Our Blog
Downside of Oil Rally
“World Oil” reports that for the first time in 16 months, natural gas prices have finally broken the $3 per Mcf (thousand cubic feet) barrier. Record demand as a result of an unusually hot summer, pipeline sales to Mexico, liquefied natural gas (LNG) exports, and fuel substitution from coal to natural gas, have all helped. … Read More
LNG Exports to Double
“World Oil” reports that the U. S. and Cheniere Energy (the only company actually exporting liquefied natural gas, or LNG) are set to double exports. The Federal Energy Regulatory Commission has given its approval to open two more process trains at the company’s Sabine Pass facility and ship it to overseas customers. In a recently… Read More
Europe Key to LNG
As a result of the shale revolution, the domestic natural gas market was flooded with new production. This led to low prices, and an effort by operators to find new markets. These included pipeline sales to Mexico (and to a lesser degree, Canada) and liquefied natural gas (LNG) for export. With abundant, cheap feedstock, LNG… Read More
Apache’s Home Run
“Rigzone” reports that Apache Corp. has scored a major operational and financial success with a recent discovery in the highly prospective Delaware Basin of Southeast New Mexico and West Texas. The company has a 300,000 net acre position in the “High Alpine” field, primarily located in Reeves County, Texas. The field is estimated to contain… Read More
A View from the TRC
David J. Porter, Chairman of the Texas Railroad Commission (TRC) addressed the September meeting of the Houston Association of Professional Landmen yesterday. Porter talked about his background, events that led to the most recent boom/bust cycle, the factors that contribute to a successful oil and gas play, and positive developments. Finally, in response to a… Read More
