Encana ja EOG ulos Kitimat LNG:stä, Chevron tilalle

Chevron Subsidiary Acquires Operating Interest in Western Canada LNG Project

 SAN RAMON, CA, Dec. 24, 2012 /CNW/ - Chevron Corporation (NYSE: CVX) today announced that its indirect Canadian subsidiary, Chevron Canada Limited, will acquire a 50 percent operating interest in the Kitimat liquefied natural gas (LNG) project and proposed Pacific Trail Pipeline (PTP), and a 50 percent interest in approximately 644,000 acres of petroleum and natural gas rights in the Horn River and Liard Basins in British Columbia, Canada. "The Kitimat LNG development is an attractive opportunity that is aligned with existing strategies and will drive additional long-term production growth and shareholder returns," said George Kirkland, vice chairman, Chevron Corporation.

EOG Resources to Sell Its Kitimat LNG Facility Stake and a Portion of its Horn River Basin Acreage

HOUSTON, Dec. 24, 2012 /PRNewswire/ -- EOG Resources, Inc. (NYSE: EOG), (EOG) through its Canadian subsidiary, EOG Resources Canada Inc. (EOG Canada), today announced the signing of a purchase and sale agreement for its interest in the Kitimat LNG facility to Chevron Canada Limited. The transaction, subject to approval by Canadian regulatory authorities, is expected to close by the end of the first quarter 2013. The agreement includes EOG Canada's 30 percent interest in the planned natural gas liquefaction and export facility on British Columbia's west coast and associated Pacific Trail Pipelines project, as well as approximately 28,500 undeveloped net acres in the Horn River Basin. 

 "While we still believe in the viability of the Kitimat project, our decision to exit is consistent with EOG's focus on domestic onshore crude oil production, which is generating more immediate reinvestment opportunities," said Mark G. Papa, Chairman and Chief Executive Office

Hieman yllättävä uutinen varsinkin Encanan osalta. Encana tuli projektiin mukaan viimeisenä alla kaksi vuotta sitten ja suora omistusosuus LNG-vienti terminaalissa olisi luontevaa lähes puhtaalle maakaasun tuottajalle.

 EOG on pitänyt projektin etenemisen edellytyksenä öljyn hintaan sidottua hintaindeksiä myytävälle maakaasulle ja trendi kuitenkin on ollut päinvastainen, eli aasialaiset kaasun ostajat ovat pyrkineet eroon öljyn hintaan sidotuista kaasun ostosopimuksista. Kaasun myyjien tavoitteiden mukaisien ostositoumuksien saaminen on ollut yksi merkittävimmistä esteistä projektin etenemiselle.

CanElson etenee(yhtiö, ei osake)

CanElson and SaskEnergy to Develop Western Canada's First Commercial High-Capacity CNG Truck-Transport Supply Station

"CALGARY, ALBERTA--(Marketwire - Sept. 26, 2012) - CanElson Drilling Inc. (TSX:CDI) announced today that its wholly owned subsidiary CanGas Solutions Inc. ("CanGas") has signed a three-year natural gas delivery agreement with Bayhurst Energy Services Corporation (BESCO), a subsidiary of SaskEnergy, Saskatchewan's Crown-owned natural gas utility. Under the agreement SaskEnergy will develop a high-capacity compressed natural gas (CNG) facility at Weyburn, Saskatchewan, allowing CanGas to become the first commercial supplier in Western Canada of trucked CNG for diesel engines on oil and gas drilling rigs. "With this agreement we can start rolling out our plan to substitute diesel fuel with clean and inexpensive natural gas in our own fleet of mobile drilling rigs in Saskatchewan," said W. Randy Hawkings, CanElson's President and CEO. "We expect this agreement will serve as a regional model under which we can quickly expand our CNG road transport services business to supply drilling rig engines and other equipment in markets across North America." As a result of the agreement with SaskEnergy, CanElson will focus $9 million of its previously announced $20 million investment in CanGas to establish a fleet of 30 Saskatchewan-based truck-hauled CNG delivery trailers and to convert the primary diesel engines on all of its 14 drill rigs in Saskatchewan to bi-fuel capability so that the engines can operate on a mixture of natural gas and diesel fuel."

"With significant cost savings presently between natural gas and diesel fuel, CanElson has plans to negotiate more CNG supply agreements in other Canadian locations, as well as Texas and North Dakota, where CanElson operates drilling rigs."

