Trough

Lower 48 onshore oil and gas reserves are a huge energy pond, about 1.1 Qcfe worth, and the Marcellus Shale is its biggest fish. According to new research from Calgary-based ITG Investment Research, “the Marcellus dwarfs any other resource at 330 Tcfe, followed by the Eagle Ford and Bakken [shales] at 152 Tcfe (25 billion boe) and 72 Tcfe (12 billion boe), respectively.

A total of 11 named storms, including two hurricanes, have formed in the Atlantic Basin this year, but it took an unnamed trough of low pressure in the central Gulf of Mexico (GOM) to force the first weather-related shut-ins and evacuations of energy interests offshore.

From a trough of 17 drilling rigs last summer to a current rig count that stands above 40, natural gas and oil producers are flocking to the Eagle Ford Shale in South Texas, which holds the potential for a big nest egg of returns.

From a trough of 17 drilling rigs last summer to a current rig count that stands above 40, natural gas and oil producers are flocking to the Eagle Ford Shale in South Texas, which holds the potential for a big nest egg of returns.

From a trough of 17 drilling rigs last summer to a current rig count that stands above 40, natural gas and oil producers are flocking to the Eagle Ford Shale in South Texas, which holds the potential for a big nest egg of returns.

Falcon Gas Storage Co. Inc. is holding an open season for capacity at its Worsham-Steed and Hill-Lake Gas Storage Facilities in North Texas trough Feb. 18. Up to 6 Bcf of high-deliverability, multi-cycle (HDMC) firm capacity will be available for service starting April 1. The facilities have 35 Bcf of HDMC capacity with approximately 750,000 Dth/d of maximum withdrawal and injection capacity. Worsham-Steed and Hill-Lake connect directly to five pipelines with a total metered capacity of approximately 2 Bcf, including North Texas Pipeline, Atmos Energy’s Line-X Pipeline, Energy Transfer’s Cleburne Extension, Enbridge Weatherford Plant and Energy Transfer’s Old Ocean Pipeline. For information contact John Holcomb at jholcomb@falcongasstorage.com or Johnny Ulrich at julrich@falcongasstorage.com.

Falcon Gas Storage Co. Inc. is holding an open season for capacity at its Worsham-Steed and Hill-Lake Gas Storage Facilities in North Texas trough Feb. 18. Up to 6 Bcf of high-deliverability, multi-cycle (HDMC) firm capacity will be available for service starting April 1. The facilities have 35 Bcf of HDMC capacity with approximately 750,000 Dth/d of maximum withdrawal and injection capacity. Worsham-Steed and Hill-Lake connect directly to five pipelines with a total metered capacity of approximately 2 Bcf, including North Texas Pipeline, Atmos Energy’s Line-X Pipeline, Energy Transfer’s Cleburne Extension, Enbridge Weatherford Plant and Energy Transfer’s Old Ocean Pipeline. For information contact John Holcomb at jholcomb@falcongasstorage.com or Johnny Ulrich at julrich@falcongasstorage.com.

With the U.S. natural gas rig count down dramatically, domestic gas supplies should fall by 2 Bcf/d or more, or by 4%, by year’s end, setting up a peak-to-trough decline of almost 5 Bcf/d, or 9%, by the middle of 2010, analysts with SunTrust Robinson Humphrey/the Gerdes Group (STRH) said last week. Barclays Capital analysts, however, said it would take colder-than-normal winter weather to bring storage to a neutral level.

With the U.S. natural gas rig count down dramatically, domestic gas supplies should fall by 2 Bcf/d or more, or by 4%, by year’s end, setting up a peak-to-trough decline of almost 5 Bcf/d, or 9%, by the middle of 2010, analysts with SunTrust Robinson Humphrey/the Gerdes Group (STRH) said Monday.