Today, Eduard Gismatullin article titled, “BG Buys Exco Stake for $1.06 Billion to Tap Shale Gas” hit the wire. BG Group Plc, the U.K.’s third- largest natural-gas company, bought assets from Exco Resources Inc. for $1.06 billion to develop its first U.S. shale gas project in the United States. They are entering the U.S shale [...]
Due to the intense development and exploration operations taking place closely to densely populated areas, the urban drilling in the Haynesville Shale zone now have rules and safeguards. After months of studies, observations, surveys and research- the Louisiana Commissioner of Conservation, Mr. James H. Welsh issued an order effective Aug.1, 2009. The goal of the [...]
The United States congress has taken its first big step toward an energy revolution. Very large changes that will affect everyone- from industry, households, farming to business over the years to come. How does it affect the average person? Impacts would include how much a person pays for lighting, cooling and heating their homes, what [...]
Billionaire oil investor T. Boone Pickens said this past Wednesday, that he doubts a $26 billion natural gas pipeline from Alaska will be built any time soon as abundant new shale gas supplies reduce the need for the expensive project. Pickens, who is promoting a plan to boost investment in wind power and natural gas [...]
The Senate panel last week approved an energy bill in a 15-8 vote from the Senate Energy and Natural Resources Committee. The new energy bill opens large tracts of the Gulf of Mexico to oil and natural gas drilling and provides federal loan guarantees for a gas pipeline project in Alaska. The energy bill also [...]
Last week, T. Boone Pickens was in Calgary, Alberta and shared with his audience that he expects natural gas (NG-FT ) prices to hit $7 (U.S.) by next year. $7 would be nearly double their current value. Pickens claims that U.S. energy security is his first priority. Mr. Pickens has taken iniatives that are based [...]
With natural gas prices at a low right now, one could start to wonder if natural gas will becomes a worthy competitor to coal as the primary source for electricity in the U.S. The price of natural gas has fallen from $13 per million British thermal units to $4 per million btu in less than [...]
Industry Makeup An excellent source for statistics and information on the natural gas industry and its various sectors is the Energy Information Administration (EIA). The EIA was created in 1977 as the statistical arm of the Department of Energy, charged with developing energy data and analyses that help to enhance the understanding of the energy [...]
The Fort Worth Business Press carried an article this week called: “Shale plays push up natural gas supplies to record levels”. It was written by Robert Francis. The article contributes the record levels of natural gas to U.S. natural gas shale plays in Haynesville, Barnett and Marcellus. On June 18, the Potential Gas Committee (PGC) [...]
Today, “Producers Make Bet on B.C. Shale Play” was published in the Globe and Mail, a national newspaper in Canada. The article was written by DAVID EBNER. HIGHLIGHTS: • companies have slapped down a surprise $178-million bet in British Columbia on the long-term future of natural gas • the money is for new exploration rights [...]
