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Shale Revolutionizes LNG
“Rigzone” reports that the shale revolution flooded the domestic market with so much natural gas that prices fell to a 17 year low. Now shale is revolutionizing the global liquefied natural gas (LNG) market. With all the surplus shale gas in the U. S., operators had to find additional markets. Pipeline exports to Canada and… Read More
Statoil Sells Marcellus Interest
“World Oil” reports that for the third time in two years, Norwegian oil and gas producer, Statoil, is involved in asset sales in the southern Marcellus shale in West Virginia. This is part of the company’s strategy to sell non-core, onshore assets in the U. S. In December, 2014 Statoil reduced its working interest in… Read More
Refracturing Success
A recent article in “World Oil” relates encouraging results from refracking gas wells in the Haynesville shale of Southwest Arkansas, Northwest Louisiana, and Northeast Texas. While the article was written by Schlumberger, and reads like an infomercial, it is nevertheless informative and encouraging. Comstock Resources wanted to optimize production from its gas wells in the… Read More
Oversupply Redefined
The consensus in the oil industry has been that the global glut of crude has depressed prices. However, now that inventories are falling, so are prices. This seems contrary to the law of supply and demand. Is this a refutation of the longstanding relationship between the two? According to a recent article in “World Oil”,… Read More
LNG via Panama Canal
“World Oil” reports that the first cargos of U. S. origin Liquefied Natural Gas (LNG) will enter the Panama Canal this week. This is significant for several reasons. Exports of LNG will expand the market for domestic natural gas and help firm, or hopefully improve, prices. Also, with the expansion of the Panama Canal, LNG… Read More
