Anticipate

Ohio Regulators Fine-Tune Unitization Process

In an attempt to make the process smoother for oil and gas companies applying for unitization in the emerging Utica Shale, the Ohio Department of Natural Resources (ODNR) has unveiled a series of new application requirements.

July 18, 2013

GreenHunter Grows South Texas Water Services Business

GreenHunter Water LLC has acquired two oilfield water service and construction companies operating in the Eagle Ford Shale of South Texas. White Top Oilfield Construction LLC and Black Water Services LLC have common management and have been serving Eagle Ford operators since 2008.

January 7, 2013

CSU Nudges Atlantic Hurricane Forecast Higher

While they still anticipate slightly below-average activity for the 2012 Atlantic hurricane season, forecasters at Colorado State University (CSU) now expect more named storms and hurricanes than they did in April due to “large amounts of uncertainty in both the phase of ENSO [the El Nino-Southern Oscillation] as well as in Atlantic Basin conditions.”

June 4, 2012

CSU Nudges Atlantic Hurricane Forecast Higher

While they still anticipate slightly below-average activity for the 2012 Atlantic hurricane season, forecasters at Colorado State University (CSU) now expect more named storms and hurricanes than they did in April due to “large amounts of uncertainty in both the phase of ENSO [the El Nino-Southern Oscillation] as well as in Atlantic Basin conditions.”

June 4, 2012

ConocoPhillips, Oxy to Defer Gas Drilling

ConocoPhillips last week said it would shut in about 100 MMcf/d in North America and doesn’t anticipate spending heavily on new natural gas drilling this year. Occidental Petroleum Corp. (Oxy) also intends to cut its gas output and defer onshore drilling because prices continue to be “horrible,” CEO Stephen Chazen said.

January 30, 2012

Wells Fargo Tweaks Ethane Outlook

Wells Fargo analysts trimmed their peak ethane oversupply estimates by nearly 100,000 b/d based on a couple of factors, but they “continue to anticipate a period of ethane pricing weakness beginning in 2013 and persisting for several years until new world-scale ethylene crackers are placed into service,” they said in a note Monday.

December 30, 2011

Hefty EIA Storage Builds Expected; November Drops

November futures plunged Wednesday as traders anticipate an inventory report to not only show additions to storage well above historical averages, but also surpass the record for October. At the close November had dropped 12.7 cents to $3.489 and December had shed 6.8 cents to $3.791. November crude oil fell 24 cents to $85.57/bbl.

October 13, 2011

Transportation Notes

Gulf South Pipeline will be performing compressor maintenance on the Destin compressor station unit beginning at 8:00 a.m. on May 25 and continuing for approximately 60 hours, but the pipeline does not anticipate any impact to shippers.

May 20, 2010

EIA Cuts 2010 Henry Hub Spot Price Forecast

Henry Hub natural gas spot prices are expected to average $4.44/MMBtu in 2010, up 49 cents from 2009’s average price, but well below the $5.17 average gas price projected in March, the Energy Information Administration (EIA) said Tuesday in its April Short-Term Energy and Summer Fuels Outlook.

April 7, 2010

EIA Cuts 2010 Henry Hub Spot Price Forecast

Henry Hub natural gas spot prices are expected to average $4.44/MMBtu in 2010, up 49 cents from 2009’s average price, but well below the $5.17 average gas price projected in March, the Energy Information Administration (EIA) said Tuesday in its April Short-Term Energy and Summer Fuels Outlook.

April 7, 2010
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