Liquids-rich gas and high initial production rates from oil wells are driving red hot interest in the Eagle Ford Shale, and this is only bolstered by the region’s established midstream infrastructure and proximity to energy markets, Fitch Ratings said in a new report. More isolated shale basins need costly “mega pipelines,” which are tougher on credit ratings, Fitch said.
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ExxonMobil Teams Up to Explore Argentine Shale
Wrapping up a busy Tuesday of transactions with an overarching theme of cooperation on different continents, an ExxonMobil Corp. subsidiary has entered a farm-out agreement with a subsidiary of Canada-based Americas Petrogas for the exploration and potential exploitation of shale in Americas Petrogas’s Los Toldos blocks (163,500 gross acres) located in Neuquen, Argentina.
‘Relentless Campaign’ Urged to Promote Shale Gas Resources
The natural gas industry has to mount a “relentless campaign” that demonstrates to the stakeholders that “gas is good, gas is good, gas is good,” American Gas Association Chairman Robert C. Skaggs Jr. said last week.
Supplier, End-User Disconnect Centers on Price, GasMart Panel Says
It’s the price, stupid! At least that seemed to be the underlying theme and tension for a supplier/marketer/end-users discussion of demand-side issues facing gas purchasers at GasMart 2008 in Chicago last Wednesday.
Disconnect Between Suppliers, End-Users Centers on Price, GasMart Panel Says
It’s the price, stupid! At least that seemed to be the underlying theme and tension for a supplier/marketer/end-users discussion of demand-side issues facing gas purchasers at GasMart 2008 in Chicago Wednesday.
Cash Market Remains Firm as Futures Drop
Keeping the theme intact of moving mostly as a whole on a daily basis, a vast majority of cash points finished out the week with gains on Friday, recording hikes that ranged mostly from a few pennies to a quarter. A few El Paso points out West were some of the only losers on the day, shedding a couple of pennies apiece. It was an up and down week. Friday’s gains built on increases Thursday. Monday and Wednesday showed overall declines offset by widespread increases Tuesday.
Consolidation For Marketing Firms Spawns International Flavor
There is a global theme with a mixture of hard asset and financial players in some of the recent consolidation among energy marketing/trading firms, according to the representatives speaking on a natural gas buying panel at GasMart 2007 in Chicago Thursday. Fortis Energy Marketing/Trading, Integrys Energy Services Inc. and ScottishPower’s U.S.-based PPM Energy all are the product of recent consolidations.
Consolidation For Marketing Firms Spawns International Flavor
There is a global theme with a mixture of hard asset and financial players in some of the recent consolidation among energy marketing/trading firms, according to the representatives speaking on a natural gas buying panel at GasMart 2007 in Chicago Thursday. Fortis Energy Marketing/Trading, Integrys Energy Services Inc. and ScottishPower’s U.S.-based PPM Energy all are the product of recent consolidations.
WSI Sees Warmer than Normal Northeast Through March
Continuing the above-normal-temperature theme from the beginning of winter, Andover MA-based WSI Corp. said late last month that it expects the January-March period to average warmer than normal across the northern two-thirds of the country with below-normal temperatures confined to the southern tier of states. If the forecast holds up, lower natural gas and power prices are sure to follow, analysts say.
WSI Sees Warmer than Normal Northeast Through March
Continuing the above normal temperature theme from the beginning of winter, Andover MA-based WSI Corp. said Tuesday afternoon that it expects the January-March period to average warmer than normal across the northern two-thirds of the country with below normal temperatures confined to the southern tier of states. If the forecast holds up, lower natural gas and power prices are sure to follow, analysts say.