Category:

Monthly Natural Gas Gross Production Report with data for January 2014

The two graphs below show total U.S. and Lower 48 natural gas production on one and the individual State production on the other. Figure Data Figure Data In January, production in the Lower 48 States increased by 0.5 percent or 0.35 billion cubic feet per day (Bcf/d). Texas had the largest volume increase at 2.4 percent or 0.53 Bcf/d mainly due to the completion of maintenance work last month. New Mexico also showed an increase of 2.6 percent or 0.09 Bcf/d as many operators reported small increases. The Gulf of Mexico and Other States both had decreases of 4.2 percent or 0.14 Bcf/d and 0.5 percent or 0.15 Bcf/d respectively, primarily because of freezing weather and maintenance issues. Note: Data presented in the table are monthly natural gas gross withdrawals estimated from data collected on the EIA-914 survey. In 2012, data are from the EIA Natural Gas Annual . […]

Posted On : Published By : Tom Whipple
Category:

Eagle Ford Gas Draws Steelmakers to Texas’ Coastal Bend

Upstream, midstream and downstream sectors of the oil and gas industry have long contributed to the economy of South Texas’ "Coastal Bend," a 12-county region whose hub city is Corpus Christi. Not only is the region accessible to onshore and offshore oil and gas fields, but it boasts the infrastructure necessary to ship, store and process hydrocarbons and hydrocarbon products. Lured by the region’s growing port facilities and ready availability of cheap natural gas from the prolific Eagle Ford Shale play, two foreign-owned firms are bringing a newcomer – iron and steel manufacturing – into the Coastal Bend’s economic fold. "The addition of iron and steel manufacturing to the regions’ economy will further diversify and strengthen our growing economy," said Roland Mower, CEO of the Corpus Christi Regional Economic Development Corp. "In fact, this region is experiencing an uptick in interest from international manufacturers interested in leveraging our low-cost, […]

Posted On : Published By : Tom Whipple
Category:

Eagle Ford Gas Draws Steelmakers to Texas' Coastal Bend

Upstream, midstream and downstream sectors of the oil and gas industry have long contributed to the economy of South Texas’ "Coastal Bend," a 12-county region whose hub city is Corpus Christi. Not only is the region accessible to onshore and offshore oil and gas fields, but it boasts the infrastructure necessary to ship, store and process hydrocarbons and hydrocarbon products. Lured by the region’s growing port facilities and ready availability of cheap natural gas from the prolific Eagle Ford Shale play, two foreign-owned firms are bringing a newcomer – iron and steel manufacturing – into the Coastal Bend’s economic fold. "The addition of iron and steel manufacturing to the regions’ economy will further diversify and strengthen our growing economy," said Roland Mower, CEO of the Corpus Christi Regional Economic Development Corp. "In fact, this region is experiencing an uptick in interest from international manufacturers interested in leveraging our low-cost, […]

Posted On : Published By : Tom Whipple
Category:

Can Europe wean itself from Russian natural gas?

One of the companies most entwined in the natural gas business in Europe is the Italian oil giant ENI – and that has put it smack in the middle of the crisis between Russia and western nations. ENI is the biggest seller of natural gas in Europe, providing 22 percent of the market. It is also the biggest customer of the Russian gas monopoly Gazprom, worth about 10 billion euros a year, and it might join with Gazprom to build a new pipeline under the Black Sea. It has a deal with Russia’s biggest oil company, Rosneft, to explore in the Barents Sea. It also has rights to look for shale gas in Ukraine and plans to propose reworking some old neglected oil and gas fields there to boost output. And it is the largest natural gas producer in Libya, a key source of natural gas for Europe. Altogether, […]

Posted On : Published By : Tom Whipple
Category:

Texas Gas seeks shippers for lateral moving Marcellus, Utica output to Midwest

Texas Gas Transmission plans to expand its natural gas pipeline system in order to move Marcellus and Utica shale supplies to markets in the Midwest, according to an binding open season notice issued Friday. The company is looking at building a pipeline lateral, to be known as the Southern Indiana Market Lateral, that would begin at Texas Gas’ Slaughters-Montezuma Lateral near Robards, Kentucky, and extend westward about 30 miles to a location west of the city of Mount Vernon, Indiana, it said. The lateral’s targeted in-service date is July 2016, with the capacity to be determined by the open season, Texas Gas said as it sought shippers. Article continues below… Request a free trial of: Gas Daily Gas Daily offers the most detailed coverage of natural gas prices at interstate and intrastate pipeline and pooling points in major U.S. markets. Gas Daily keeps you […]

