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Western Colorado has 40x more natural gas than previously thought, potentially making it the second-largest formation in the U.S., according to a new estimate from the U.S. Geological Survey. Current prices of ~$2/MMBtu are considered too low for companies to begin drilling to any large extent; companies likely would begin drilling if prices reached $3.50/MMBtu, says David Ludlam of the West Slope Colorado Oil and Gas Association.
From Bloomberg Renewables Will Replace Gas as Top U.S. Power Source in 2031 a Bloomberg New Energy Finance analysis showed. (Green and left leaning source ? ) Naureen Malik .bloomberg.com By 2040, renewables will account for 44 percent of U.S. power generation from 14 percent in 2014. Gas generation will slip from 33 percent to about 30 percent in the period. Coal’s share will drop by almost two-thirds to just 12 percent.
Over or under the wall ? Spectra, TransCanada to build $3.6B natural gas pipeline into Mexico The projects will feed cheap shale gas from Texas to Mexico to help meet the country’s growing electric generation needs. Mexico is building more gas-fired power plants. The Sur de Texas pipeline will be a joint venture between TransCanada and a Mexican subsidiary of San Diego-based Sempra Energy. “We are extremely pleased to further our growth plans in Mexico with one of the most important natural gas infrastructure projects for that country’s future,” said Russ Girling, TransCanada’s president and CEO. http://fuelfix.com/blog/2016/06/13/spectra-transcanada-to-build-3-6b-natural-gas-pipeline-into-mexico/
I own TEP in this space. The only M L P I've had any success with (so far ) Assets in gas transmission including Western CO.
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Ted
Western Colorado has 40x more natural gas than previously thought, potentially making it the second-largest formation in the U.S., according to a new estimate from the U.S. Geological Survey.
Current prices of ~$2/MMBtu are considered too low for companies to begin drilling to any large extent; companies likely would begin drilling if prices reached $3.50/MMBtu, says David Ludlam of the West Slope Colorado Oil and Gas Association.
Among Colorado's top current oil and gas producers: APC, NBL, ECA, XOM, CVX, OXY, WLL, BBG, SYRG, PDCE, BCEI, CRZO
http://seekingalpha.com/news/3188430-colorado-40x-natural-gas-previous-estimates-usgs-says
From Bloomberg
Renewables Will Replace Gas as Top U.S. Power Source in 2031
a Bloomberg New Energy Finance analysis showed. (Green and left leaning source ? )
Naureen Malik .bloomberg.com
By 2040, renewables will account for 44 percent of U.S. power generation from 14 percent in 2014. Gas generation will slip from 33 percent to about 30 percent in the period. Coal’s share will drop by almost two-thirds to just 12 percent.
Over or under the wall ?
Spectra, TransCanada to build $3.6B natural gas pipeline into Mexico
The projects will feed cheap shale gas from Texas to Mexico to help meet the country’s growing electric generation needs. Mexico is building more gas-fired power plants.
The Sur de Texas pipeline will be a joint venture between TransCanada and a Mexican subsidiary of San Diego-based Sempra Energy.
“We are extremely pleased to further our growth plans in Mexico with one of the most important natural gas infrastructure projects for that country’s future,” said Russ Girling, TransCanada’s president and CEO.
http://fuelfix.com/blog/2016/06/13/spectra-transcanada-to-build-3-6b-natural-gas-pipeline-into-mexico/
I own TEP in this space. The only M L P I've had any success with (so far ) Assets in gas transmission including Western CO.