Tuesday, January 4, 2011

Rising oil prices renew interest in converting natural gas to diesel

An article was published by the Midland Reporter-Telegram called "Rising oil prices renew interest in converting natural gas to diesel." It talks about the possibility of turning natural gas into liquid fuels and Sasol's recent deal with Talisman Energy. Because of the huge spread between oil and gas prices, the article states that the technology could be a "money maker for whoever is a first mover in that space."

With Sasol acquiring a 50 percent interest in Talisman's Farrell Creek shale gas assets, increased attention is being paid to the area benefitting companies like Canadian Spirit Resources Inc. (SPI). SPI has a large Montney resource land base in Farrell Creek equalling over 19,700 net acres.

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