout proposal from CEO Douglas H. Miller. Evaluation of the offer — and any others that might come — is expected by analysts to take anywhere from six to 12 months.
Idaho PUC Grapples with Natural Gas Rate Hike Requests
In a common scenario being repeated by state regulators throughout the West, the Idaho Public Utilities Commission at month’s end approved a 27.6% natural gas rate increase for Intermountain Gas on Friday and set an Oct. 20 deadline for taking comments on a 23.8% gas rate hike proposal by Avista Utilities a day earlier. The Intermountain rate increase is effective Saturday (Oct. 1), and Avista is seeking a Nov. 1 start for its proposed increase.
Forecaster Calls for Warm November-December Period
Looking at the weather scenario following what has been a difficult hurricane season, Andover, MA-based WSI Corp. said it expects the November-December period to be warmer-than-normal for a majority of the United States.
Forecaster Calls for Warm November-December Period
Looking at the weather scenario following what has been a difficult hurricane season, Andover, MA-based WSI Corp. said it expects the November-December period to be warmer-than-normal for a majority of the United States.
Low Canadian Production Could Limit Exports
Despite record drilling and high gas prices, Canadian producersstill are not managing to boost production. TransCanada Pipelinesestimates Alberta field receipts were 2% lower than expected thiswinter and ended up being essentially flat with the 12.4 Bcf/drecorded in winter 1998-99.
Canadian Production to Remain Flat this Summer
Despite record drilling and high gas prices, Canadian producersstill are not managing to boost production. TransCanada Pipelinesestimates Alberta field receipts were 2% lower than expected thiswinter and ended up being essentially flat with the 12.4 Bcf/drecorded in winter 1998-99.
Study Forecasts a Larger, More Diversified Demand Scenario
In a new study forecasting gas supply and demand over the next15 years, GRI said demand will reach 32.7 Tcf by 2015, but theindustry will have to adapt to changing consumption patterns inorder to take advantage. The results of the report, titled “GRIBaseline Projection of U.S. Energy Supply and Demand to 2015, 2000Edition,” were released last week at the National Press Club.