Chesapeake Energy Corp. is planning to operate 17 drilling rigs across the U.S. onshore this year, up seven from 2016, as it mounts a return to the Powder River Basin (PRB) and boosts activity in the Midcontinent and Eagle Ford Shale, the Oklahoma City-based independent said Tuesday.
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Prices Seen Intact, But July Called A Penny Lower
July natural gas is expected to open a penny lower Wednesday morning at $2.76 as traders balance current prices with no change in overnight weather data. Petroleum markets rose.
June 22, 2016
Athabasca, Murphy Form JV to Develop Light Oil in Duvernay, Montney Shales
Athabasca Oil Corp. said it has formed a joint venture (JV) valued at C$475 million (US$338 million) with a subsidiary of Murphy Oil Corp. to develop light oil targets in the Duvernay and Montney shales, in the Kaybob and Placid areas of Alberta.
January 29, 2016
National Grid Seeks Rate Hikes to Pay for Winter Gas
National Grid has asked state regulators in Massachusetts and Rhode Island for permission to recover some of approximately $67.5 million in under-collected natural gas costs, stating that near-record demand this winter and associated price spikes make rate adjustments necessary.
February 28, 2014
Worldwide Commodity Implosion Sends Cash, Futures Lower
Physical natural gas prices fell nationally on average by approximately 6 cents in Thursday’s trading for Friday delivery, and although futures traders usually get their deals done prior to the release of storage data, the July contract was already down 6 cents prior to the release of the government inventory data.
June 21, 2013
Cash Slips On Mild Weather, But Futures Swoon On Storage Stats
Physical natural gas values fell an average of approximately 8 cents Thursday for Friday delivery as the retreat was in full swing prior to the release of Energy Information Administration (EIA) storage data.
June 7, 2013
Natural Gas Prices Drop on Mild Weather Forecast; Futures Slide Below $4
Natural gas cash prices overall for weekend and Monday delivery played catch-up with Thursday’s screen decline and dropped on average approximately 16 cents nationally. Volatile Northeast and eastern locations led the slide and double-digit declines were common.
June 3, 2013
Quicksilver Cutting Costs, Still Seeking Horn River JV
During the first quarter, Quicksilver Resources Inc. lost more money than Wall Street was expecting as the company continued to “hammer on the cost side” of its business, deferring elective spending in the energy patch and cutting back on staff.
May 8, 2013
Crestwood-Inergy Combo to Be Major Shale Patch Midstreamer
The Crestwood and Inergy companies are merging to create a $7 billion midstream business that will serve numerous big-name North American unconventional plays with existing assets and additional infrastructure to be developed or acquired, they said Monday.
May 7, 2013
Southwestern Production Climbs, Especially in the Marcellus
Dry gas player Southwestern Energy Co. is having “success in a low gas-price environment,” not just surviving, said CEO Steve Mueller.
February 25, 2013
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