May
21
We have something exciting to share: “Texans Are Going Places” – our newest TV ad spotlighting natural gas vehicles (NGVs) – has made its debut!
Natural gas benefits Texans in many ways, and the growing number of NGVs on our roads is evidence that Texans are embracing this abundant homegrown natural resource. The positive trend will have lasting benefits for our community.
Please take a moment to watch the video below and share it with your friends!
Click here to view: Texas Natural Gas Now .
May
20
US natural gas prices have begun to strengthen as oil prices have begun to drop, but both remain far from levels that would prompt exploration and production companies to shift capital back to gas from liquids.
For the past few years, with Henry Hub natural gas trading mostly in the $2.00-$4.00 per million Btu range, higher-priced and higher-margin oil and liquids have been the target of choice for US onshore drillers. But as natural gas prices have recently edged above $4.00/MMBtu and West Texas Intermediate oil prices have dipped below $90 per barrel, some analysts are questioning at what price levels gas drilling might look appealing, and oil or liquids drilling less so.
Returns on either natural gas or oil drilling in US onshore vary widely on a play-by-play basis, and a large part of that variation comes down to the cost of operations.
Read the full article here: Natural Gas Prices .
May
17
Think of Texas and the mental movie is obvious: old fashioned oil rigs, big hats, big hair, big boots and conservative politics. Not much room for innovation, information technology, renewable energy or energy efficiency efforts in that narrative, but Texas confounds expectations.
The state is a leading location for wind energy installations in the US, technology employment both in and out of the energy business is growing and Houston – that icon to oil production and air conditioning – has implemented a far-reaching and innovative energy efficiency building retrofit program.
Despite its image, the focus on efficient energy use and technological improvements to energy production are perfect fits for Texas and for Houston; what other city has the depth of understanding and expertise so fundamental to comprehending the real cost of wasted energy and the real opportunities in energy’s future?
Read the full article here: Texas Energy .
May
16
The unconventional gas phenomenon in the U.S. will be difficult to replicate in other parts of the world, Chevron Corp.‘s corporate vice president said April 16.
Speaking at the LNG 17 conference in Houston, Joseph Geagea, also president of Chevron Gas and Midstream, said the U.S. has several advantages over countries in Europe and Asia that may be interested in doing unconventional drilling of their own. One of the largest advantages, he explained, is drillers in the U.S. already know where to look because they have decades of seismic data.
“We know where the sweet spots are,” he said. “We don’t have that data anywhere else in the world. For us to jump and say that will happen elsewhere very quickly is not something we have in our current point of view.”
Geagea also said the U.S. has the advantages of strong infrastructure, hubs for gas production, and a solid regulatory structure at the state and federal levels.
“We think it’ll be a long time before it’s replicated,” he said of the advantages for U.S. unconventional drillers.
Read the full article here: Chevron .
May
15
Automakers are still hunting for the 21st Century Holy Grail – better known as the next cheap energy source. With the jury still out on petroleum — and ethanol, electricity and natural gas all having their issues — what’s a vehicle manufacturer to do? Well some, like our three guests on Autoline This Week, say check out liquid propane. Join host John McElroy along with Wayne Moore from CleanFUEL USA, Ford’s Rob Stevens and Joe Thompson from ROUSH CleanTech for a look at what may be the next great fuel.
View the video here: Autoline .
