"For much of the state of Maine, the environment is the economy"
NOTICE — Beginning in March:
Due to the pending FERC calendar re Downeast LNG, and in order to focus our time and resources, news articles cited on this website will now include mostly just those articles of interest to the Passamaquoddy Bay area.
2013 May 13
India-based H-Energy has signed an option agreement with the Canadian province of Nova Scotia, to look at putting up an natural gas liquefaction facility and export terminal in the province, a director of the company, said on Thursday.
Indian firm has option for land to build plant, terminal in Guysborough County
Indian company H-Energy has an option to acquire 240 hectares of land from the province for a possible LNG plant and export terminal along the Strait of Canso.
The developer of a similar venture further east in Guysborough County said he’s not familiar with the Indian company or its plans.
One-third of the Goldboro facility’s supply will come from shale gas projects in New Brunswick and officials are also exploring options in offshore Nova Scotia and the northeastern United States. [Red & bold emphasis added.]
Consider the facts: Lower-48 gas production averaged at 72.1 Bcf/d in January, close to all-time highs, according to the US Energy Information Administration. Gas rigs, meanwhile, were at 14-year lows, averaging at 434 for the same month.
Drilling times per well have about halved compared to two years ago. The fastest time an Eagle Ford well has been drilled, as per an operator there, is three days. Three days.
In Pennsylvania, more than 1,000 wells have been drilled, but are waiting to be completed because the necessary takeaway capacity isn’t ready. Some producers have reduced their gas rig counts in the state to a grand total of one and still see their overall production levels grow year-over-year, a stark indicator of how prolific some of those wells are. [Red & bold emphasis added.]