Sanchez Energy Corp., which targets the liquids-rich Eagle Ford Shale, charted first quarter production of 355,000 boe, an increase of 106% from the fourth quarter and 320% from the year-ago period, the company said.
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Timing of 30 Tcf Market Unclear
After all of the ups and downs in the U.S.’s natural gas markets over the past year, industry experts at the 13th Annual LDC Forum in Chicago last week said they still foresee a 30 Tcf market in the future, but they differ on the expected timeframe. The speakers agreed that the nation’s current infrastructure would need to be beefed up to shoulder the load.
Timing of 30 Tcf Market Unclear
After all of the ups and downs in the U.S.’s natural gas markets over the past year, industry experts at the 13th Annual LDC Forum in Chicago Monday said they still foresee a 30 Tcf market in the future, but they differ on the expected timeframe. The speakers agreed that the nation’s current infrastructure would need to be beefed up to shoulder the load.
Judge Rules Against Producers in Royalty Cas
In a “Freddie Krueger-style” wipeout, a federal district courton Friday the 13th dealt a crippling blow to a major producergroup and two producers when it denied their motions dealing withroyalty treatment of take-or-pay settlement payments. U.S. DistrictCourt Judge Royce Lamberth upheld his earlier ruling that theIndependent Petroleum Association of America (IPAA) lackedjurisdiction in a lawsuit challenging the Interior Department’scollection of royalties on lump-sum payments made by producers toget out of their gas contracts with pipelines. The IPAA lawsuit ledto a 1996 ruling by the D.C. Circuit Court of Appeals in favor ofgas producers