Long-haul trucking fleets are increasingly turning to liquefied natural gas (LNG) as a fuel, and with the upcoming availability of larger (12- to 13-liter engines) next year, the U.S. market could eventually reach more than 2 Tcf annually, according to Clean Energy Fuels Corp.’s CEO.
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Talisman Slashes Capex 25% on Weak Natural Gas Prices
Talisman Energy Inc.’s North American production from ongoing operations experienced a healthy increase in 3Q2012, but weak natural gas prices have the company and its new CEO, Hal N. Kvisle, trimming capital expenses (capex) as part of a plan to run a more streamlined operation in 2013.
Haynesville-Eagle Ford Rig Switch Slowing Gas Output
In the current commodity price environment, the best thing about a natural gas rig might be that it can stop drilling for gas, move somewhere else and start drilling for oil. Put another way in a recent note by analysts at Goldman Sachs: “Where a rig is drilling is a more reliable indicator than its classification as a natural gas or oil rig in predicting if the well drilled will be a natural gas well or an oil well.”
Goldman: Haynesville-Eagle Ford Rig Migration Slowing Gas Growth
In the current commodity price environment, the best thing about a natural gas rig might be that it can stop drilling for gas, move somewhere else and start drilling for oil.
Natural Gas Storage Capacity Up 3% in 2011
With dry gas supplies ballooning, it’s probably a good thing that the industry grew demonstrated peak working capacity in underground storage caverns last year, according to the Energy Information Administration (EIA). From April 2011 to April 2012, Lower 48 state capacity increased 3%, or 136 Bcf, to 4,239 Bcf, according to a new EIA report.
EIA: Gas Storage Capacity Grew 3% Last Year with More to Come
With dry gas supplies ballooning, it’s probably a good thing that the industry grew demonstrated peak working capacity in underground storage caverns last year, according to the Energy Information Administration (EIA). From April 2011 to April 2012, Lower 48 state capacity increased 3%, or 136 Bcf, to 4,239 Bcf, according to a new EIA report.
$1 Gas Prices? Maybe Not So Bad, Says EnerVest CEO
If natural gas prices were to fall to $1, that wouldn’t be such a bad thing, according to EnerVest Ltd. CEO John Walker. In fact, low prices may be the industry’s “greatest savior,” he said last week at Bentek Energy’s Benposium in Houston.
$1 Gas Prices Might Help Industry, Says EnerVest CEO
If natural gas prices were to fall to $1, that wouldn’t be such a bad thing, according to EnerVest Ltd. CEO John Walker. In fact, low prices may be the industry’s “greatest savior,” he said Wednesday at Bentek Energy’s Benposium in Houston.
EnerVest CEO Advises NatGas Peers to ‘Conspire to Constrain Supply Growth’
If natural gas prices were to fall to $1, that wouldn’t be such a bad thing, according to EnerVest Ltd. CEO John Walker. In fact, low prices may be the industry’s “greatest savior,” he said Wednesday at Bentek Energy’s Benposium in Houston.
Pennsylvania Governor: Shale Development ‘Good For Entire State’
Pennsylvania Gov. Tom Corbett said development of the Marcellus Shale was “good for the entire state” but conceded that several challenges lay ahead, in part because natural gas prices remain less than $3/Mcf.