Kaasun kuljetuskalusto on ensisijassa yhtiön omaa käyttöä varten(porille), toissijaisesti ulkopuolisille, jos kiinnostusta löytyy. CanGasin arvo=Dieselin hinta-maakaasun hinta-porauskaluston muuntokustannukset-kaasun kuljetuskustannukset.

"Natgas writedowns signal bank squeeze on spending "

BNN/Reuters:

 "Huge writedowns on natural gas fields point to cuts to come in oil and gas producers' reserves from untapped fields at the end of this year, which will constrain their ability to borrow and may herald more asset sales."

Gas liquids-rich, producers broke-ass poor

CHK:

Average prices realized during the 2012 second quarter (including realized gains or losses from oil, NGL and natural gas derivatives and excluding unrealized gains or losses on such derivatives) were $1.88 per thousand cubic feet (mcf) of natural gas, $91.58 per barrel (bbl) of oil and $25.94 per bbl of NGL, for a realized natural gas equivalent price of $3.77 per thousand cubic feet of natural gas equivalent (mcfe).

By comparison, average prices realized during the 2011 second quarter (including realized gains or losses from oil, NGL and natural gas derivatives and excluding unrealized gains or losses on such derivatives) were $5.19 per mcf of natural gas, $87.99 per bbl of oil and $38.37 per bbl of NGL, for a realized natural gas equivalent price of $6.07 per mcfe

Kondensaatin hinta ei ole laskenut samassa suhteessa muiden nesteiden kanssa, joten ne tuottajat, joiden NGL:t koostuvat pääasiassa kondensaatista eivät ole kärsineet näin pahasti. Metaanin(kuiva kaasu) hinta saattaa nousta hieman tulevina kuukausina, muttaa propaanin ja eteenin hinnat näyttävät olevan laskupaineessa, kun tarjonnan kasvu ylittää kysynnän kasvun reilulla marginaalilla lähitulevaisuudessa.

Viime viikolta:

Gas Liquids ‘Bloodbath’ Brings Shale Pain to Oil Market

Yksityisten voitoista laittomia Argentiinassa

Argentina to Require State Approval for Private Oil Investment

 Argentina’s government mandated the creation of an oil planning commission that will set national energy goals and have the power to review private companies’ investment plans. 

 The new commission will be made up of officials from the planning, energy and internal commerce ministries, the official bulletin shows. It will seek to “increase and maximize investments employed to explore, exploit, refine, transport and sell hydrocarbons with the goal of guaranteeing self-sufficiency and sustainability,” according to the document released by the Argentine government.

Jos löytämäsi öljy/kaasupoolin kehityssuunnitelma näyttää tuottavan voittoa siinä on jotain vikaa. Mutta ei hätää, komissio korjaa tilanteen: lisätään muutama ylimääräinen ympäristölupa(käsittelymaksu) ja bonus-rojaltiprosentti niin viivan alla jää korrekti numero. 0

Kyllä vain

Liardissa Kanadan seuraava suuri kaasuresurssi?

Apache:

In northern British Columbia, Canada, Apache has validated an outstanding new shale play in the Liard Basin with net estimated sales gas of 48 trillion cubic feet of natural gas (8 billion Boe) across 430,000 acres held with a 100-percent working interest. The resource estimate at Liard is based on recent drilling, test results and earlier well control points. "The D-34-K well is one of the best shale wells we've seen in any play," Farris said. "Our analysis indicates that the formation characteristics are remarkably consistent across this large basin."

8 miljardia boe 400,000 eekkerin pläntillä meinaa noin 12 miljoonaa boeta per section mikä ei ole hirveän paljon verrattuna Amerikan liuskeisiin. Lähempänä Kitimatia kuin Montney-kaasu, mutta infraa tuolla ei ole paljoa. Merkkaako jotain SOGille?

VLE ↑ & ↓

Valeuralta tuli tilanne päivitys puolisen toista viikkoa sitten:

VALEURA PROVIDES QUARTERLY OPERATIONAL UPDATE

 Kaasun myyntihinnat ovat nousseet ensimmäisellä neljänneksellä 5.5%(keskim.myyntihinta $7.74 per Mcf), mutta yhtiön keskimääräinen tuotanto laski 15% verrattuna viime vuoden viimeiseen neljännekseen. Laskutahti on kova, kun ottaa huomioon että käytännssä koko tuotanto on tavanomaista.

The fracs completed to date have confirmed commercial gas production from at least one sand interval in the Mezardere formation (Mezardere shale and Teslimkoy sand units) within structural closure on several structures on the TBNG-PTI lands.

