Thanks

A forecast migration to the north and west in the sources of Canadian natural gas supplies has taken a stride ahead, thanks to a favorable pipeline regulatory ruling (see Daily GPI, March 1). TransCanada Corp. obtained approval from the National Energy Board (NEB) for the C$324 million (U.S. dollar at par) addition to its Nova gas transportation grid in northern British Columbia and Alberta.

A forecast migration to the north and west in the sources of Canadian natural gas supplies has taken a stride ahead, thanks to a favorable pipeline regulatory ruling. TransCanada Corp. obtained approval from the National Energy Board (NEB) for a C$324 million (U.S. dollar at par) addition to its Nova gas transportation grid in northern British Columbia and Alberta.

Some of the growing gas supply coming out of the Marcellus Shale could find a home in gas-fired power plants in Georgia, Alabama and Tennessee thanks to a proposal from Spectra Energy Corp. to move gas from the booming shale play to markets southward.

Crude oil production in the United States and Canada will grow by 3.1 million b/d, or about 38%, over the next five years thanks to technologies and development practices honed in the U.S. shale gas patch, according to a new analysis by Bentek Energy LLC. The United States alone will grow oil production by 2.2 million b/d, most of it light or intermediate grades, the firm said.

While natural gas prices continue to languish, it’s likely that most producers care less than they did a year ago, thanks to the migration/stampede to liquids-rich production. The shift to liquids is expected by Barclays Capital analysts to continue, with a continuing effect on producer revenues.

While natural gas prices continue to languish, it’s likely that most producers care less than they did a year ago, thanks to the migration/stampede to liquids-rich production. The shift to liquids is expected by Barclays Capital analysts to continue, with a continuing effect on producer revenues.

Coming to grips with the new natural gas market landscape that features plenty of supply thanks to bountiful shale production and lackluster demand due to the current prolonged economic rut, some natural gas and electric utilities across the country are presenting their customers with early holiday gifts in the form of lower energy bills.

Natural gas production in the northeastern United States has grown rapidly since 2009, thanks to increased drilling in the Marcellus Shale, according to data released by the Energy Information Administration (EIA) Tuesday.

Natural gas production in West Virginia is continuing on an upward swing dating back to 2003, thanks in part to development in the Marcellus Shale, a report released this month by the Department of Environmental Protection (DEP) said.