As another indicator of what sub-$3 natural gas prices can produce, MDU Resources Group Inc. will be selling some of its gas assets this year — albeit small ones — and raising its proportional amount of oil production from its exploration and production (E&P) mix in the Bakken, Niobrara, Heath, Big Horn Basin and other shale plays, senior executives told analysts during the company’s 4Q2011 earnings conference call.
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Articles from Advantage
MDU Ties Growth to Bakken ‘Home Field’ Advantage
Bismarck, ND-based MDU Resources Group Inc. senior executives on Thursday reiterated that they intend to exploit their home field advantage in all lines of their business by digging deeply into the Bakken Shale play’s continuing robust growth. And they talked bullishly about prospects this year despite reporting earnings that were down slightly quarter over quarter and year over year in 2011.
February 6, 2012
Sunoco Interested in Appalachian Propane, Butane
With stranded ethane in the Appalachian Basin starting to find markets, Sunoco Logistics Partners LP is looking at ways to move other natural gas liquids (NGL) from the region.
February 1, 2012
‘Natural Gas Highway’ Beckons Fleets, Global Investors
Natural gas as a transportation fuel has zoomed around the map of North America in August, capitalizing on a continuing price advantage at the pump even with recent falling gasoline prices. Separately, last Thursday, a major U.S. provider of gas transportation fuel and fueling infrastructure received a $150 million investment from three global private investment firms.
August 29, 2011
‘America’s Natural Gas Highway’ Touted
Natural gas as a transportation fuel has zoomed around the map of North America in August, capitalizing on a continuing price advantage at the pump even with recent falling gasoline prices.
August 25, 2011
GE Introduces Smaller, Flexible Biogas Engine
General Electric on Tuesday introduced a new tool to grow the biogas-fueled on-site generation market that takes advantage of fuels from landfills, wastewater treatment plants and agricultural waste.
August 24, 2011
Shell Canada Hunts for Partner to Develop Canada’s Deep Basin
Shell Canada Ltd. is looking for a partner to help develop its gassy Chinook leasehold, 102,000 acres in the Nikanassin Formation, a shale play in the Deep Basin of Western Canada.
July 18, 2011
El Paso ‘Encouraged’ by Ethane Expansions on Gulf Coast
Recent announcements by Dow Chemical Co. and others to expand chemical facilities to take advantage of shale gas supplies gives new impetus to El Paso Corp.’s proposed pipeline from the Marcellus Shale to the Gulf Coast, CEO Doug Foshee said Thursday.
May 6, 2011
Low Prices Just Too Tempting; April Scores Double-Digit Gain
April natural gas futures rose Monday as end-users took advantage of sub-$4 pricing and discounted forecasts calling for milder if not unseasonably warm temperatures. At the close April had gained 11.8 cents to $3.927 and May rose 9.7 cents to $3.984. April crude oil added $1.02 to $105.44/bbl.
March 8, 2011
Pennsylvania Groups Ask Corbett to Maintain Forest Drilling Moratorium
Citizens for Pennsylvania’s Future (PennFuture) and 40 other state organizations have sent a letter to Gov.-elect Tom Corbett asking him to maintain the moratorium signed last year by Gov. Ed Rendell that prevents new leases for deep natural gas drilling in the state’s forests.
January 13, 2011
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