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Article: Low Crude Prices Push Independents to Production of Coalbed Methane.
- Article from:
- The Oil Daily
- Article date:
- December 8, 1998
- Author:
CopyrightCOPYRIGHT 1998 Energy Intelligence Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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With oil prices still cripplingly low, many domestic upstream independents have turned their attention to natural gas. And some are taking particular interest in the potential created by coalbed methane, which is starting to emerge as a major new gas supply source.
Underscoring its importance, Wyoming Interstate Co. Ltd. (WIC) -- the Rocky Mountain affiliate of Coastal Corp. -- filed last week for approval to build the $80.5 million Medicine Bow Lateral.
WIC said the lateral, a 24-inch-diameter, 143-mile pipeline, would receive coalbed methane from pipeline systems near Glenrock, Wyo., and flow it to WIC's mainline, west of Cheyenne, Wyo. It's expected ...