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MARKET UPDATES: NATURAL GAS

Market Updates: Natural Gas

Is There a Need for New Policies for Inactive and Orphan Wells?

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Published on: October 11, 2017

Natural Gas Report - August 2017

The 2014 downturn in the energy sector hit the profitability of oil and gas companies, pushing some into survival mode. The insolvency rate increased, leading to an increased amount of assets, specifically wells, being inactive or orphaned. However, even in a high oil price environment, oil and gas companies may go bankrupt, which requires policies and procedures in place to deal with leftover assets. In February 2017, the question of orphan wells was raised as the Alberta Energy Regulator (AER) “has suspended all licenses of Lexin Resources Ltd. wells, facilities, and pipelines, requiring the company to cease all production” [6] which resulted in adding over 1,000 oil and gas wells and other properties to the orphan wells pool in the province [16]. These recent events highlighted the issue in Western Canada, not only in Alberta, but also in Saskatchewan and British Columbia. This article presents the current situation with orphaned wells in Western Canada and describes existing regulations..... Download full report.

August 2017

Pennsylvania Gets (Ethane) Cracking

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Published on: July 22, 2017

Natural Gas Report - June 2017

The Marcellus Shale, located in Pennsylvania, Ohio, West Virginia and New York, is the largest producing shale basin in North America by a wide margin, surpassing the once-prolific and pioneering Barnett Shale in January 2012 and the Haynesville Shale in September 2012...... Download the full report.

June 2017

Methane Emissions Reduction Policy in Canada

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Published on: July 21, 2017

Natural Gas Report - May 2017

Last December, the federal government and all provinces except for Saskatchewan and Manitoba, signed a Pan- Canadian Framework on Clean Growth and Climate Change. The document is a strategic pathway for Canada to reach 30% GHG emissions reductions below 2005 levels by 2030. It stands on four main pillars: carbon pricing, complimentary actions, adaptation and climate resilience, and clean technology, innovation and jobs. According to the latest Environment and Climate Change Canada (ECCC) projections of GHG emissions, the policies legislated as of November 1, 2016, will get the country to 742 Mt of CO2 equivalent (CO2e) by 2030, substantially short of the proclaimed goal of 523 Mt CO2e (Figure 1). The Pan-Canadian framework describes the measures, on top of existing policies, which are to contribute in reaching the target..... Download the full report.

May 2017

Quebec Shale Gas: An Update on the Regulation Framework of "Le Gaz de las Discorde"

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Published on: May 31, 2017

Natural Gas Report - April 2017

The expression “Le Gaz de la Discorde” stems from “the golden apple of discord”, a reference from Greek mythology where a little dispute led to the Trojan War. The expression is chosen by many in the Quebec press to describe the protests that began in 2010 – following the onset of the discovery of the Utica Shale in the province. What began as small, local protests, ended up attracting hundreds in self-organized citizen committees, voicing their concerns...... Download the full report.

April 2017

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