McMullen County Wells Report Higher H2S Gas Levels – Britain Oil Industry Cash Strapped – Lavaca Bay Floating LNG Plant Put on Hold
Eagle Ford Minute December 31
by Randy Watson Email Randy
McMullen County, TX includes some of the best development areas for the Eagle Ford Shale, but wells in the county have been found to yield higher concentrations of H2S gas compared to other areas.
According to experts, early Eagle Ford well results indicated the reservoir was a relatively sweet, yielding low concentrations of H2S gas, at less than one percent. Well results from some McMullen County wells, however, have yielded H2S gas concentrations greater than four percent. Read More
Britain’s oil and gas industry is running out of cash as low prices and high levels of debt threaten the sector, warns Company Watch. A third of Britain’s listed oil and gas companies are in danger of running out of working capital and even going bankrupt amid a slump in the value of crude, according to new research. Read More
Excelerate Energy’s Texan liquefied natural gas terminal plan has become the first victim of an oil price slump threatening the economics of U.S. LNG export projects. A halving in the oil price since June has upended assumptions by developers that cheap U.S. LNG would muscle into high-value Asian energy markets, which relied on oil prices staying high to make the U.S. supply affordable. The floating 8 million tonne per annum (mtpa) export plant moored at Lavaca Bay, Texas advanced by Houston-based Excelerate has been put on hold, according to regulatory filings obtained by Reuters.
For more information visit NoBullRadio.com … This is Randy Watson of the No Bull Radio Network reporting from the 1280 AM KMFR Radio Studio in Pearsall Texas wishing everyone a safe and hAPPY NEW YEAR as 2014 comes to a close and 2015 comes anew.