The Shale Gas Revolution Is A Media Myth
The marginal cost of shale gas production is $4/mmBtu despite popular but incorrect narratives that it is lower. The average spot price of gas has been $3.77 since shale gas Continue Reading
Higher US natural gas prices positive for production gains in ’17, ’18: EIA
While projections for higher natural gas prices are expected to reduce gas’ share in the generation mix, the subsequent increase in cash flow to gas producers is seen boosting gas Continue Reading
Natural gas has displaced coal in the Northeast’s generation mix over the past 10 years
Source: U.S. Energy Information Administration, Power Plant Operations Report The generation fuel mix of electricity in the Northeast Census division of the United States has shifted dramatically over the past Continue Reading
Range Recalls ‘Incredibly Creative Solution’ for Marcellus/Utica ‘Problem’
‘Dragon-class’ and VLEC vessels facilitate transoceanic trade of surplus US ethane. On March 9, 1776, the Scottish economist Adam Smith published his influential book The Wealth of Nations , which Continue Reading
Ohio and Pennsylvania increased natural gas production more than other states in 2016
After reaching a record high of 79 billion cubic feet per day (Bcf/d) in 2015, U.S. marketed natural gas production fell to 77 Bcf/d in 2016, the first annual decline Continue Reading
Massive Natural Gas Deposit Discovered In The Gulf Coast Basin
Technological advancements have just pushed the boundaries of recoverable oil and gas in the U.S. further, according to an announcement by the U.S. Geological Survey. The agency reported that two Continue Reading
EIA expects natural gas to be largest source of U.S. electricity generation this summer
Short-Term Energy Outlook (STEO) expects that electricity generation fueled by natural gas this summer (June, July, and August) will be lower than last summer, but it will continue to exceed Continue Reading
New U.S. pipelines to drive natural gas boom as exports surge
U.S. energy firms are scrambling to finish a slew of pipelines that will unleash rich reserves of shale gas in Pennsylvania, West Virginia and Ohio as the nation prepares to Continue Reading
Is Natural Gas In The Midst Of A Boom-Bust Cycle?
After six decades of relying on outside sources, the United States is poised to become a consistent net exporter of natural gas . The shale boom and the rush to Continue Reading
Gas Giants Share OPEC’s Shale Pain as U.S. Supply Flows East
OPEC isn’t the only decades-old energy hegemony being turned on its head by U.S. shale. Liquefied natural gas sellers from Qatar to Malaysia that dominated gas sales to Asia for Continue Reading
U.S. lower 48 natgas output down for second straight month: EIA
U.S. natural gas output in the lower 48 states declined for a second month in a row to 78.3 billion cubic feet per day (bcfd) in January, the U.S. Energy Continue Reading
Is Haynesville About To Make A Comeback?
