Tells

A small handful of cold, hard numbers tells why Canadian shale gas is forced to rely on elusive Asian exports of liquefied natural gas (LNG) to thaw out drilling prospects

The country is in the midst of an “unconventional revolution in oil and gas” whose implications reach well beyond the energy industry, IHS Vice Chairman Daniel Yergin, tells the U.S. House Subcommittee on Energy and Power in pre-filed testimony to be given Tuesday.

Unconventional oil and gas drilling within the 13 plays tracked by NGI’s Shale Daily Unconventional Rig Count increased by one rig over the previous week to 890 rigs for the week ending Aug. 10. While some of the plays reporting increases or declines in activity were to be expected, others came as a bit of a surprise.

While prices are down, volatility as a percentage of price is not, she tells conference attendees.

In the unconventional gas resource era, falling rig counts no longer mean declining production, and the traditional rig count no longer tells the tale of where the industry and the market are going, according to Bentek Energy LLC.

In the unconventional gas resource era, falling rig counts no longer mean declining production, and the traditional rig count no longer tells the tale of where the industry and the market are going, according to Bentek Energy LLC.

Every week the Energy Information Administration (EIA) tells the gas industry roughly how much of its product is stored underground. Once a year it estimates how big the nation’s gas warehouse actually is. By the latest estimate, capacity has grown due to the opening of facilities and expansions.

Every week the Energy Information Administration (EIA) tells the gas industry roughly how much of its product is stored underground. Once a year it estimates how big the nation’s gas warehouse actually is. By the latest estimate, capacity has grown due to the opening of facilities and expansions.

Twenty-eight major energy companies reported that their net earnings were nearly cut in half to $20.6 billion in fiscal 2002 due to supply-induced lower prices for natural gas and crude oil and the collapse of the energy trading business that year, according to the Energy Information Administration’s (EIA) annual report to Congress on the industry’s performance.