A proposed severance tax on natural gas production in Pennsylvania would add to drilling companies’ operating costs, but the revenue it would produce would yield positive results for the state’s economy and residents, according to researchers at Penn State’s Institute for Research in Training & Development (IRTD).
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2008 Net Gas Imports Lowest Since 1997
Robust domestic gas production offset increased demand last year to yield a drop in total imports of natural gas during 2008, the Energy Information Administration (EIA) reported recently.
EIA: 2008 Net Gas Imports Lowest Since 1997
Robust domestic gas production offset increased demand last year to yield a drop in total imports of natural gas during 2008, the Energy Information Administration (EIA) reported last Friday.
Upside Seen for Upstream MLPs
Upstream master limited partnerships (MLP) have suffered from the credit crisis along with all high-yield securities, but the distributions from companies in this sector are backed by “solid” oil and natural gas production and cash flows, which will only increase over time, said energy analysts in a note to clients.
Producer Pair’s Entry Raises Alaska Gasline Hopes
While many in Alaska and elsewhere have harbored doubts that the Alaska Gasline Inducement Act (AGIA) would yield a viable proposal for a pipeline to commercialize the state’s vast gas reserves, last week two of the three major North Slope producers joined hands and stepped up to the task. Their gasline gambit has stirred new optimism that a pipeline might actually get built.
Talisman Touts Major New Natural Gas Play in Alberta Foothills
Talisman Energy Inc. is touting its Alberta Outer Foothills conventional gas development as a “major new natural gas play” that could yield 200 MMcf/d of production by the end of the decade. The company currently is drilling four wells with the expectation that each will produce 6-10 MMcf/d with 6-10 Bcf of recoverable reserves per well.
Talisman Touts Major New Natural Gas Play in Alberta Foothills
Talisman Energy Inc. is touting its Alberta Outer Foothills conventional gas development as a “major new natural gas play” that could yield 200 MMcf/d of production by the end of the decade. The company currently is drilling four wells with the expectation that each will produce 6-10 MMcf/d with 6-10 Bcf of recoverable reserves per well.
Prices in Moderate Retreat as Heating Load Drops
With a midweek winter blast due to yield to more moderate conditions in key northern market areas, prices dropped at nearly all points Thursday by amounts ranging from a couple of pennies to a little more than 30 cents. A little more than half of the declines were a dime or less.
Reliant Exec Forecasts Major Industry Restructuring, Praises CA Trends
The power industry will undergo a “very significant” restructuring “that will yield enormous growth opportunities for us as a company,” Mark Jacobs, CFO at Reliant Energy, told an audience of financial professionals last Tuesday at the Banc of America Energy and Power Conference. “I think those growth opportunities may come more quickly than we’re all expecting,” Jacobs said.
Mixed Pricing Likely to Yield to Weekend Softness
The weather continued to range Thursday from memories of winter in Canada and the northern third of the U.S. to hints of summer across the South and Southwest, with the territory in between serving as a buffer with varying but mostly spring-like conditions. The cash market tended to reflect such fundamentals, ranging within a dime up or down from flat in most cases, but with the positive moves outweighing the negative ones.