Natural Gas News – August 29, 2018

Natural Gas News – August 29, 2018

Three Regions Account for Half of U.S. Natural Gas Production

Chron reported: Three regions are driving the growth of U.S. natural gas production as the Gulf of Mexico claims a smaller share of the total. The U.S. Energy Department reported that the Appalachian Basin in the Northeast, the Permian Basin in West Texas and the Haynesville Shale straddling Texas and Louisiana have grown to account for almost 50 percent of domestic production, up from 15 percent in 2007. The Gulf of Mexico, meanwhile, accounts for 3 percent of U.S. natural gas production, down from 12 percent in 2007. Producers have shown greater interest in offshore projects in recent months but new wells remain pricier to drill than those onshore. U.S. natural gas production has surged during the last decade alongside crude oil production, which topped 11 million barrels a day last month for the first time. For more on this story visit chron.com or click https:// bit.ly/2ohA7OK

SoCalGas Completes Major Project to Modernize Natural Gas Pipeline in the L.A. Gateway Area

North American Pipelines reported: Southern California Gas Co. (SoCalGas) recently announced it has safely completed a fiveyear, $100 million project to modernize 13-miles of three high pressure natural gas pipelines to enhance safety and reliability for nearly 375,000 residential and commercial natural gas customers in the L.A. Gateway area. China slapped tariffs last week on imports of U.S. oil products and coal. “Our natural gas system pipelines are the arteries that keep affordable and clean energy flowing to homes, businesses, hospitals, schools, power plants and other critical facilities throughout Southern California,” said Rick Phillips, senior director of SoCalGas’ Pipeline Safety Enhancement Plan. “SoCalGas is committed to modernizing our natural gas system so that we can continue to provide every Southern Californian with the affordable and reliable energy they deserve.” For more on this story visit napipelines.com or click https://bit.ly/2BYCLCL

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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.

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