Back in early 2011, the Haynesville shale play in east Texas, northwest Louisiana, and southwest Arkansas surpassed the Barnett Shale in Texas as the highest-producing shale gas play in the Continue Reading
Shale Gas Is Back With This $2 Billion Acquisition
A nearly $2 billion natural gas deal could signal a sign that companies are interested in gas drilling again after a long downturn. Gulfport Energy announced plans to issue new Continue Reading
Chesapeake says it’s ready for recovery after big divestments
Struggling shale company Chesapeake Energy said Tuesday it was anticipating a recovery next year after releasing a good portion of its non-core gas assets. The company said it sold another Continue Reading
U.S. natural gas production resilient to market changes in 2015, but has fallen in 2016
U.S. dry natural gas production continued to increase in 2015, reaching 74.1 billion cubic feet per day (Bcf/d). This record-high level was a 4.5% (3.2 Bcf/d) increase over 2014, according Continue Reading
$2 Billion Gulfport Buy Shows Drillers Thirsting for Next Play
America’s shale gas drillers are back to looking for the next big play. On Wednesday, Gulfport Energy Corp. struck a deal to buy acreage in an oil and natural gas Continue Reading
Chesapeake Energy Drills Deeper for Profit
Chesapeake Energy is drilling a massive well in the Haynesville shale outside Shreveport, La., Doug Lawler watched a drilling rig’s high-pressure pumps rumble as workers bored in to a massive Continue Reading
Pennsylvania levels $3.5 million fine against gas driller
Pennsylvania environmental regulators have fined a natural-gas driller more than $3.5 million for violations at 10 well sites and six pipeline locations. The Department of Environmental Protection said Wednesday that Continue Reading
NREL sees natural gas, renewables gaining US market share
Natural gas-fired and renewable resources are expected to enjoy growing generation mix shares over the next three decades, driven by low-cost gas and renewable energy cost declines and performance improvements, Continue Reading
Judge issues temporary stay of some Pennsylvania drilling rules
In a ruling in a lawsuit brought by the Marcellus Shale Coalition, a Pennsylvania judge on Tuesday ordered the temporary stay of several key provisions of a set of natural Continue Reading
President Trump: This Is How To Bring Back 1 Million Energy Jobs
Dear President-Elect Trump, There’s work to be done. And I know you’re up for a challenge. In fact, I’m now sure of it. So let me lay out a policy Continue Reading
U.S. gas production shows tentative signs of upturn: Kemp
U.S. natural gas production may be stabilising or even starting to rise as the boost to oil and gas prices in recent months stimulates an increase in new drilling. Marketed Continue Reading
Gas industry challenges new drilling rules in Pennsylvania
The natural gas industry in Pennsylvania is challenging new state regulations that govern surface development of shale gas wells, saying they threaten jobs and investment by adding up to $2 Continue Reading
The U.S. Is Set To Dominate Global Natural Gas Markets
The shale revolution has changed the U.S. natural gas production and trade dynamics forever. Domestic output and exports have been rising, to the point where the U.S. is poised to Continue Reading
Is The Era Of Cheap Natural Gas Over?
Natural gas prices have been low for years, as shale gas drillers continued to break records with higher and higher production. But just as the oil markets have gone through Continue Reading
Pennsylvania adopts new fracking regulations
Pennsylvania Governor Tom Wolf speaks on the final night of the Democratic National Convention in Philadelphia, Pennsylvania, U.S. July 28, 2016. New regulations governing the extraction of natural gas through Continue Reading
New wave of power plants is fueling U.S. gas demand: Kemp
(John Kemp is a Reuters market analyst. The views expressed are his own) The United States is experiencing a structural increase in gas demand with more gas-fired power stations operating Continue Reading
Statoil completes sale of Marcellus acreage
Norwegian energy company Statoil said it retained some of its shale acreage in the United States, but completed a sale Friday of assets in West Virginia. Statoil said it closed Continue Reading
Is This A Sign That Oil Majors Are Becoming More Bullish
Drilling Rig French oil company, Total SA announced in a press release Friday that it would be exercising the rights to obtain 75 percent of the lease agreements in the Continue Reading
France’s Total Takes Control of Barnett Shale in Texas
A rare Barnett Shale drilling rig, pictured last year. French oil major is now the… Total said on Friday it is exercising its preemption right to acquire the 75% share Continue Reading
Analyst: Northeast NGL Supply/Demand at ‘Crossroads’
