As natural gas production from the Marcellus and Utica shales in the Northeast continues to soar, the industry faces a delicate balancing act on what types of pipelines or liquefied natural gas (LNG) projects make economic sense to construct in order to get the gas to market, a panel of industry executives said Monday.
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The Susquehanna River Basin Commission (SRBC) said it will focus on regulatory activities and water quality monitoring related to shale gas development within the basin, as the organization begins its latest two-year Water Resources Program for the fiscal years 2014 and 2015.
Two separate polls conducted by Quinnipiac University show voters in New York and Ohio have very different opinions of shale gas development, with almost two-thirds of Ohioans saying the economic benefits outweigh any environmental concerns, while nearly half of New Yorkers opposed to drilling.
After months of haggling, hedge fund TPG-Axon Capital, which owns 7.3% of outstanding SandRidge Energy Inc. shares, has gained at least a portion of the changes it had urged at the Oklahoma City-based company, and it stands poised to remove CEO Tom Ward or take control of the board of directors.
Attorneys for energy companies and landowners looking to advance shale development in New York State said Thursday morning’s proceedings in state appellate court went well and they expect to hear rulings on two key cases in six to eight weeks, or by mid-May.
U.S. shale plays are on the right track, regulation-wise, even regarding hydraulic fracturing (fracking), according to oil and natural gas professionals surveyed recently by Deloitte LLP.
October futures managed a modest gain Monday as traders grapple with a sense of seasonality but are forced to recognize the ongoing trend lower. At the close October had risen 2.0 cents to $3.829 and November was higher by 1.0 cents to $3.932. October crude oil plunged $2.26 to $85.70/bbl as Euro-worried equity markets fell.
Shale gas production is projected to increase to the point where it becomes the dominant domestic gas supply over the next two decades, but it brings with it the “greatest source of uncertainty” facing North American gas markets, according to the Deloitte Center for Energy Solutions.
Energy industry leaders, while directly challenging the opposition, called on the more than 1,600 people attending the Shale Gas Insight 2011 conference in Philadelphia Wednesday to help promote a national energy policy that significantly expands the role of natural gas.
With oil production from domestic shale plays growing, a Royal Dutch Shell plc subsidiary is considering a plan to reverse flows on its Houma-to-Houston (Ho-Ho) system, which now runs from Houma, LA, to oil processing facilities east of Houston. Reversing the 22-inch diameter pipeline would enable more than 300,000 b/d of crude to be distributed across the Gulf Coast region, the company said.