Natural Gas News – December 18, 2018

Natural Gas News – December 18, 2018

Gazprom Export Sells Further 30 Million Cu M of Natural Gas on Electronic Platform

S&P Global reported: Russia’s Gazprom Export sold 30 million cu m of Russian gas on its Electronic Sales Platform (ESP) on Monday, with all the volumes sold for January delivery to the German Gaspool hub. The number of delivery points in Monday’s auction had been reduced to just two Gaspool and the Slovakian virtual trading point — suggesting Gazprom Export was limiting its sales. Auctions last week also offered sales to a number of Austrian delivery points and the German NCG hub. Gazprom Export has not scheduled an auction for Tuesday, suggesting it may have wrapped up its sales for 2018. The company could not be reached for immediate comment Tuesday. For more on this story visit spglobal.com or click https:// bit.ly/2USOeZQ

Technically Recoverable Natural Gas From Future US Shale Wells on Rise

Oil & Gas Journal reported: A new analysis of the nation’s major shale gas plays shows 20% more natural gas can be technically recovered from future wells compared with an estimate made 5 years ago. Researchers primarily attributed the increase to new drilling practices. The analysis by the University of Texas at Austin’s Bureau of Economic Geology examined production capabilities and estimated total gas in the Barnett, Fayetteville, Haynesville, and Marcellus plays. The study updated 2011-13 findings. Svetlana Ikonnikova, the principal investigator of the study and a research scientist at the bureau, said that developments in drilling technologies, market conditions, cost structures. and improvement in geological characterization prompted the updated assessment. “Five years ago, we hardly thought of multilayer or stacked well drilling, or of quadrupling lateral well length,” she said. The team used 3D modeling and advanced data analytics to enhance the understanding of -”. For more on this story visit ogj.com or click https://bit.ly/2QJ2hmE

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