"Using liquefied natural gas to power drilling rigs instead of diesel can reduce fuel costs by almost half and cut greenhouse-gas emissions, according to an Encana Corp. (ECA) pilot project.
Encana, Canada’s largest natural-gas producer, reduced fuel costs 47 percent, or $830,000, compared with diesel use, at a shale-gas drilling site in the Haynesville formation which spans the border of Texas and Louisiana, David Haugen, who heads Encana’s market development for gas strategic planning, said in an interview.
The savings were based on consumption of almost half a million gallons of fuel and average prices of diesel of $3.28 a gallon and $1.11 a gallon for LNG over a period of about 160 days. The company plans to use LNG at more of its operations, said Haugen. ".........................
"Encana, Canada’s largest natural-gas producer, reduced fuel costs 47 percent, or $830,000, compared with diesel use..."
Could it be that Encana is "buying" its LNG from itself? If that is the case, no wonder they saved so much money.
I can explain it to you but I can't understand it for you.
"Any man who thinks he can be happy and prosperous by letting the Government take care of him; better take a closer look at the American Indian." - Henry Ford
Corruptissima re publica plurimae leges; When the Republic is at its most corrupt the laws are most numerous. - Publius Cornelius Tacitus