Tuo sitaatti käytännössä tarkoittanee sitä että mitään varsinaista resource playta ei ole vielä löydetty ja että tuon yhden kaupallisen kaivon tuotanto tulee tavanomaisesta "rakenteellisesta ansasta".

Valeuran omistan vähän, mutta en näiden tietojen perusteella tee mitään. Merkittävä tuotanto epätavanomaisista muodostelmista on vähintään vuoden päässä. Tavanomaisien ansojen suhteen voi lykästää, mutta CoS lienee noissa 5-10%.

CKE

Chinookia ostin. Osin sisäpiirin ostojen rohkaisemana.

BOR osuu kaasuun?

Borders & Southern to Announce Falklands Gas Find, Times Reports Löydön kaupallistaminen saattaa olla haastavaa.

3Legs Res.

CanElsonilta synergistinen osto

CanElson Drilling Makes Strategic Acquisition to Expand Its Natural Gas Bi-Fuel Initiative, Announces Additional Long Term Contracted Rig Build and Provides an Operational Update

CALGARY, ALBERTA--(Marketwire - March 29, 2012) - CanElson Drilling Inc. ("CanElson" or the "Company") (TSX:CDI) announces that it has entered into an amalgamation agreement (the "Agreement") to acquire all of the issued and outstanding securities of CanGas Solutions Ltd. ("CanGas"), which currently provides natural gas transport services in Alberta and Saskatchewan (the "Acquisition"). These services are used to capture and monetize raw natural gas that is being flared at oil wells not tied into gathering systems and to transport processed natural gas for use as a fuel to displace diesel or propane...

Yksi uusi pora on myöskin tilattu.

Nelson hallitsee synergian:

Keskipitkän/pitkän aikavälin sijoitusidea

North European Oil Royalty Trust(NRT). Kyseessä on NYSE-listattu ilman päätöspäivää toimiva trusti. Toisin kuin monilla tuoreimmilla E&P:n perustamilla trusteilla tällä ei ole tuotantoalarajaa, jonka vuoksi trusti lakkautettaisiin automaattisesti. Tuotanto ja reservit ovat laskeneet 6 vuotta putkeen.
Reservien RLI taitaa olla n.6 vuotta. Tarkkaan ottaen niiden kenttien, joihin NRT:llä on rojaltioikeudet, RLI on n.6 vuotta; NRT:llä ei ole reservejä. Trustin nimetstä huolimatta sen mailta ei tällä hetkellä tuoteta öljyä vaan maakaasua. Vieläpä hapanta kaasua.

Vuoden 2011 aikana NRT:n rojaltimailla porattiin vain yksi kaivo, tänä vuonna suunnitelmissa on porata puoli tusinaa, joten tuotanto ja reservit saattavat kääntyä ainakin hetkeksi nousuun. Maita operoi Exxonin Saksan tytäryhtiö ja Exxonin ja Shellin omistama yhtiö.

Reuters:

Feb 20 (Reuters) - U.S. oil group Exxon Mobil sought to cool predictions of a European shale gas revolution, saying commercial production was at least five years away and dismissed forecasts offered by other industry players as "highly speculative".
Kevin Biddle, Exxon's exploration director for Europe, also downplayed the prospects for Poland -- believed by many to have the continent's largest reserves -- leading the shale gas charge, saying on Monday that Germany was more likely to be the first shale gas producer.

Ainakin ylempi ja vasen "old rights"-blokeista on NRT:n maita.





Tämä on ehtaa pråprietary shittiä, ei lisensoitu tai lainattu keltään. Sitä itseään.

"'Find of a lifetime' in Black Sea: OMV"

UPSTREAM:

An offshore Black Sea well jointly owned by ExxonMobil and OMV's Romanian arm Petrom has made a potentially significant discovery, according to the Austrian player

Operated by ExxonMobil on a 50% interest, the Domino-1 well is the first deep water exploration well in Romanian waters and is located in the Neptun Block, 170 kilometres offshore.

OMV said the exploration well encountered 70.7 metres of net gas pay, resulting in a preliminary estimate for the accumulation ranging from 1.5 trillion to 3 trillion cubic feet.

Speaking in Vienna as OMV announced its annual results, chief executive Gerhard Roiss told reporters that if confirmed, the find could be the largest in the company’s history, Reuters reported.