Proposed Appalachian Storage Hub might incentivize region’s ethane recovery, petrochemicals investment, says S&P Global Platts analyst. Earlier this week, Rigzone presented an article featuring the perspectives of two prominent supporters Continue Reading
Only Higher Prices Can Prevent The Imminent Natural Gas Bust
One hundred years of natural gas? Not at these prices. U.S. gas production is declining and shale gas output is down almost 2.5 Bcf per day. Production is decreasing while Continue Reading
Australian State To Permanently Ban Onshore Gas Fracking
The state of Victoria plans to ban shale and coal seam gas fracking in what would be Australia’s first permanent ban on unconventional gas drilling, citing the concerns of farmers Continue Reading
Fracking Really Isn’t So Bad
When Governor Andrew Cuomo announced last year that hydraulic fracturing would be banned in the State of New York, he cited the lack of scientific data on public health effects. Continue Reading
Texas shale basin left behind
Leaving part of a Texas oil and natural gas shale basin will free up potentially more than a billion dollars in financial commitments, Chesapeake Energy said. Chesapeake, which has headquarters Continue Reading
Chesapeake Energy cut debt by $1 billion
Struggling U.S. shale player Chesapeake Energy said it reported a loss for the second quarter, but reduced debt by more than $1 billion. The company said second quarter revenue declined Continue Reading
Norway’s Statoil sheds Marcellus shale acreage
For $96 million, and following a weak earnings report, Norwegian energy company Statoil said it was getting rid of some of its gas assets in the United States. The Norwegian Continue Reading
EIA Expects Uptick In U.S. NatGas Production As Prices Soar
Natural Gas Storage Embattled U.S. natural gas producers have a reason to perk up: the Energy Information Administration has forecast that natural gas production in the country over the second Continue Reading
Chesapeake hit with another Barnett Shale suit
Chesapeake Energy has once again become the target of a lawsuit by property owners in the North Texas Barnett Shale region alleging the producer underpaid millions of dollars of royalties Continue Reading
Move Over Canada, U.S. Shale Gas is Here to Stay
A Canadian Energy Research Institute survey has found that the country’s natural gas exports will continue to slide over the coming years, with their market share eaten up increasingly by Continue Reading
Coal use plunges as China cuts back and US turns to gas
The world’s use of coal fell by the largest amount on record last year as the fossil fuel that powered the industrial revolution was struck by tumbling US gas prices Continue Reading
Oil Investor Still Bets on McClendon
As creditors line up for the assets of recently deceased oil titan Aubrey McClendon , an energy-investment firm already has claimed some of his most valuable holdings. EIG Global Energy Continue Reading
U.S. shale gas production grows through 2040
Natural gas from shale basins in the United States accounts for more than half of the total production through 2040 to support more exports, a report finds. A review from Continue Reading
Colorado Has 40 Times More Natural Gas Than Previously Estimated
Western Colorado has 40 times more natural gas than previously thought, potentially making it the second-largest formation in the country, the U.S. Geological Survey said Wednesday. Mancos Shale formation in Continue Reading
Many natural gas-fired power plants under construction are near major shale plays
Natural gas-fired capacity additions include plants completed and under construction. Natural gas-fired power generation increased 19% in 2015, because of low natural gas prices , increased gas-fired generation capacity , Continue Reading
Faced With a Fracking Giant, This Small Town Just Legalized Civil Disobedience
Pennsylvania township first to legalize civil disobedience. Photo from A tiny community sitting on a 27-square-mile piece of Western Pennsylvania wanted to send a big message to the energy company Continue Reading
Chesapeake Energy Swaps Debt for Stock
Chesapeake Energy Corp. CHK -4.13 % on Thursday said it would swap 4.1% of its shares outstanding for debt, the latest move by the beleaguered energy company to ease its Continue Reading
Gas Firms Rally on Signs Glut Is Easing
Indications that supply was easing helped natural-gas prices rebound 31% in the past two months. Shares of natural-gas producers, among the market’s worst performers in recent years, are now among Continue Reading
EPA Ready to Issue Methane Limits for New Oil and Gas Wells
The Environmental Protection Agency is set to issue on Thursday the first federal standards aimed at curbing methane emissions from the oil and natural gas industry, according to multiple people Continue Reading
US EIA says gas output growth seen slowing after near-record levels
Declines in rig activity triggered by sustained low natural gas prices are starting to take their toll on US gas production forecasts, the Energy Information Administration said Tuesday in its Continue Reading