Shale

Midcontinent Express Gets FERC Nod, Moves to Expand

Just days after FERC approved the mammoth pipeline project, backers of the Midcontinent Express Pipeline, which would give shale producers in Texas, Arkansas and Oklahoma access to southern and eastern markets, last Tuesday announced that they had completed a successful binding open season for a 300,000 Dth/d expansion of a portion of the planned system.

August 10, 2009

Goldman: Natgas-Oil Disconnect Will Only Last So Long

The surge in U.S. unconventional gas production from shale plays has led to a disconnect between natural gas prices and the oil complex, which can persist in the near-to-medium term but is not sustainable in the long run, said analysts in a new Goldman Sachs report on commodities.

June 29, 2009

Goldman: Natgas-Oil Disconnect Will Only Last So Long

The surge in U.S. unconventional gas production from shale plays has led to a disconnect between natural gas prices and the oil complex, which can persist in the near-to-medium term but is not sustainable in the long run, said analysts in a new Goldman Sachs report on commodities.

June 26, 2009

CenterPoint to Move Chesapeake’s Haynesville Shale Gas

CenterPoint Energy Gas Transmission Co. (CEGT) has entered into two separate firm transportation agreements to transport Chesapeake Energy Corp.’s Haynesville Shale natural gas, the companies announced late Monday.

March 4, 2009

Texas Energy Industry Sees Downturn

Buoyed by the Barnett Shale’s output, the Texas oil and natural gas economy rose for six years straight, but all of that came crashing down late in 2008, according to the Texas Alliance of Energy Producers.

February 16, 2009

Texas Energy Industry Feels Impact of Recession, Lower Prices

Buoyed by the Barnett Shale’s output, the Texas oil and natural gas economy rose for six years straight, but all of that came crashing down late in 2008, according to the Texas Alliance of Energy Producers.

February 13, 2009

Midcontinent Express Files Application to Expand System

Midcontinent Express Pipeline (MEP) has filed an application at FERC for a 300,000 MMcf/d expansion of its mammoth pipeline project that would provide takeaway capacity for shale producers in Texas, Arkansas and Oklahoma.

February 12, 2009

Industry Brief

Questar Corp. subsidiary Questar Exploration and Production (E&P) Co. has completed the company’s first operated Haynesville Shale horizontal wells in northwest Louisiana. The Waerstad #3, located in Red River Parish, was placed on production at an initial rate of 16 MMcf/d on a 23/64-inch choke with 6,400 pounds per square inch (psi) flowing casing pressure. Eight fracture stimulation stages were pumped in the 3,234-foot horizontal lateral. Questar E&P has a 100% working interest in the Waerstad #3 well. The Wiggins 36H- #1, located in Bienville Parish, was placed on production at an initial rate of 7.4 MMcf/d on a 22/64-inch choke with 5,450 psi flowing casing pressure. Nine fracture stimulation stages were pumped in the 3,455-foot horizontal lateral. Questar E&P has a 62% working interest in the Wiggins 36H- #1 well. The E&P unit also is drilling two additional company-operated Haynesville horizontals and is participating in four other wells that are in various stages of completion. Questar E&P has 31,000 net acres of leasehold in the Elm Grove, Woodardville and Thorn Lake areas of the northwestern part of the state.

November 25, 2008

Storage Value, Development Predicted to Grow

The gas supply outlook has shifted from a thirst for liquefied natural gas (LNG) imports to reliance on maturing and emerging shale plays in Texas, Louisiana, Arkansas and Pennsylvania; new pipelines and capacity expansions reconfigure continental gas flows; and increasing gas-fired power generation elevates summer demand peaks. Gas storage developers are in the midst of it all.

September 15, 2008

Storage Value, Development Predicted to Grow Despite Challenges

The gas supply outlook has shifted from a thirst for liquefied natural gas (LNG) imports to reliance on maturing and emerging shale plays in Texas, Louisiana, Arkansas and Pennsylvania; new pipelines and capacity expansions reconfigure continental gas flows; and increasing gas-fired power generation elevates summer demand peaks. Gas storage developers are in the midst of it all.

September 11, 2008