Searching

With the wave of new shale gas supplies flooding the U.S. market and pushing prices to nearly 10-year lows, the natural gas industry is actively searching out new markets and customers to increase demand, panelists told an audience last week at the Pennsylvania Independent Oil & Gas Association’s Winter Meeting in Champion, PA.

With the wave of new shale gas supplies flooding the U.S. market and pushing prices to nearly 10-year lows, the natural gas industry is actively searching out new markets and customers to increase demand, panelists told an audience at the Pennsylvania Independent Oil & Gas Association’s Winter Meeting in Champion, PA, on Tuesday.

With the wave of new shale gas supplies flooding the U.S. market and pushing prices to nearly 10-year lows, the natural gas industry is actively searching out new markets and customers to increase demand, panelists told an audience at the Pennsylvania Independent Oil & Gas Association’s Winter Meeting in Champion, PA, on Tuesday.

With a goal to be rid of coal-fired generation by 2020, the Los Angeles Department of Water and Power (LADWP) is searching for alternatives to its stake in the Utah-based coal-fired Intermountain Power Project (IPP) facility. One option may be to covert some of the units to run on natural gas.

Will the natural gas industry have excess supply and delivery infrastructure frantically searching for demand in the next decade or is the oversupply not what it seems? The competing views came from two industry experts at the LDC Gas Forum: Rockies & West meeting in Los Angeles last Tuesday.

Looking ahead over the next decade the natural gas industry can be characterized as having excess supplies of the commodity and infrastructure that will be searching frantically for added demand, an industry strategist told the LDC Gas Forum: Rockies & West meeting in Los Angeles Tuesday.

Looking ahead over the next decade the natural gas industry can be characterized as having excess supplies of the commodity and infrastructure that will be searching frantically for added demand, an industry strategist told the LDC Gas Forum: Rockies & West meeting in Los Angeles Tuesday.

Federal officials said the U.S. Geological Survey (USGS) will begin a two-year study of the Bakken Formation in October to obtain a better estimate of undiscovered, technically recoverable oil and gas contained in Montana and North Dakota portions of the shale play.

The number of rigs actively searching for oil and gas in U.S. unconventional plays dropped by 1% for the week ending April 8, wiping out the 1% gain recorded for the segment during the previous week, according to NGI’s Shale Daily Unconventional Rig Count.