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News
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LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.
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LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.
Read more
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Industry News
Gas Drilling Goes Deeper to Offset Waning Production
LCG, Oct. 14, 2003--Drilling for gas will soon be conducted at previously unheard-of depths in the Gulf of Mexico's continental shelf.New wells no longer yield the same amount of gas in the Gulf as they once did. Therefore, the Wall Street Journal has reported, firms such as El Paso Corp. and Shell, under the Royal Dutch/Shell Group, are prepared to drill wells as deep as five miles. The willingness to undertake such projects has increased with rising, more volatile natural gas prices, and with forgiveness by the government of royalty payments for some wells at greater depths.One well now being drilled is called "Shark", which Shell Exploration & Production Co. plans to drill to 26,000 feet, about five miles. No deeper well now exists on the continental shelf. A well at a depth of 30,000 is planned by BP PLC, which has stated that it believes most gas to be drilled is deeper than 20,000 feet, more than three miles.
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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