U.S. natural gas exporters are on course for a seventh straight record year for northbound sales, according to the U.S. Department of Energy’s (DOE) trade scorecard.
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DCP Midstream LLC and DCP Midstream Partners LP said they are constructing the Goliad cryogenic gas processing plant to serve liquids-rich production from the Eagle Ford Shale in South Texas. The plant will have capacity of 200 MMcf/d and will become part of the DCP Eagle Ford system providing Eagle Ford producers one-stop service from the plant tailgate to Gulf Coast market centers, the partners said. The plant will be constructed and funded by the previously announced DCP Eagle Ford Joint Venture formed Nov. 1, which is owned two-thirds by DCP Midstream and one-third by DCP Midstream Partners. It is expected to be completed by the first quarter of 2014. The plant will be the seventh in South Texas owned by the DCP enterprise.
Upstream exploration and production (E&P) spending in North America is leading the world for the seventh consecutive year, according to a report by GlobalData.
Trans Energy Inc. has begun drilling the Lucey #1H well, its seventh horizontal Marcellus Shale well in Marshall County, WV, the company said. The drilling of the Keaton #1H well, which was begun by the independent exploration and production company in November (see Shale Daily, Nov. 23, 2010), has been completed. St. Marys, WV-based Trans Energy said it completed the 11-stage hydraulic fracture (frack) of Stout #2H in Marshall County last week and this week will begin the process of drilling out the frack plugs; fracking is scheduled in March for Keaton #1H and in February for Groves #1H, the company said. Trans Energy is moving to a development phase from an exploration phase as it develops its acreage position in northern West Virginia.
With the year’s seventh named tropical storm, Hurricane Gustav, forecast to strengthen and possibly enter the southeastern Gulf of Mexico this weekend, WSI Corp. said its forecast for the Atlantic hurricane season remains unchanged, with 15 named storms, including nine hurricanes, four of them intense (Category Three or greater) to form by Nov. 30.
U.S. natural gas reserves, boosted by existing field extensions, increased for the seventh year in a row in 2005, with proved dry gas reserves up 6.2% from 2004 — the largest annual increase since 1970, the Energy Information Administration (EIA) reported last week. Onshore reserve additions were big enough to overcome a 10% decline in offshore Gulf of Mexico (GOM) numbers, which fell year-over-year partly because of last year’s hurricanes.
U.S. natural gas reserves, boosted by existing field extensions, increased for the seventh year in a row in 2005, with proved dry gas reserves up 6.2% from 2004 — the largest annual increase since 1970, the Energy Information Administration (EIA) reported Tuesday. Onshore reserve additions were big enough to overcome a 10% decline in offshore Gulf of Mexico (GOM) numbers, which fell year-over-year partly because of last year’s hurricanes.