NATURAL GAS
The more the 50 percent crude oil price decline since July 2014 has impacted oil and gas industries throughout the supply chain and reignited energy policy debates at federal and state levels. Light, sweet oil has accounted for the majority of the domestic production increase over the last eight years, but since U.S. refiners are…...
Pennsylvania’s Natural Gas Industry Challenged by Regulatory Changes While a number of regulatory changes could slow Pennsylvania’s oil and gas expansion, its resource deposits will continue to attract steady growth. Pennsylvania Governor Tom Wolf’s proposed natural gas severance tax would significantly increase the effective tax rate for shale gas producers in the state, and ongoing…...
Insight for Industry – Ongoing Technology Advances and Policy Actions Will Lower New York’s Offshore Wind Costs Global and domestic factors, combined with siting and transmission policies, innovative financing mechanisms, and infrastructure upgrades may allow New York to reduce offshore wind energy costs by 50 percent by 2022. Offshore wind energy cost reductions will enable…...
Insight for Industry – Capital-Intensive Wind Energy Projects Will Rely on Streamlined Processes and Supportive Policies Continued wind industry growth depends on near- and long-term actions that can facilitate continued cost reductions, add transmission capacity, and streamline permitting activities to complement government policies. Domestic wind deployment has increased in recent years despite low natural gas…...
Insight for Industry – U.S. Crude Oil Export Restrictions Cause Refining Mismatch and Light Oil Price Discount The dramatic increase in domestic oil production over the past decade – facilitated by drilling technology improvements – has rekindled the crude oil export debate. Allowing crude oil exports would provide an additional market for light crude derived…...
Insight for Industry – RGGI Market Gaining Stability The Regional Greenhouse Gas Initiative’s (RGGI) first quarterly auction of 2015 (Auction 27) results indicate a stable market design as compliance entities purchased all allowances and the clearing price remained below the Cost Containment Reserve (CCR) threshold. Despite high overall demand, zero non-compliance (solely financial market) entity…...
Innovative Plans Optimize Excess Pipeline Capacity during Spring and Fall Seasons Northeast natural gas demand is not consistent year-round. This challenges pipeline project developers to prove project necessity. However, developers are proposing enhancements to existing systems and innovative strategies to make use of potentially excess pipeline capacity. Some proposed options to optimize excess supply and…...
BOEM Lease Sale 246 to Offer all Available Acreage in Western GOM for Oil and Gas Activity The Gulf of Mexico (GOM) accounts for the majority of oil and gas production on the Outer Continental Shelf (OCS). On March 2, 2015, the Bureau of Ocean Energy Management (BOEM) announced that its proposed Gulf of Mexico…...
Distributed System Platform to Facilitate New Resource Integration The marketplace envisioned under the New York Public Service Commission’s (PSC) Reforming the Energy Vision (REV) proceeding targets efficient development of distributed energy resources (DERs). In its REV Track One regulatory framework issued on February 26, 2015, the New York PSC determined that utilities will perform the…...
Incumbent Utilities will act as Distributed System Platform Providers New York Public Service Commission (PSC) and Department of Public Service (DPS) staff has deemed incumbent utilities as the best entities to develop new distributed system platforms (DSPs) under the Reforming the Energy Vision (REV) proceeding. The proceeding aims to reorient New York’s electric industry and…...
Demand response participation in wholesale power markets has varied across Regional Transmission Organizations since the Federal Energy Regulatory Commission finalized Order 745 in 2011. The outcome of the Supreme Court’s pending review of the May 2014 Order 745 vacatur will have varying impacts across RTOs based on market structure and demand response enrollments in wholesale…...
The DOI has proposed additional regulations for exploratory drilling in the Alaska OCS to ensure that operators implement necessary measures – including integrated operations and spill-response plans – through all phases of offshore exploration. The oil and gas resource potential of the Alaska Outer Continental Shelf (OCS) has received considerable attention from industry. On February…...