Nat Gas News – August 15 2017

Nat Gas News – August 15 2017

U.S. shale output seen posting 9th straight monthly rise

Reuters reports: U.S. shale oil production for September which includes a new regional data input, is forecast to rise by 117,000 barrels per day to 6.15 million bpd, its ninth consecutive monthly rise, the U.S. Energy Information Administration said on Monday. The total forecast figure has expanded to include the Anadarko region, a growing and prolific shale play that has the second-most operating rigs, at 129, after the Permian’s 373, according to the EIA’s monthly drilling productivity report. Without the addition, total shale output for September would have been forecast to rise by 106,000 bpd to 5.69 million bpd.

Critical portion of Entergy’s $869 million, Montz-based power station rejected by council members

THe Advocate reports: Entergy in January broke ground on Montz-based plant, which the utility says is so efficient that it will save customers more than $1.3 billion in fuel costs over a 30-year span. But the project encountered a major hiccup on Aug. 7, when council members rejected zoning changes required to build the project’s gas compressor station, which is designed to fuel Entergy’s power station. Council members voted 5 to 3 to “postponed indefinitely” the gas compressor station, meaning the operating company could resubmit the project design at any time. Entergy Louisiana spokesman Michael Burns said the delays could push back the estimated date of completion for the power station increase construction costs.