Marcellus shale gas producer Range Resources reported record production of 1.2 billion cubic feet per day equivalent of natural gas, but getting that gas to higher-value markets is proving a bigger challenge than producing it. “Executives quoted forecasts showing that between mid-2015 and 2018, pipeline companies are expected to add 34 Bcf/d of midstream capacity.… Keep reading →
While LNG exports from the US are hotly debated, major shale gas player Range Resources was recently excited to proclaim it will be the first company to export natural gas liquids via ship from the US. Range has an agreement in place to begin ethane shipments to a petrochemical concern in Norway beginning in 2015.
We have a sales VP in Europe now – they [NGL sales team] got a call from China and there’s interest in Pittsburgh,” Rodney Waller, Range Senior Vice President said at the Independent Petroleum Association of America’s Oil & Gas Investment Symposium held last week in New York. Keep reading →
Pennsylvania’s natural gas executives recently launched a new drive to build public support for the industry that has generated thousands of jobs and millions of dollars in tax revenue for the state but is viewed with skepticism or outright opposition by some people.
“Learn About Shale”, a new website, is targeted at consumers in the five counties of metropolitan Philadelphia, an area that has not experienced the intensive gas development seen in many other areas of the state during the gas boom of the last five years, but which contains 45 percent of state’s population and contains strong resistance to the gas industry in some quarters. Keep reading →
Independent oil and gas firms are attempting to focus on the fundamentals following major allegations against one of the sector’s most colorful figures. The looming dispute over Chesapeake Energy’s chairman comes as companies already contend with a glut of natural gas production amid high prices for oil and liquids production warping traditional price dynamics.
US oil and gas company executives “talked turkey” with Wall Street analysts in New York last week at a high-level investor conference. Every spring, the industry’s exploration and production community convenes to discuss their business models and corporate strategies with the analysts who rate their company’s stock for investors. Keep reading →
A Colorado program to convert coal-fired power plants to natural gas could lead the way in increasing the use of the abundant, cleaner-burning fossil fuel for generation in the US, a top shale-gas executive said on Wednesday.
“Colorado is the best model for converting coal-fired plants to natural gas,” chief executive of Range Resources John Pinkerton told reporters after a speech to Shale Gas Insight, an industry conference organized by the Marcellus Shale Coalition. The coalition is an industry group representing energy companies active in the major Northeast US shale play. Keep reading →
Pennsylvania is angling to best the Lone Star state at its own game.
Pennsylvania Governor Tom Corbett says he wants his state to become the “Texas of natural gas” as energy companies scramble to tap into the Marcellus Shale, a vast reserve of gas underlying about two-thirds of the Keystone State as well as parts of surrounding states. Keep reading →
