Fast growth, capacity on track for northeast US shale gas pipelines

A surge in pipeline capacity for natural gas in the U.S. Northeast this year and next is expected to boost profits for producers and help hold down prices for Midwest and East Coast buyers. The $13.8 billion infrastructure build-out involves seven large pipeline proposals that will take gas in all directions. Producers in the Marcellus…


Falling natural gas prices slash Marcellus shale producers’ revenue

The head of Pennsylvania’s largest shale gas producer concluded his quarterly earnings call on Friday with a dark view of the situation confronting shale drillers in the Marcellus. “I have been in this business over 30 years. I’ve seen a lot of cycles, and this is one of those draconian, down markets,” Dan Dinges, CEO…


Shale gas opposition has shifted to transportation – US forum

Opposition to natural gas projects has moved from exploration and production to transportation, speakers said during a discussion on Capitol Hill of US gas infrastructure needs. “Pipeline opposition has become a stand-in for opposition to fossil fuels for some groups,” said Kim Watson, Kinder Morgan’s (KMI) eastern pipeline group president. “Attacking hydraulic fracturing hasn’t worked,…


Marcellus Shale gas production rose 28% in 2014 to record 4.4 tcf

Despite low gas prices and a reduction in drill rigs, Marcellus Shale producers generated nearly 4 trillion cubic feet of natural gas in Pennsylvania last year, up 28 percent from the previous year, according to state figures. Exploration companies produced 2.08 trillion cubic feet of gas from 5,960 shale wells during the second half of…


US shale gas drillers power on despite price plunge

US natural gas production is poised to reach a record for a fifth year as shale drillers boost efficiency, driving prices toward a low of more than a decade. Output will rise 3.2% in 2015, led by gains at the Marcellus formation, the nation’s biggest shale deposit, according to the Energy Information Administration. Marcellus production…


Investment options to tap into Texas’ oil resurgence star performer Permian Basin & other shale plays

Oil coaxed from the rapidly developing Eagle Ford and Permian Basin production areas recently lifted Texas’ output back above 3 million barrels per day (bpd) for the first time in more than three decades. That put the Lone Star state at more than a third of total US oil production, compared to about 12% for…