Natural gas production has increased aggressively over the last 10 years after the shale revolution unlocked the door to vast new resource potential. In the U.S., marketed natural gas production has increased from 53.2 Bcf/d in 2006 to 78.9 Bcf/d in 2015, an increase of 48.3% according to EIA statistics. The increase in natural gas production has also created a
Martin Midstream Partners (ticker: MMLP) announced yesterday that it entered into an agreement to sell six liquefied natural gas barges for a total price of $41.25 million. MMLP has decided to exit the natural gas liquids floating storage and trans-loading business. The company purchased the six barges in 2013 when it entered the floating storage and loading business. All proceeds
Encana Corporation (ticker: ECA) has announced a 2015 capital budget of $2.7 to $2.9 billion, with approximately 80% directed to four of its highest margin growth plays; the Montney and Duvernay in Canada, as well as the company’s Permian and Eagle Ford assets in Texas. Encana is one of the few E&Ps to increase its budget compared to 2014, when
Innovation: small electric generators will use bottled up Marcellus gas for distributed electricity; small scale GTL plant for Houston gets greenlight to turn natural gas and ethane into transportation fuel Pennsylvania’s IMG Midstream L.L.C. plans to supply the Marcellus shale region with at least a dozen 20 megawatt (MW) electrical generation stations to support regional production. The stations are intended
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