Surprising Natural Gas Output Has BofA Bracing for Sub-$2 Prices Bank of America Corp. says the selloff isn’t over and is telling clients to brace for the possibility of sub-$2 prices for the first time in three years. Gas output will climb to an all-time high of 78.39 billion cubic feet a day this year, … Continue reading Surprising Natural Gas Output Has BofA Bracing for Sub-$2 Prices
ISO New England warns of threat to grid reliability over gas supply shortage Natural gas provided 44% of ISO NE’s electricity supply in 2014, up from 15% in 2000, while coal and oil together fell from 40% of the mix to 6%. At the same time, renewables only grew from 8% of the ISO NE … Continue reading ISO New England warns of threat to grid reliability over #gas supply shortage
Marcellus Shale gas production rose 28 percent in 2014 Despite low gas prices and a reduction in drill rigs, Marcellus Shale producers generated nearly 4 trillion cubic feet of natural gas in Pennsylvania last year, up 28 percent from the previous year, according to state figures. Exploration companies produced 2.08 trillion cubic feet of gas … Continue reading Marcellus Shale gas production rose 28 percent in 2014
Chesapeake Energy Accuses Ex-CEO of Document Theft Chesapeake Energy Corp. turned on the man who built it into a natural-gas powerhouse, accusing former Chief Executive Aubrey McClendon of stealing sensitive documents to start a rival company. In a lawsuit filed Tuesday, Chesapeake contends Mr. McClendon made off with confidential data and maps of oil and … Continue reading Chesapeake Energy Accuses Ex-CEO of Document Theft
EIA sees natural gas price below $4/MMBtu through 2016 Natural gas prices are expected to remain depressed below $3.00/MMBtu in 2015 and below $4.00/MMBtu in 2016 as marketed natural gas production reaches record highs and consumption continues to lag. The Henry Hub spot price will average $3.05/MMBtu in 2015, $1.34/MMBtu lower than in 2014 and … Continue reading EIA sees natural gas price below $4/MMBtu through 2016
How utilities are transforming their fuel mixes More than 80% of utility executives foresee distributed energy resources changing their company’s fuel mix in coming decades, according to Utility Dive’s new report, the State of the Electric Utility 2015. Nearly as many (79%) see their companies adding utility-scale solar. A very large majority see additions of … Continue reading How utilities are transforming their fuel mixes
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