Oil-weighted exploration and production (E&P) companies operating in the prolific Permian Basin have 65% of their output hedged at an average strike price of $50/bbl, which supports aggressive drilling targets this year, according to IHS Markit.
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Report Says CHP Scenario Could Boost U.S. NatGas Demand by 4.42 Tcf/Year
Expanded use of combined heat and power (CHP) for making electricity could, under one scenario, boost natural gas demand in the United States by as much as 4.42 Tcf/year, according to a report commissioned by the American Gas Association (AGA).
Marcellus Changing Game For Some Producers; Some Still Lag
The Marcellus Shale today is the largest U.S. natural gas production region, with output of more than 7 Bcf/d, which has led to a “significant, positive” impact on early movers, but some operators continue to underperform share-wise in the play, according to IHS Inc.
Shell Preps Alaska Prospects in Chukchi, Beaufort Seas
An exploratory well drilled in Alaska’s Beaufort Sea bodes well for more aggressive exploration in the Arctic waters in 2013, according to a Royal Dutch Shell plc executive.
Shell Preps Alaska Prospects in Chukchi, Beaufort Seas
An exploratory well drilled in Alaska’s Beaufort Sea bodes well for more aggressive exploration in the Arctic waters in 2013, according to a Royal Dutch Shell plc executive.
DCP Midstream Doubling Up for DJ Basin Production
DCP Midstream LLC is in the process of doubling its natural gas processing capacity in the Denver-Julesburg (DJ) Basin by the end of 2014 as drilling and completion technologies unlock more gas, the company said.
Gas Wells Stay Shut in the Midst of Colorado Fire
Even though the Pine Ridge fire in western Colorado near the Piceance Basin was deemed less aggressive and more than 25% contained over the weekend, natural gas operators indicated that they will keep their well operations shut for the foreseeable future and are working closely with local authorities and the federal Bureau of Land Management (BLM), which are overseeing the fire-fighting efforts.
Pine Ridge Colorado Fire Keeps Gas Wells Shut In
Even though the Pine Ridge fire in western Colorado near the Piceance Basin was deemed less aggressive and more than 25% contained over the weekend, natural gas operators indicated that they will keep their well operations shut for the foreseeable future and are working closely with local authorities and the federal Bureau of Land Management (BLM), which are overseeing the fire-fighting efforts.
Bullishness Continues for Natural Gas Transportation
Augmented by more aggressive marketing from oil/gas producers, automakers, retailers and states, natural gas for transportation is beginning to get some real traction despite a defeat last week in the U.S. Senate of a national stimulus package for natural gas vehicles (NGV).
Bullishness Continues for Natural Gas Transportation
Augmented by more aggressive marketing from oil/gas producers, automakers, retailers and states, natural gas for transportation is beginning to get some real traction even as Congress came up short last Tuesday in attempts to add a national stimulus package to the specialized vehicular fuel aimed mostly at fleet operators.