Nat Gas News – October 11, 2017
Nat Gas News – October 11, 2017
Moneta Divide Natural Gas Development Project finally moving; Possible start in late 2019
County 10 reported: The Fremont County Commission heard this morning that a draft Environmental Impact Statement on the massive Moneta Divide Natural Gas Play could be out by next spring. Development of the field could then begin by the end of 2019. Over 4,000 wells were originally proposed for the play, located mostly in Eastern Fremont County with some of the drilling in Natrona County. Yannone said Aethon plans to use more directional drilling than what was originally planned by Encana. “They are planning at least four wells per pad,” she said, “using directional drilling rather than vertical drilling.” Aethon is already drilling some wells under an interim drilling plan that limited surface disturbance to 150 acres per year.
Russia’s Rosneft goes big into natural gas
Hellenic Shipping News reported: Rosneft has recently inked a number of deals which could facilitate the company’s ambitions to develop international gas trading and export operations, the latest stage in a long -running attempt to become a major gas player and access the lucrative export market. Rosneft is sitting on a huge wealth of reserves that it is keen to monetize, a situation which will become more pressing as more production comes on stream in the next few years. Rosneft produces gas at numerous projects across Russia, with gas output in the first half of 2017 rising 2.9% year on year to 34.2 Bcm according to company data released in the summer. The company is aiming to ramp up production to 100 Bcm/year by 2020. This will still be dwarfed by its rival Gazprom’s output, which is eyeing production of 450 Bcm in 2017. Rosneft is also strengthening its case via trading deals.
This article is part of Uncategorized
Tagged:
MARKET CONDITION REPORT - DISCLAIMER
The information contained herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. Furthermore, no responsibility is assumed for use of this material and no express or implied warranties or guarantees are made. This material and any view or comment expressed herein are provided for informational purposes only and should not be construed in any way as an inducement or recommendation to buy or sell products, commodity futures or options contracts.
