Times

Shale player Magnum Hunter Resources Corp. grew its total proved reserves by 116% last year, and the value of reserves grew 171% from the year-ago period, the Houston-based company said Tuesday. And there will be more growth like that this year if the company’s CEO is correct.

Wabash Gas Storage LLC said a recent open season garnered bids for more than three times the capacity of its 12-14 Bcf storage facility under development in eastern Illinois near Midwestern Gas Transmission Co. pipeline’s Paris compressor station (see Daily GPI, Nov. 16). Injection and withdrawal capacity of the facility is estimated at 200,000 MMBtu/d. Wabash also received expressions of interest in having the storage project interconnect with the Rockies Express and Panhandle Eastern pipeline systems.

With only one month left to finish their annual scorecard, Canadian natural gas exporters are poised to chalk up a return to better times after a bruising fall.

If these feel like hot times, that’s because they are, at least according to the World Meteorological Organization (WMO), which Friday said “2010 is almost certain to rank in the top three warmest years since the beginning of instrumental climate records in 1850.”

With only one month left to finish their annual scorecard, Canadian natural gas exporters are poised to chalk up a return to better times after a bruising fall.

Global demand for liquefied natural gas (LNG) is growing more than twice as fast as overall gas demand and about six times faster than demand for oil; however, North America and the Atlantic Basin in general are playing a comparatively smaller role in the LNG boom, according to a new analysis by Tudor, Pickering, Holt & Co. Securities Inc. (TPH).

Global demand for liquefied natural gas (LNG) is growing more than twice as fast as overall gas demand and about six times faster than demand for oil; however, North America and the Atlantic Basin in general are playing a comparatively smaller role in the LNG boom, according to a new analysis by Tudor, Pickering, Holt & Co. Securities Inc. (TPH).

Global demand for liquefied natural gas (LNG) is growing more than twice as fast as overall gas demand and about six times faster than demand for oil; however, North America and the Atlantic Basin in general are playing a comparatively smaller role in the LNG boom, according to a new analysis by Tudor, Pickering, Holt & Co. Securities Inc. (TPH).

EOG Resources Inc.’s potential natural reserves in the Haynesville/Bossier play now are estimated at 10 Tcf — three times the initial assessment of 3 Tcf — and its holdings in British Columbia’s Horn River Basin may hold 9 Tcf, well above an initial estimate of 6 Tcf, CEO Mark Papa said last week.