Did you see the recent cover story on TIME magazine? Ethanol was once again blasted for being too expensive aad energy-inefficient, not scalable, and in fact, creating its own pollution. I still believe we will need more ethanol, and I hope in the future, it will be made from cellulosic materials more than from corn. But at the same time, the public may be less enamored of ethanol than in the past. It is getting more information all the time about the inherent limitations of ethanol (called "deathanol" by investors who have seen their ethanol-linked equities plunge on the back of a glut). "We ought to love ethanol--they run all their ethanol refineries on natural gas," quipped Larry Nichols, CEO of Devon Energy Corp., one of the nation's biggest natural gas producers. He spoke recently in Fort Worth at our largest conference ever, Developing Unconventional Gas. Nichols said corn consumes 40% more fertilizer than any other common crop, and fertilizer is made from natural gas, so that too, increases natural gas demand.
2023-10-03 - Can Haynesville, Permian and Eagle Ford E&Ps meet skyrocketing gas demand to serve a host of new LNG projects on the Gulf Coast? These executives have concerns.
2023-11-08 - As EOG Resources explores premium onshore drilling opportunities, the company is seeing promising results from its South Texas Dorado plays and Ohio Utica results that compare with the Permian Basin.
2023-10-24 - CNOOC updated up its 2023 capital spending to build new production capacities after reporting a fall in third quarter profits due to lower realized oil prices.
2023-09-11 - Get ready for a Gulf Coast gas boom. Answering the call isn’t going to be the Marcellus, which is constrained, said Chesapeake Energy Corp. CEO Nick Dell’Osso.
2023-11-13 - The move comes as the energy company, most known for its oil production and chemicals business, works to establish itself as a leading supplier for EVs by 2030.