Press Esc to close

WorldOil

CONTENT PREVIEW

For full content view: Log in Now!

  • What's new in exploration


    Arthur Berman, Contributing Editor

    WThe price of natural gas in the US (Henry Hub) dropped 30% between early June and late July 2007, from $7.89 to $5.56/MMbtu ($8.10-5.71/Mcf). From March to July, US imports of LNG surged to record levels, averaging 73% higher per month than the same period in 2006. Are the vast reserves of previously stranded gas beginning to enter the US? And will LNG imports hurt domestic gas E&P? Probably not in the near term, but it is important to understand the factors affecting the recent gas price downturn. The fundamental gap between indigenous North American gas supply and demand is undeniable (“The impending US gas supply crisis: Why prices will increase,” World Oil, June 2007), but prices are based on a short-term supply assessment that generally consists only of the current and upcoming demand seasons. A mild 2006-2007 winter and an exceptionally cool 2007 summer in the US have resulted in record amounts of gas in storage ...

This area of the site is restricted. In order to gain access, please either Log In, or subscribe to World Oil.

Two options are available to you for creating an account.

1. Get a Free Trial Subscription to World Oil Magazine and gain immediate access to select content on World Oil Online.

Start a Free Trial Subscription and gain immediate access to the complete current issue of World Oil Magazine. Plus, you’ll receive 3 upcoming issues of World Oil Magazine in print or digital format.* You also receive access to the Energy Events Calendar, Industry Statistics and WO Wire’s news and industry coverage.

Free Trial


2. Purchase a subscription to World Oil magazine and gain immediate and complete access to World Oil Online. As a Total Access subscriber you will have access to all areas of the site available to registered users and free subscribers as well as having access to such premium content areas as:

  • The Archives section containing over ten years of complete magazine archives,
  • The WO DataHub's engineering tables and directories,
  • The World Oil annual forecasts, including past predictions,
  • Select World Oil technical handbooks,
  • And much, much more!

Subscribe


Physical copies of this content may be available for purchase. Visit the Reprints & Back Issues section.


If you are already a paid subscriber and do not have access, please email CustomerService@worldoil.com.

WO DATA HUB

EngineeringTablesIcon-Large

Engineering Data Tables

World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.

WO SUPPLEMENTS

2013 Fracturing Technology

2013 Fracturing Technology

ENERGY EVENTS