After three years of exponential growth, the Marcellus Shale is showing signs of plateauing this year.
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Cabot Cutting Marcellus Spending 20%
Following in the footsteps of other major Marcellus Shale operators, Cabot Oil & Gas Corp. plans to reduce capital spending by about $100 million this year in response to low natural gas prices.
Maryland Lawmakers to Consider Severance Tax Bills
A pair of Maryland lawmakers have introduced a bill that would implement a 15% severance tax on the wholesale market value of natural gas produced in the state beginning Jan. 1, 2013.
Gas Transport Is Growing Issue for North Dakota
North Dakota’s oil/natural gas boom continues to be a mixed blessing for state energy planners, and future pipeline infrastructure’s adequacy is one of many questions state officials hope to have some answers for by mid-year. A study is under way by the state Pipeline Authority to determine if existing infrastructure will be adequate.
Spectra Sees Growth at Both Ends of the Pipe
Thanks to shale plays and the evolving natural gas and natural gas liquids (NGL) supply-demand story, the assets of Spectra Energy Corp. and DCP Midstream LLC are poised for growth on multiple fronts, executives said last week.
Spectra Execs See Growth at Both Ends of the Pipe
Thanks to shale plays and the evolving natural gas and natural gas liquids (NGL) supply-demand story, the assets of Spectra Energy Corp. and DCP Midstream LLC are poised for growth on multiple fronts, executives told investors and financial analysts Tuesday.
Epsilon: Chesapeake JV in Marcellus Yields ‘Significant’ Production
Ontario-based Epsilon Energy Ltd., which is working with Chesapeake Energy Corp. in the Marcellus Shale, said Friday it ended 2011 with a “substantial” increase in Pennsylvania natural gas production, which was in line with its exit guidance.
Cheniere Plans to Liquefy, Export Eagle Ford Gas
Cheniere Energy Inc., which has been developing domestic gas liquefaction and export capability on the Gulf Coast in Louisiana, said Friday it is seeking to do the same in Corpus Christi, TX, with a facility that would be primarily supplied with gas from the Eagle Ford Shale in South Texas.
Shales Heating Up Talk of U.S. as LNG Exporter
The surge of U.S. shale gas supplies has caused a large-scale rethink on liquefied natural gas (LNG) and the relationship of the U.S. gas market to that of the rest of the world. Those who used to watch U.S. shores for inbound tankers now wonder how soon and how many tankers will leave this country loaded with liquefied shale gas.
Hanger: Shale Gas Faces ‘Intense Competition’
Don’t expect the energy pie to get bigger, John Hanger, the former head of the Pennsylvania Department of Environmental Protection (DEP), told a Pittsburgh audience Thursday.