Monday, January 23, 2012

EIA Forecasts Shale Gas Production Will Continue Strong Growth, Double By 2035

The Annual Energy Outlook 2012 (AEO2012) Reference case was released today by the U.S. Energy Information Administration (EIA). This report presents updated projections for U.S. energy markets through 2035, and its projections include only the effects of policies that have been implemented in law or final regulations.

"Our updated Reference case projections show natural gas and renewables gaining an increasing share of U.S. electric power generation, domestic crude oil and natural gas production growing, reliance on imported oil decreasing, U.S. natural gas production exceeding consumption, and energy-related carbon dioxide emissions remaining below their 2005 level through 2035," said EIA Acting Administrator Howard Gruenspecht. "These projections reflect increased energy efficiency throughout the economy, updated assessments of energy technologies and domestic energy resources, the influence of evolving consumer preferences, and projected slow economic growth," said Gruenspecht.

Here are key projections for natural gas:

- Since 2000, shale gas production has increased 17-fold and now comprises about 30 percent of total U.S. dry gas production.
- U.S. shale gas production to double by 2035...to 49% of total domestic natural gas production.
- Between now and 2035 natural gas will remain stagnant in percent (25%) of total share of U.S. energy use.
- Electric power generation and industrial demand will drive future natural gas demand growth.

Click to read the press release.

Thursday, January 19, 2012

DEP To Host Workshop On Horizontal Act Regulations

The West Virginia Department of Environmental Protection will be conducting an oil and gas industry workshop addressing the recently passed horizontal drilling legislation (Natural Gas Horizontal Well Control Act) on February 1, 2012 at the Charleston Marriott Town Center Hotel. The workshop will begin at 8:00 am and conclude at 3:00 pm. The principal focus of this workshop will be related to permitting/approval of activity covered under the article. The primary audience is those that get into the details of putting such information together for application submittal, which may include contractors, consultants, etc.

Wednesday, January 18, 2012

“Bucky” Duranti, Jr. Joins LGCR's Natural Gas Practice; New Office Opened In Morgantown

Lewis Glasser Casey & Rollins PLLC is pleased to announce that veteran natural gas lawyer R. P. “Bucky” Duranti, Jr. has joined the firm as a member and part of its growing natural gas practice. Bucky’s law colleague, Angela C. Ramsey, also is joining the firm as an associate. Bucky and Angela will bolster Lewis Glasser’s capabilities to meet continued growth from clients involved in natural gas drilling and production activities. We also are pleased to announce that Lewis Glasser has opened a north-central West Virginia office in the Morgantown area.

Bucky will be based in this new north-central office along with two other LGCR lawyers – Bernie Worley and Nathan Austrian – and other legal support staff. The north-central office is expected to expand significantly over the coming year. Ramsey will continue to work out of a Beckley location, and Mark Sadd, a member in the firm, will continue to oversee the firm’s mineral title and real estate activities.

The hiring of Bucky and Angela -- and the opening of a Morgantown office -- are part of Lewis Glasser’s strategy to expand its capabilities to meet the needs of existing clients and our growing list of clients with interests in north-central West Virginia. Bucky’s knowledge and experience will be a perfect fit for helping LGCR meet the needs of its expanding client base, particularly with acquisitions, natural gas title work, lease and mineral ownership matters and real estate/commercial transactions.

Friday, January 6, 2012

2012 Legislative Session May Be Quieter For Natural Gas Industry

Top Tomblin Administration officials and legislative leaders do not expect lamwakers to revisit the recently enacted horizontal drilling law or other Marcellus-related issues when they come to Charleston on January 11 to start the 2012 regular legislative session. Legislators recently enacted the comprehensive new law following months of meetings.

Read articles:

Marcellus may not be a hot topic in 2012 session
Associated Press, January 6, 2012

Lawmakers unlikely to revisit Marcellus shale in 2012
The State Journal, January 5, 2012