The Marcellus and Eagle Ford shales have exactly what the U.S. gas market doesn’t need right now: more gas on the way, according to natural gas analysts at Barclays Capital. They titled their latest note — an analysis of the effects of upcoming pipeline debottlenecking in the two plays — “Unleashing a Caged Monster.”
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Tennessee Marcellus Discount to Persist, Says Bentek
Tennessee Gas Pipeline (TGP) Zone 4 cash basis will remain weak for a while, although it will see an uplift of about 50 cents at the end of the year when the pipeline’s Northeast Supply Diversification project and National Fuel’s Northern Access expansion come online, Bentek Energy LLC said in a recent market note.
UGI Pipeline, Compressor Station Subject to Public Hearing
In a bid to succeed in a part of Pennsylvania’s Marcellus Shale where two other companies have failed, officials with a midstream subsidiary of UGI Corp. will attend Tuesday night’s public hearing before the Luzerne County Planning Commission to field questions about the company’s proposal to build a natural gas pipeline and compressor station.
Development Trumps Acquisitions in 2011 E&P Spending
During a year in which producers shifted their spending away from natural gas and toward oil and away from amassing acreage to developing what was previously acquired, “everything was up,” Ernst & Young LLP’s Charles Swanson, Houston managing partner, told reporters in Houston last week at a briefing on the company’s latest U.S. exploration and production (E&P) benchmark study.
Development Trumps Acquisitions in 2011 Producer Spending
During a year in which producers shifted their spending away from natural gas and toward oil and away from amassing acreage to developing what was previously acquired, “everything was up,” Ernst & Young LLP’s Charles Swanson, Houston managing partner, told reporters in Houston Tuesday at a briefing on the company’s latest U.S. exploration and production (E&P) benchmark study.
No Quick Replacement Seen for Wyoming Oil/Gas Head
There will be no quick replacement for Tom Doll, who resigned as Wyoming Oil and Gas Supervisor suddenly last week (see Shale Daily, June 18), according to a spokesperson for Gov. Matt Mead. The governor and the state’s Oil and Gas Conservation Commission are working out the details of the search for a replacement, the spokesperson told NGI’s Shale Daily.
Researcher: Allowing LNG Export ‘Right Policy Call’
U.S. regulators should approve applications to export liquefied domestic natural gas, but they should let markets decide whether and to what extent exports happen, a Council on Foreign Relations researcher asserts in an upcoming paper. Exports will have drawbacks, but these can be mitigated and will be outweighed by benefits of export, council Senior Fellow Michael Levi told reporters last Wednesday.
Researcher: Allowing LNG Export ‘Right Policy Call’
U.S. regulators should approve applications to export liquefied domestic natural gas, but they should let markets decide whether and to what extent exports happen, a Council on Foreign Relations researcher asserts in an upcoming paper. Exports will have drawbacks, but these can be mitigated and will be outweighed by benefits of export, council Senior Fellow Michael Levi told reporters Wednesday.
Industry Briefs
Sempra Energy’s Los Angeles-based Southern California Gas Co. (SoCalGas) utility is making preparations to install nearly six million smart gas meters in what is said to be the largest such program ever undertaken in the gas utility sector. Sempra’s combination utility, San Diego Gas and Electric Co. is currently installing both gas and electric smart meters throughout its system in San Diego County and southern Orange County. SoCalGas’s $1 billion program is expected to take through 2017 to complete. The utility’s representatives have been meeting with community leaders to explain the advanced metering network while they also has assemble a 150-person internal staff to carry out the implementation with contractors.
California Senate Rejects Fracking Bill; Second Measure Alive
California lawmakers on Thursday rejected an industry-opposed bill (SB 1054) on hydraulic fracturing (fracking), but a second fracking measure (AB 591) is still alive.