En pikaisella etsinnällä löytänyt kaivon tarkkaa sijaintia. Alla on sivu Sterling Resourcesin tammikuun presentaatiosta. Löydöllä tuskin on vaikutusta Sterlingiin muuten kuin että sen Ana ja Doina-kaasukenttien kehitys helpottuu(SLG:llä on ollut suuren luokan kärhämä Romanian viranomaisten kanssa(joku on joko saanut lahjuksia tai sitten joku on jäänyt ilman)) ja kenttien kaasulla saattaa aueta lyhyempi tie suuremmille markkinoilla, sillä OMV ilmeisesti suunnittelee Romanian offshore-kaasun viemistä Nabucco-putkella länteen. Kuten kartasta näkyy SLG:llä on muutama kohtuu kokoinen prospekti aivan OMV:n & Xoomerin blokin kyljessä. IV:ssä on varsin aktiivinen Sterling-palsta, jossa lisää aiheesta.

Liuskekaasua Itävallasta

Sivu 55 OMV:n presentaatiosta.

ja dubsteppia(, mutta ei Itävallasta vaan Ruotsista):

Progress Energy Grows Reserves by 28 Percent

Jee!

On a debt-adjusted per share basis, Progress' P+P reserves grew by 29 percent year over year

Jee!

On a petroleum product basis, natural gas P+P reserves increased by 26 percent, natural gas liquids P+P reserves increased by 58 percent and crude oil P+P reserves declined 3 percent

?


Taulu viittaa yhtiön parhaisiin Montney maihin, mutta kun PRQ:n Montney inventaariossa on 5,000-10,000 kaivoa, niin jos vain 10% noistaa kuluu parhaimpien joukkoon niin tuokin luku on iso.

Jotain. Ehkä.

CanElson Drilling has Patent Pending to Fuel Mobile Equipment With Stranded or Flared Natural Gas

CALGARY, ALBERTA--(Marketwire - Jan. 25, 2012) - CanElson Drilling Inc. ("CanElson" or the "Company") (TSX:CDI) announced today that it has a patent pending for the fueling of mobile equipment with stranded or flared natural gas. Stranded gas is defined as natural gas that is not being moved from the well to market due to a lack of infrastructure. CanElson has tested and evaluated the technology to utilize trucked Compressed Natural Gas ("CNG") on its mechanical drilling rigs. Initial tests have been very positive and indicate strong economics to support the next phase of development which includes implementing the technology on four of the Company's drilling rigs located in the Saskatchewan Bakken resource play during the second quarter of 2012. This next phase of development will implement the delivery of gas directly to the drilling rigs using mobile Gas Transport Modules ("GTM's"). In the third and fourth quarters CanElson expects to expand the utilization of the technology into North Dakota and the Permian Basin of west Texas.

Bi-Fuel is a proven technology, consisting of CNG injected into the inlet air of a diesel engine. The natural gas can replace up to 60 - 70% of the diesel fuel when the engine is under load. Further savings are possible in winter because a rig boiler can be fired on 100% CNG, and there are other mobile diesel engine applications (e.g. fracture stimulation equipment). Using heating value, the current diesel equivalent value of CNG is approximately $30 per thousand cubic feet (mcf). By displacing a portion of diesel fuel use from its drilling rigs with CNG, there is a significant economic and environmental opportunity for the Company as well as its customers and the communities where the rigs work...

Tämän lisäksi Elson McDougalilla on taasen uusi ja hieman kiintoisa rauta tulessa(MXX).

Muoks. 7.2.2012 Lisätty kuva CanElsonin presentaatiosta

Awilco LNG Q3

Tiedotteesta:

The Company had an option for additional two newbuilding LNG vessels, which was not declared at the time of expiry at the end of Q3.

Tsakos on ilmeisesti käyttämässä nuo telakkaoptiot. Rahoituksen saaminen lienee Awilcon päätöksen takana.

AECO futut käynä alle kolmosen!

Karmiata kahteteltavata.

"UK firm says shale fracking caused earthquakes"

Reuters:

Shale gas exploration triggered small earthquakes near Blackpool in northwest England earlier this year, UK firm Cuadrilla Resources said, adding to concerns about the safety of a technology that is transforming U.S. energy markets.

"Thick shale gas play emerging in Spain's Basque area"

OGJ:

Analysis of drilling and test data from 14 wells drilled since the 1950s has indicated the presence of a world class shale gas play in the Basque Country of northern Spain.

Of 14 wells that penetrated the Cretaceous shale, 10 tested gas and only three penetrated the entire section.

A group led by the Basque national oil company will drill its first two appraisal wells in 2012. The 14 earlier penetrations collectively led to an independently estimated midrange resource of about 200 tcf of free gas and adsorbed gas in place...