Consumers generally favor increased domestic energy production but have mixed feelings about the current natural gas boom, a recent poll by the University of Texas at Austin (UT) found. In particular, the survey illustrates how sharply divided the public remains over the use of hydraulic fracturing (fracking) for well stimulation.
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The economy and low commodity prices scuttled capital spending plans this year for scores of U.S. energy companies, but for many operators exploring and developing the natural gas-rich area that straddles a region covering East Texas and northern Louisiana, that’s not the case.
A House spending bill amendment would “penalize scores” of oil and natural gas producers who hold royalty-free leases that were negotiated in 1998 and 1999 by barring them from bidding on new Outer Continental Shelf (OCS) leases in 2007, said the president of the American Petroleum Institute (API) Monday.
Scores of natural gas producers and local distribution companies (LDCs) have lined up to intervene in a complaint proceeding, Norstar Operating LLC vs. Columbia Gas Transmission, saying the outcome of the case at FERC could have widespread ramifications for the industry.
Pipeline companies have scores of projects on the drawing board to export gas from the prolific Rocky Mountains region, but they are awaiting firm producer and customer commitments before going ahead with them, according to pipe executives.
Pipeline companies have scores of projects on the drawing board to export gas from the prolific Rocky Mountains region, but they are awaiting producer and customer commitments before going ahead with them, according to pipe executives.
North American natural gas, which helped propel EnCana Corp. to huge profits last year, will continue to be the “primary focus” for the Calgary-based company, CEO Gwyn Morgan said last week. The company on Thursday reported 2003 earnings of US$2.36 billion ($4.92/share), up 183% from pro forma 2002.
North American natural gas, which makes up two-thirds of EnCana Corp.’s current production, will continue to be its “primary focus” for the long term, CEO Gwyn Morgan said Thursday, while reporting 2003 earnings of US$2.36 billion ($4.92/share), up 183% from pro forma 2002.
The new energy merchant kid on the block Eagle Energy Partners last week announced an exclusive agreement to provide power scheduling and asset management and optimization services for Cobb Electric Membership Corp. (EMC) of Marietta, GA, and seven other electric cooperatives in the state. The agreement is effective on Tuesday (July 15).