Platts Gas Daily, March 10, 2008.

Small Rockies gas producer files for bankruptcy PRB Energy, “Our revenue stream has also been negatively impacted through the first nine months of the year as a result of downward pressure on our realized natural gas sales prices stemming from regional constraints in moving and selling our natural gas production in higher-demand markets.” 

Platts Gas Daily, March 3 2006

“So let me get this straight: The canadians drill up our natural gas in Lake Erie and off the coast of Maine and sell it to us, and the Cubans drill for oil and gas hundreds of miles closer to Florida than we do?” the Pennsylvania Republican [John Peterson, U.S. House Representative] said. “And we wonder why U.S. consumers and small businesses pay the highest natural gas prices in the world.”

October 2005, Wyoming State Revenue Forecast, 2006-2010

The magnitude of the importance of natural gas in the overall severance tax picture would be difficult to overstate. Simply put, approximately two-thirds of the state’s [Wyoming’s] mineral valuation, and therefore two-thirds of the severance taxes projected in this report, are due directly to the production of natural gas.

 

Source, PLATTS GAS DAILY, AUGUST 12, 2005

As U.S. gas demand rises toward an estimated 30 Tcf by 2020 and the industry spends billions of dollars to keep up, pipelines with access to mature production basins in Oklahoma, West Texas and the Gulf Coast “may not be viewed as favorably as pipelines with access to the Rocky Mountain region, which has experienced production growth in recent years,” S&P said in a report, “Key Rating Factors for U.S. Natural Gas Pipelines.”

 

PLATTS GAS DAILY, MONDAY, JUNE 20, 2005

The next 20 years will hold myriad challenges for energy companies seeking to develop new gas and oil reserves, including access limitations, a dwindling workforce and a shortage of investment dollars, industry executives said last week at The Economist’s Oil & Gas Roundtable in Houston. “We are without a doubt living in an energy-constrained world,” proclaimed Kathleen Sendall, Petro-Canada’s senior vice president for North Americas gas. “Today’s energy companies are running flat out to meet demand.” Robert Daniels, Anadarko Petroleum’s senior vice president of exploration and production, agreed with Sendall and blamed the tight supply/demand balance on “25 years of underinvestment [that] have left us in a supply crunch.”

 


By Thomas Homer-Dixon and S. Julio Friedmann, The New York Times
Saturday, March 26, 2005

Relief isn't likely to come anytime soon from drilling elsewhere: Oil companies spent $8 billion on exploration in 2003, but discovered only $4 billion of commercially useful oil.

Nuclear Power? A source that produces no greenhouse emissions. To meet the expected growth in total American energy demand over the next 50 years would require building 1,200 new nuclear power plants in addition to the current 104 - or one plant every two weeks until 2050.

Solar power? To satisfy its current electricity demand using today's technology, the United States would need 10 billion square meters of photovoltaic panels; this would cost $5 trillion, or nearly half the country's annual gross domestic product.

Hydrogen? To replace just America's surface transportation with cars and trucks running on fuel cells powered by hydrogen, America would have to produce 230,000 tons of the gas - or enough to fill 13,000 Hindenburg dirigibles - every day.

 

 

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Alliance and Questar announce open season for a Natural Gas Pipeline from U.S. Rockies to Ventura and Chicago gas trading hubs. More information... *
CALGARY, Alberta – April 7, 2008 – TransCanada Corporation (TSX, NYSE: TRP) (TransCanada) today announced the start of a binding open season process for a proposed natural gas transmission pipeline that would move natural gas supply from the U.S. Rockies basins to markets in the U.S. Midwest. More information...
OMAHA, Nebraska – April 4, 2008 – Northern Border Pipeline Company (Northern Border) today announced that its wholly-owned subsidiary, Bison Pipeline LLC, has scheduled a binding open season for potential shippers to request firm pipeline capacity on a proposed new natural gas pipeline system. More information...
The Second Annual Wyoming CO2 Conference - May 29th-30th, Casper, Wyoming. More information... *
Williams and TransCanada Propose New Natural Gas Pipeline For Western U.S. More information... *

Oil Springs Storage Expansion - Open Season Announcment.

Questar Overthrust Pipeline Company (Overthrust) is conducting an Open Season commencing 8 a.m., MST, on Friday, Feb. 29, 2008, and continuing until at noon, MDT, on Friday, April 4, 2008.

 

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1. Oil price vaults to record $126.20 (AFP)

Traders work in the crude oil options pit moments before the closing bell at the New York Mercantile Exchange. Oil prices have hit a record high above 126 dollars, driven by speculative interest amid concerns about tight global energy supplies.(AFP/Getty Images/Mario Tama)AFP - The price of New York crude oil soared above 126 dollars per barrel on Friday, lifted by speculative demand amid concerns about tight global energy supplies, analysts said.


2. Oil price jumps above $126 for first time (AFP)

Traders work in the crude oil options pit moments before the closing bell at the New York Mercantile Exchange. Oil prices have hit a record high above 126 dollars, driven by speculative interest amid concerns about tight global energy supplies.(AFP/Getty Images/Mario Tama)AFP - Oil prices hit a record high above 126 dollars on Friday, driven by speculative interest amid concerns about tight global energy supplies, analysts said.


3. Judge sentences former Alaska lawmaker in bribery case (AP)

Former Alaska state Representative Vic Kohring leaves the federal building in Anchorage, Alaska on Thursday, May 8, 2008, after being sentenced in federal court to 3 1/2 years in prison for corruption charges. Kohring was convicted in November of accepting at least $2,600 from executives of VECO Corporation, an influential Alaska company that provided engineering, construction and facility maintenance services to oil producers.  (AP Photo/Al Grillo)AP - A former Alaska legislator convicted of taking bribes to push legislation for a major natural gas pipeline was sentenced Thursday to 3 1/2 years in federal prison.


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UPCOMING EVENTS

WPA meetings are scheduled for the 3rd Tuesday of the month except for November and December with public meetings scheduled quarterly. The following is the 2008 tentative WPA meeting schedule:
May 20th - Public Meeting - WOGCC
May 29th-30th - Wyoming CO2 Conference. More information... *
June 17th - Telephone Conference Call
July 15th - Telephone Conference Call
August 19th - Public Meeting - WOGCC
September 16th - Telephone Conference Call or Natural Gas Fair
* October 21st - Telephone Conference Call
* November/December 9th - Telephone Conference Call
 
* A public meeting may be scheduled if necessary
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