Anadarko Petroleum has set a 2010 capital pending plan of $5.3 billion to $5.6 billion, and expects an average annual production growth rate of 7% to 9% during the next four years.
Production growth will be driven by development of the company’s shale gas holdings in the onshore US and several oil-weighted, deepwater [...]
|
|||||
|
The same technology that unleashed a natural gas bonanza in North America over the past decade has the potential to transform the European energy industry. With natural gas prices at a low right now, one could start to wonder if natural gas will becomes a worthy competitor to coal as the primary source for electricity in the U.S. Today in the New York Times, in the Energy & Environment section, there was a great article written my BEN GEMAN AND KATHERINE LING, (Greenwire). Organically rich natural gas shales leads the industry. Natural gas shale reservoirs were once ignored by drillers seeking a faster and easier return on their investments, but today natural gas shale plays in the United States are booming! The challenge with shale gas is to release it from rock that is as impermeable [...] HOW IS SHALE GAS FORMED ? There are two theories as to how natural gas is formed. The most widely accepted theory, the organic theory, maintains that natural gas formation begins with photosynthesis, where plants use energy from the sun to convert carbon dioxide and water into oxygen and carbohydrates. The remains of these plants and [...] At EnCana’s annual meeting just over a week ago, CEO Randy Eresman, announced that new technology was enabling their company to have new opportunities in the Haynesville Shale play. The company reported that it would redirect $290 Million to the Haynesville Shale play. EnCana holds about 176,000 net acres, including 25,495 net acres of [...] |
|||||
