US gas era shifts as Henry Hub seen at $5/MMBtu by 2035
The decade of structurally cheap US gas is drawing to a close, with Henry Hub prices forecast to rise towards $5 per MMBtu by 2035 from below $3 per MMBtu, as LNG demand growth tightens domestic balances, Wood Mackenzie said.
US LNG export boom ignites fracking ramp-up
Fracking activity is ramping up across the U.S. as producers cater to booming LNG export demand and seek to pre-empt service price spikes. Early movers can reap superior margins.
Permian Shale stages record rise in gas production
Fracking in the Permian Basin has staged a record 11% annual rise in gas production, adding 2.7 bcf/d to reach 27.7 bcf/d, suppored by break-even prices as low as $61 per barrel in the Midland Basin, one of the Permian's largest oil and associated gas formations.
Share of US energy imports plunges to 17% as shale gale continues
US energy imports have fallen off a cliff and currently make up just 17% of domestic energy supply, half the share in 2006. Analysts attribute this plunge to the unfolding shale gas revolution and fast renewable energy build-out.
Empire Energy sees shares jump as it thinks unthinkable of shale-gas for LNG in Labor-ruled Australia
Empire Energy Group Ltd, the small Australian exploration and production company, has seen its shares rise by 19 percent since a regulatory breakthrough in the onshore Beetaloo Basin of the Northern Territory and since its discovered natural gas resources were independently revised to an LNG-scale asset.
Australian Northern Territory lifts fracking ban and sees LNG opportunities for 2020s demand
Australian liquefied natural gas producers have welcomed the decisions by the Northern Territory government to lift a ban on hydraulic fracturing for onshore shale gas exploration and said it was an opportunity for the next LNG supply gap in the 2020s.
Company that bought fracking pioneer Mitchell Energy for Barnett Shale assets sells portion
Devon Energy Corp. said it had agreed to sell a portion of its Barnett Shale position in North Texas for $553 million with a transaction expected to close in the second quarter.
Scottish ban on shale gas means imports including LNG will be long-term cost for economy
The decision to ban shale-gas extraction in Scotland means the loss of a potential jobs renaissance and that the country will have to continue importing cargoes of ethane from US shale gas and may eventually need more conventional LNG cargoes than are currently planned for domestic and industrial use.
Leading LNG and gas state Western Australia is urged to cancel pointless fracking inquiry
Western Australian, the state hosting three liquefied natural gas export plants and with a fourth, Wheatstone LNG, set to come on stream shortly has been urged to cancel an inquiry into hydraulic fracturing for shale gas as a waste of time and money and a cause of uncertainty that is “strangling” the onshore gas industry.
LNG exporter Australia sees one state present law to ban fracking and cap on compensation
The state government of the southeast Australian state of Victoria has introduced legislation to permanently ban hydraulic fracturing for unconventional natural gas, coal-seam gas and oil and will put a cap on any compensation paid to energy companies with current licences.
