Exploration in North America’s onshore remains in its earliest stages because producers are eyeing “tens of thousands” of locations for future drilling, Baker Hughes Inc. CEO Martin Craighead said Tuesday.
4Q2010
Articles from 4Q2010
Top North American Gas Marketers (Bcf/d)
Marketers that reported in both 4Q2009 and 4Q2010 posted an 8% increase in volumes from a year ago.
El Paso Putting Oil Ahead of Gas — in Eagle Ford Shale
Enthusiasm for uncovering oil deposits in the Eagle Ford Shale of South Texas hasn’t waned at El Paso Corp. In fact, the company likely will move more rigs into its leasehold as the year progresses, CEO Doug Foshee said Thursday.
Study: Eagle Ford Producing Oil, Gas, Liquids — And Dollars
The Eagle Ford Shale, where oil and natural gas development began in earnest less than three years ago, is making a big economic footprint in the 24-county South Texas area where it lies, according to researchers at the University of Texas at San Antonio (UTSA).
Petrohawk Squeezed More Out of Shales Last Year
Petrohawk Energy Corp. charted 50% pro forma year-over-year reserves growth last year, ending 2010 with 3.4 Tcfe of estimated proved reserves, the company said. Shale plays led the charge, particularly with a 100% increase in production from the Haynesville and Bossier shales and a whopping 235% increase in the Eagle Ford in South Texas.
Haynesville Shale Led EXCO 4Q Production
EXCO Resources Inc. grew oil and natural gas production by 70% in the fourth quarter compared to the year-ago period, the company said. In 4Q2010 EXCO produced 32.2 Bcfe, or 350 MMcfe/d. Expectations are that 2011 production will average 520-580 MMcfe/d.
EXCO Credits Haynesville for Production Gains
EXCO Resources Inc. grew oil and natural gas production by 70% in the fourth quarter compared to the year-ago period, the company said. In 4Q2010 EXCO produced 32.2 Bcfe, or 350 MMcfe/d. Expectations are that 2011 production will average 520-580 MMcfe/d.
After Strong 4Q, KMP Eyes Shale Buildout
Thanks to strong growth in all five of its business segments, Kinder Morgan Energy Partners (KMP) reported 4Q2010 net income of $413 million, a 29% jump over the $320 million recorded for 4Q2009.
Kinder Morgan Partnership Posts Strong 4Q Earnings
Thanks to strong growth in all five of its business segments, Kinder Morgan Energy Partners (KMP) reported 4Q2010 net income of $413 million, a 29% jump over the $320 million recorded for 4Q2009.
Consol Energy Continues to Analyze Acquired Shale Acreage
Thanks to its acquisition of Dominion’s natural gas exploration and production business, longtime coal giant Consol Energy is making its name in the natural gas sector as the Canonsburg, PA-based diversified energy producer continues to analyze its position in the Marcellus and Utica shales.