“Unlocking the key” to unconventional plays is a popular moniker in today’s oil and gas market. Among the trickiest of plays to master is the Utica Shale, located across Maryland, New York, Ohio, Pennsylvania, Virginia and West Virginia. The Utica lies beneath the Marcellus Shale, which was first discovered in 2004 by Range Resources (ticker: RRC), and has roughly matched
Weaker than expected demand in Asia prompts agency to lower future growth expectations The International Energy Agency (IEA) revised down its expectations for natural gas global demand growth to 2% from 2.3% a year ago in it its latest Medium-Term Gas Market Report. One of the main drivers behind the revision was lower than expected gas demand in Asia, said
ONGC expected to lead gas production growth India’s oil ministry announced that it expects natural gas output to rise by 50% to 146.87 million cubic meters per day (MMcm/d) by 2018-2019. A large portion of this new production is expected to come from state-owned Oil and Natural Gas Corp. (ONGC) fields, reports Times of India. In its annual report, India’s
The EIA’s Electricity Monthly Update shows increased use of natural gas across the U.S. Electricity generation from coal decreased in all regions of the country in March compared to the previous year, while electricity generation from natural gas increased in all regions of the country over the same period, according to the Energy Information Administration’s (EIA) Electricity Monthly Update. The
Efforts to cut gas supplies from Russia appear to be working Norway state-owned gas operator Gassco reported that the country exported 29.2 Bcm of gas to western Europe in the first quarter of the year, overtaking Russian exports to Europe of 20.29 Bcm, based on data from Gazprom (ticker: OGZPY). Data from both companies shows the trend began in Q4
Prices up on EIA report Natural gas prices climbed above $3.00 per MMBtu yesterday for the first time since mid-January. Natural gas prices jumped about 4.1% to as high as $3.02 Thursday, following the release of the Energy Information Administration’s (EIA) report on weekly natural gas storage. The EIA report showed a natural gas injection of 111 Bcf for the
Natural gas continues to grow The Energy Information Administration (EIA) expects natural gas to account for 31% of electricity generation by fuel type by 2040. In the EIA’s Annual Energy Outlook (AEO) 2015, the administration predicts that the percentage of electricity of generated from natural gas will gain 4% of the market share on top of its existing 27% share
Could a drop in natural gas prices spur additional market share growth? As we swing into spring earnings season, Q1 earnings are coming fast, along with questions surrounding the state of natural gas and oil prices. In a non-oil and gas realm, Arch Coal Inc. (ticker: ACI) released Q1 results this week. The coal giant reported a net loss of $113
QER Calls for Modernizing the Nation’s NatGas Transmission and Distribution Systems On April 21, the administration released the first installment of its first Quadrennial Energy Review (QER), described as the first-ever comprehensive study of the nation’s energy infrastructure, which identifies the threats, risks, and opportunities for U.S. energy and climate security, with the goal of enabling the federal government to
Contango Oil & Gas (ticker: MCF), an exploration and production company based in Houston, Texas, has published a digital 2014 Annual Report titled “Disciplined Value Enhancement.” The report details the company’s 2014 performance, provides easy access to Form 10-K, gives operations summaries and outlines its corporate vision for 2015. 2015 Gameplan Contango management singled out three drivers to its 2015 development, including
Ukrainian Energy Minister hopes to nearly double the tariff on gas transit in the country Ukrainian Minister of Energy and Coal, Vladimir Demchishin, plans on using the upcoming March 20 meeting between Ukraine, Russia and the European Union to discuss increasing the transit tariff of Russian gas. Demchishin said: “The present-day rate is at $2.88 per 100km. While comparing the
NATURAL GAS INVENTORY (Week Ended 2/27/15) Current: 1,512 Bcf Actual Injection/(Withdrawal): (198) Bcf Economist Average Estimate: (190) Bcf Previous: 1,710 Bcf Click here for the chart with five year averages. Click here for an archive of EnerCom’s Inventory Reports. Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. makes no representation or warranty as to
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