Haynesville to Top Barnett by 2015

The Haynesville Shale will surpass the Barnett Shale to become the largest source of domestic natural gas production by 2014 or 2015, only to be eclipsed within a few years by the Marcellus Shale, said Chesapeake Energy Corp. CEO Aubrey McClendon.
Devon Merges Divisions To Increase Efficiencies
Devon Energy will combine the company’s International and Gulf divisions into a newly formed Offshore division in a cost-cutting move that will also involve a small reduction to its workforce, the largest U.S.-based independent oil and gas producer said.
The integration is expected to provide greater focus and efficiency to these areas of operations which have similar scope, technical requirements and strategy. The newly formed offshore division will remain in Houston.
IOGCC Urges Repeal On Oil Sands Ban
The 30 member states of the Interstate Oil and Gas Compact Commission resolved to urge Congress to repeal section 526 of the “Energy Independence and Security Act of 2007.”
Section 526 attempts to prohibit U.S. government agencies from purchasing liquid transportation fuels that are derived from Canadian oil sands resources. Canada is the largest supplier of energy to the U.S., supplying 20 percent of U.S. oil imports, with 10 percent coming from the Canadian oil sands.
The mandate contradicts and conflicts with section 369 of the Energy Policy Act of 2005, a more comprehensive law which identified the oil sands as important strategic resources, mandated their development in an environmentally responsible manner in collaboration with the governments of Canada and Alberta, and directs the U.S. Department of Defense to support such a development program with long-term purchase contracts.
Additionally, oil from Canada’s oil sands is blended in the U.S. making it impossible to determine the content of fuels purchased.
LNG Imports Puts Pressure On Domestic Sources
U.S. imports of liquefied natural gas have almost doubled since the start of the year, putting pressure on a domestic market already hit by weak demand and falling prices reports the Financial Times.
Michael Newport, chief executive of Mainland Resources, a small oil and gas exploration and production company, says the industry hopes U.S. natural gas prices will recover to $7 or $8 per million by next year, though some are predicting a fall to $2.
“With thousands of small natural gas producers across the US, the country is almost completely independent in natural gas, with about 85 percent of the natural gas used in the U.S. produced in the country.
Greening Corporate U.S.: Getting the Lead Out
When talk turns to the greening of corporate America, the focus typically has been on reducing carbon emissions and the use of fossil fuels. But for the electric power and electronics industries, going green means a drastic overhaul of manufacturing techniques, to include those that eliminate a host of toxic by products.
Proposed federal legislation would get the lead out of electrical equipment manufacturing ?≠— and not only lead, but such commonly used, yet hazardous, compounds such as mercury, hexavalent chromium, polybrominated biphenyls and polybrominated diphenyl ethers.
Electrical transmission equipment, communications equipment, medical imaging technology and generators are just some of the products affected. The bill, if adopted, would also exempt specified amounts of lead in steel, aluminum, and copper alloys and in solders with high melting temperatures.
EIA: Global Natural Gas Consumption Soar by 2030
By 2030 global energy natural gas demand will have increased 32 percent, jumping to 153 trillion cubic feet, compared with 104 tcf in 2006, according to the Energy Information Administration’s International Energy Outlook 2009.
Most of the demand will come from developing countries such as China and Russia, the U.S. government’s top energy forecasting agency said.
The worldwide economic downturn has hit energy consumption, but an expected recovery next year could re-spark demand and boost prices, the EIA said in a forecast. U.S. oil prices are forecast to rise from an average $61 barrel this year to $110 in 2015 and $130 in 2030.
Canadian Pipelines, Shippers Spar Over Toll Formula
The global credit crisis ignites a duel between natural gas shippers and Canadian pipelines over who should pay potential cost increases created by money market turmoil.
Transporters calling the financial sorrows a reason to scrap a long-standing restraint on their returns and tolls. Their customers are defending the status quo.



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