Given current commodity prices, natural gas wells drilled in the Marcellus Shale — wet or dry — compete favorably with marginal Bakken Shale oil wells, but that’s the only gas play in the U.S. onshore that today can compete with Bakken oil well economics, according to an analysis by Barclays Capital.
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Colorado Bill Would Spur Higher Oil/Gas Emissions Standards
A bill to require oil and natural gas companies to meet enhanced water and air emissions standards in order to earn streamlined state environmental permitting was introduced Tuesday by the majority leaders of both houses in the Colorado legislature.
Natural Gas E&P Rally Excites Investors
Natural gas prices have been rallying a bit lately, and stocks “tend to correlate” with changes in the forward curve, but the stock price rally hasn’t been accompanied by a gain in the strip price, Tudor, Pickering, Holt & Co. (TPH) analysts said in a note to clients.
Browner: Gas Needs to Be ‘Bigger Part of Our Energy Future’
While Obama administration policies may tend to discourage the development of natural gas on public lands, environmental czar Carol Browner last Monday said natural gas is critical to the nation’s energy future.
Browner: Gas Needs to Be ‘Bigger Part of Our Energy Future’
While Obama administration policies may tend to discourage the development of natural gas on public lands, environmental czar Carol Browner Monday said natural gas is critical to the nation’s energy future.
Questar: Midcontinent Returns Beat Rockies
Noting that investors tend to view his company’s exploration and production (E&P) unit as a Rockies play, Questar Corp. CEO Keith Rattie said next year the unit will take its capital out of the Rockies and spend it where returns are more attractive, namely northwestern Louisiana and western Oklahoma.
GAO Calls for MMS to Keep Closer Tabs on Gas RIK Program
The Minerals Management Services’ (MMS) oversight of natural gas production volumes under its royalty in kind (RIK) program isn’t as thorough as its oversight of crude oil production volumes, and the agency may tend to overstate the benefits of the RIK program to Congress each year, the Government Accountability Office (GAO) said in a report issued last Wednesday.
Questar Stepping Back From Rockies for Midcontinent
Noting that investors tend to view his company’s exploration & production (E&P) unit as a Rockies play, Questar Corp. CEO Keith Rattie said next year the unit will take its capital out of the Rockies and spend it where returns are more attractive, namely northwestern Louisiana and western Oklahoma.
NASA Links GHG Emissions, Higher Eastern U.S. Temps
A study by National Aeronautics and Space Administration (NASA) scientists suggests that greenhouse gas (GHG) emissions could raise average summer temperatures in the eastern part of the United States nearly 10 degrees Fahrenheit by the 2080s.
NASA Finds Link Between GHG Emissions, Higher Eastern U.S. Temps
A study by National Aeronautics and Space Administration (NASA) scientists suggests that greenhouse gas (GHG) emissions could raise average summer temperatures in the eastern part of the United States nearly 10 degrees Fahrenheit by the 2080s.