GLG News by LNG Experts

Editors of the Oil & Gas Journal reported on December 9 that three operators reported new horizontal completions in the Jurassic Haynesville shale play. Production rates were high. Petrohawk Energy’s Sample 9-1 in Red River Parish, Louisiana came in at 28.2 million cubic feet/day (cod) with flowing...

Mark Landler reported in the December 10 issue of The New York Times that the world economy is on the edge of a rare recession. The World Bank made this forecast on December 9. World trade will fall in 2009 for the first time since 1982. World Bank officials warned that the downturn could place developing...

The financial crisis has put the focus back on economic reality and president-elect Obama will desert his militant environmental leftists when new jobs and basic infrastructure projects can solve his objectives.  Of course, military objectives area also heavily weighing on his future decisions. ...

All across the U.S. exploration companies are quickly reacting to falling crude oil and natural gas prices. budgets for 2009 are being reduced by many producers with more to follow. Until a few months ago, energy exploration was a bright spot in a sinking general economy. Now that is changing. Matthew...

    Despite U.S coal demand forecasted to be down in 2009 for thermal and metallurgical exports, new coal plants coming online will require incremental coal demand.

    Current natural gas prices of approximately $6.00/MMBtu allow electricity generation on natural gas to be more economic compared to coal in certain areas of the U.S.  This is further favored by the time of the year.

U.S thermal coal exports will be down in 2009 versus 2008 since the U.S.’s coal is no longer competitive into Europe and other world locations.

In the atmosphere of a slowing economy, a changing Less-Than-Truckload (LTL) marketplace, continued problems with benefit funding and union concessions at YellowRoadway - YRCW, what does that mean for the smaller fish in the pond like Oak Harbor Freight Lines? My colleague Mr. Schultz wrote in September...

The Rigzone Newsletter reported December 3 that Southern Star Energy had drilled and logged the Haynesville interval in its Burt 20-1 well in Sentell field, Bossier Parish, Louisiana. The well had already found a pay zone in the Cotton Valley. The company then drilled ahead and found 312 feet of laminated...

RIGZONE news reported on an article by James Herron of Dow Jones Newswires on December 3. Mr. Herron said that funding for small to medium-sized oil companies will be scarce in 2009. When capital becomes available, it will be expensive. Michael Powell of Barclays Capital confirmed this opinion. Simon...