Success

Success at extracting natural gas and natural gas liquids (NGL) from North American shales has turned the conversation about NGLs and the U.S. petrochemical industry around 180 degrees. The abundance of feedstock and fuel coming from shale plays has caught the attention of the petrochemical industry, but still more confidence is needed before the real investment can begin.

Success at extracting natural gas and natural gas liquids (NGL) from North American shales has turned the conversation about NGLs and the U.S. petrochemical industry around 180 degrees. The abundance of feedstock and fuel coming from shale plays has caught the attention of the petrochemical industry, but still more confidence is needed before the real investment can begin.

Having enjoyed success in the Haynesville Shale in DeSoto Parish, LA, Houston-based Mainland Resources Inc. heard a call to go east — to Mississippi, where as it turns out the Haynesville “expands significantly,” CEO Nicholas Atencio told NGI’s Shale Daily.

Having enjoyed success in the Haynesville Shale in DeSoto Parish, LA, Houston-based Mainland Resources Inc. heard a call to go east — to Mississippi, where as it turns out the Haynesville “expands significantly,” CEO Nicholas Atencio told NGI.

Dallas-based EXCO Resources Inc. on Thursday credited drilling success in the Haynesville Shale for “a significant increase” in proved reserves. The company also said it is shopping for offers that would compete with a buyout proposal it received from its CEO late last year.

Dallas-based EXCO Resources Inc. on Thursday credited drilling success in the Haynesville Shale for “a significant increase” in proved reserves. The company also said it is shopping for offers that would compete with a buyout proposal it received from its CEO late last year.

Labeling the success of China and other countries in clean energy industries as a new “Sputnik Moment” for the United States, U.S. Energy Secretary Steven Chu told an audience at the National Press Club in Washington, DC, Monday that America needs to mobilize its innovation machine “so that we can compete in the global race for the jobs of the future.”

State Review of Oil & Natural Gas Environmental Regulations Inc. (STRONGER), a nonprofit organization whose board is composed of state, industry and public interest representatives, will be conducting a review of the hydraulic fracturing portions of the oil and gas regulatory program of the Louisiana Department of Natural Resources Office of Conservation against guidelines developed by STRONGER. A report containing review team findings will be made available to interested parties. The organization recently conducted a similar review in Pennsylvania (see Daily GPI, Sept. 24).

TransCanada Corp. is poised to chalk up a success for northern natural gas development by giving aboriginal communities a piece of the action.