Technological advances and Americans' hearty appetite for natural gas have given Anadarko Petroleum Corp. the opportunity to break new ground - literally and figuratively - in this remote, rugged region of the Rocky Mountains.

On a cliff several hundred feet above the White River, Texas-based Anadarko is drilling 17 wells from a single location - a dozen more than it's drilled from a single site in the past. Rather than spread the wells across the landscape, they'll be concentrated in a relatively small area. The ultimate goal is to snake the drill bit thousands of feet into the earth, tapping natural-gas supplies beneath the river.

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Producers Likely to Increase Capital Spending in 2008

Capital expenditures by oil and gas companies worldwide will rise by 11% in 2008 on growing confidence in the longevity of high oil prices, investment firm Lehman Brothers said Friday.

Global exploration and production capital budgets will expand by $369 billion in 2008 from $332 billion in 2007, marking the sixth consecutive year of double- digit growth, according to a Lehman survey of 344 companies.

"Gains continue to be driven by strong increases in international spending," said analyst Jim Crandell . "Moderate spending growth is expected in the U.S., but reductions are forecast in Canada ."

Oil and gas companies have shifted into a more aggressive investment mode in recent years in the wake of higher commodity prices, shifting away from a long period that emphasized capital discipline.

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Depending on LNG Presents Many Risks
By Ken Silverstein, Energy Biz Insider

Liquefied natural gas could overflow with prosperity. But, real risks are present.

Stranded gas found in pockets around the world can be frozen, transported and then re-gasified in areas where natural gas shortfalls persist. Right now, that LNG provides about 2.8 percent of this nation's natural gas, a figure that the U.S. Department of Energy is predicting to increase to 16 percent by 2030.

"LNG allows the United States to meet the growing demand for natural gas in an environmentally sound and safe way," says Bill Cooper, executive director of the Center for LNG in Washington, D.C. "We currently produce 83 percent of our natural gas, domestically. We import between 12 percent and 14 percent from Canada, whose contributions will only fall. Demand will only rise and we have to fill the gap."

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Save The Date – National Association of Power Engineers Meeting

Thursday, January 24, 2008  

Energy Management from a Water Treatment Perspective
Rock Kaiser – District Account Manager
Nalco Company  

All meetings are held at 12 noon at Citizens Gas, 2020 North Meridian Street, Indianapolis, IN.
For more information please contact Rick Ratliff at DLR Mechanical at (317) 253-6822.