Posted On : Published By : Tom Whipple
Category:

Weekly Natural Gas Storage Report

Working gas in storage was 896 Bcf as of Friday, March 21, 2014, according to EIA estimates. This represents a net decline of 57 Bcf from the previous week. Stocks were 899 Bcf less than last year at this time and 926 Bcf below the 5-year average of 1,822 Bcf. In the East Region, stocks were 419 Bcf below the 5-year average following net withdrawals of 39 Bcf. Stocks in the Producing Region were 378 Bcf below the 5-year average of 754 Bcf after a net withdrawal of 15 Bcf. Stocks in the West Region were 129 Bcf below the 5-year average after a net drawdown of 3 Bcf. At 896 Bcf, total working gas is below the 5-year historical range. The shaded area indicates the range between the historical minimum and maximum values for the weekly series from 2009 through 2013. Source: Form EIA-912, "Weekly Underground Natural Gas […]

Posted On : Published By : Tom Whipple
Category:

Asia needs all the gas it can get, Chevron says

Expanding Asian economies will need to tap into as many sources of liquified natural gas as they can to meet growing demand, a Chevron official said from Seoul. "My view is that we’re going to need all sources of natural gas supply to meet Asian gas demand in the years ahead and LNG will be the key to delivering sufficient supply," Pierre Breber, a vice president in charge of midstream operations for Chevron, said at a gas conference in Seoul. South Korea has no international natural gas pipelines and therefore relies on LNG shipments to meet its demands. It’s the second-largest importer of LNG in the world. "Not all gas consumers in Asia have sufficient domestic resources to draw from," the vice president said. "That leaves the balance of Asian natural gas demand — over 40 percent — to be met through imports, by pipeline and LNG." As a […]

Posted On : Published By : Tom Whipple
Category:

Ukraine Crisis Spells Opportunity for Asian Gas Buyers

;As Europeans fret about the stability of their natural gas supply from Russia amid a standoff over the latter’s , gas buyers in Asia are looking to benefit from a situation that may improve import opportunities. The possibility that sanctions imposed by Western countries may eventually extend to Russia’s gas exports is prompting a cautious stance among buyers of Russian gas and investors in Russian projects, but many are optimistic that gas will continue to flow. "We hope that this will pass in a way that doesn’t impact business and that we are able to continue our current operations and our future projects," said Maarten Wetselaar, executive vice president at Royal Dutch Shell PLC’s integrated gas business. "Our business is to deal with it and not to walk […]

Posted On : Published By : Tom Whipple
Category:

Oregon LNG nod draws mixed reviews

The American Petroleum Institute welcomed a permit for LNG exports from Oregon, though the Sierra Club said it came with too many environmental risks. The U.S. Energy Department gave its consent to the Jordan Cove Energy project in Coos Bay, Ore., to export domestically produced liquified natural gas to countries that don’t have a free-trade agreement with the United States. American Petroleum President Jack Gerard said the LNG decision gives foreign energy markets an added layer of energy security. "We urge the administration to continue making U.S. exports a priority," he said in a statement . There are more than 20 applications pending for non-FTA exports of LNG. The federal government needs to weigh such projects against the public’s interest before giving its consent. Environmental groups are critical of LNG exports, saying it will lead to more hydraulic fracturing, the controversial drilling practice dubbed fracking. Nathan Matthews, an attorney […]

Posted On : Published By : Tom Whipple
Category:

Well integrity a fracking concern, British study finds

March 25 (UPI) — A study published Tuesday in the British journal Marine and Petroleum Geology finds underground wells used for shale exploration may cause water contamination. A study from Research Fracking in Europe, or ReFINE, finds the structural casing of underground wells may present a risk to underground water supplies. In the Marcellus shale play in the United States, the study found around 6 percent of the 8,000 wells had some sort of well integrity issue. In the United Kingdom, it found about one half of one percent of active wells showed evidence of failure. With European countries looking to replicate U.S. success with shale exploration, the study found the data on well failure rates of onshore wells in Europe were "scarce." Richard Davies, the project’s leader from Durham University, said well integrity will be an issue if the shale narrative evolves in Europe. "The data from the […]

Posted On : Published By : Tom Whipple