Shift

The United States has experienced a “transformational shift in the perceived role of natural gas,” as an energy source that 10 years ago was perceived by some as unreliable and scarce, to one that now is recognized as an “essential component of a clean and secure energy portfolio,” providing an opportunity to satisfy new demand at “affordable” prices into the future, the American Gas Association (AGA) said last week.

The United States has experienced a “transformational shift in the perceived role of natural gas,” as an energy source that 10 years ago was perceived by some as unreliable and scarce, to one that now is recognized as an “essential component of a clean and secure energy portfolio,” providing an opportunity to satisfy new demand at “affordable” prices into the future, the American Gas Association (AGA) said Wednesday.

A monumental shift in global oil demand and supply growth — with North America’s surging supplies exceeding earlier expectations — is redefining the industry and should transform international trade over the next five years, the International Energy Agency (IEA) said Friday.

Higher U.S. manufacturing exports may add up to five million jobs by the end of the decade as manufacturers shift production from Europe and Japan to take advantage of lower domestic costs, including lower natural gas costs, according to The Boston Consulting Group (BCG).

Higher U.S. manufacturing exports may add up to five million jobs by the end of the decade as manufacturers shift production from Europe and Japan to take advantage of lower domestic costs, including lower natural gas costs, according to The Boston Consulting Group (BCG).

Comstock Resources Inc.’s second quarter results took a beating from “extraordinarily low natural gas prices,” but the company continues to shift to oil in a big way and just sealed a joint venture (JV) for its “growth engine” Eagle Ford Shale acreage. Comstock expects good things to come from the Permian Basin and plans to hold on to its Haynesville-Bossier Shale acreage in anticipation of better days for dry gas.

Comstock Resources Inc.’s second quarter results took a beating from “extraordinarily low natural gas prices,” but the company continues to shift to oil in a big way and just sealed a joint venture (JV) for its “growth engine” Eagle Ford Shale acreage. Comstock expects good things to come from the Permian Basin and plans to hold on to its Haynesville-Bossier Shale acreage in anticipation of better days for dry gas.

The historic shift of global energy markets toward increased use of natural gas will create opportunities for economic growth and environmental progress, ExxonMobil Corp. CEO Rex W. Tillerson said last week at the 25th World Gas Conference in Malaysia. Separately, Royal Dutch Shell plc CEO Peter Voser told delegates that abundant unconventional gas reserves were quickly rebuilding the U.S. economy.

Sharp declines in onshore conventional natural gas activity and a more “permanent” shift to liquids plays may bring about a faster reset in the gas market than the futures strip implies, Credit Suisse analysts said Wednesday.