The Alberta government on Thursday unveiled incentives to support technologies that would accelerate development of the province’s vast unconventional and deep resource pools. During the review the government also finalized royalty curves for conventional oil and gas.
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Alberta’s Royalty Cuts Favor Unconventional Gas
The Alberta government last Thursday unveiled incentives to support technologies that would accelerate development of the province’s vast unconventional and deep resource pools. During the review the government also finalized royalty curves for conventional oil and gas.
Devon Slows Onshore Gas Production
Devon Energy Corp. has decided to not accelerate its North American dry gas production other than to secure acreage positions or to test “a few new concepts,” CEO J. Larry Nichols said last week.
Devon Slows Dry Gas Production
Given current natural gas prices, Devon Energy Corp. has made a decision to not accelerate its North American dry gas production growth other than to secure an acreage position or to test “a few new concepts,” CEO J. Larry Nichols said Wednesday.
Talisman Boosts Spending to Accelerate Shale Development
Calgary’s Talisman Energy Inc. last week boosted its 2010 capital spending by 10% over 2009 levels to accelerate development in North American natural gas plays, including the Marcellus and Montney shales.
Talisman Boosts Spending to Accelerate Shale Development
Calgary’s Talisman Energy Inc. on Monday boosted its 2010 capital spending by 10% over 2009 levels to accelerate development in North American natural gas plays, including the Marcellus and Montney shales.
Canadian Alliance Pushes for Natural Gas Super Highway
About C$1 billion spent over seven years in the form of tax incentives and rebates could accelerate the shift to using natural gas in Canada’s vehicles, industry and advocacy groups, including EnCana Corp., said this week.
Talisman’s Unconventional Gas Spending Higher
Calgary-based Talisman Energy Inc. will add up to C$500 million more to its C$2 billion North American capital spending budget this year to accelerate exploration and development activities in unconventional natural gas plays, CEO John Manzoni said last week.
Talisman Increases Unconventional Gas Spending
Calgary-based Talisman Energy Inc. will add up to C$500 million more to its C$2 billion North American capital spending budget this year to accelerate exploration and development activities in unconventional natural gas plays, the CEO said Tuesday.
E&P Spending Jumps on Higher Commodity Prices
Exploration and production (E&P) spending worldwide now is on pace to accelerate 20% this year because of higher oil and natural gas prices, according to a survey of producers by Lehman Brothers. Lehman’s survey in December had forecast worldwide E&P spending in 2008 would rise only 11% (see NGI, Jan. 7).