Averaged

The Horn River Basin (HRB) Shale — in the northeastern corner of British Columbia (BC) snug up against the Northwest Territories border and not far west of the Alberta line — is quite a bit more remote than other North American plays. There’s also not a lot of processing facilities in the area, and it’s far from being at a pipeline crossroads.

The Energy Information Administration’s (EIA) projections for wellhead natural gas prices, consumption, production and imports in its annual energy outlook report for 2009 turned out to be pretty much on target, according to an agency review.

The Energy Information Administration’s (EIA) projections for wellhead natural gas prices, consumption, production and imports in its annual energy outlook report for 2009 turned out to be pretty much on target, according to an agency review.

Cabot Oil & Gas Corp., whose year-ago output in the Marcellus Shale averaged 16 MMcf/d, was producing 100 MMcf/d gross there as of Feb. 19, and the natural gas play “will be the driving force for the company for years to come…it’s the real deal,” said CEO Dan Dinges last week.

Cabot Oil & Gas Corp., whose year-ago output in the Marcellus Shale averaged 16 MMcf/d, was producing 100 MMcf/d gross there as of Feb. 19, and the natural gas play “will be the driving force for the company for years to come…it’s the real deal,” said CEO Dan Dinges Monday.

Cabot Oil & Gas Corp., whose year-ago output in the Marcellus Shale averaged 16 MMcf/d, was producing 100 MMcf/d gross there as of Feb. 19, and the natural gas play “will be the driving force for the company for years to come…it’s the real deal,” said CEO Dan Dinges Monday.

Chesapeake Energy Corp.’s production averaged 2.48 Bcfe/d in 3Q2009, up 7% from the 2.32 Bcf/d produced a year earlier, the company said Thursday. Average daily production consisted of 2.286 Bcf of natural gas and 32,902 b/d of oil and natural gas liquids.

Triple-digit losses were common in the Midcontinent and West, while CenterPoint-East traded as low as 20 cents and averaged less than a dollar, as all points took a dive Friday. Prices were dragged lower by moderate mid-fall weather either in place or approaching in many areas, the previous day’s plunge of 34.7 cents by December futures and the drop of industrial load associated with a weekend.

Canada’s natural gas production last year averaged 16.8 Bcf/d — roughly 2% lower than in 2006 — but crude production jumped 7% on record high oil prices, the National Energy Board (NEB) reported last week.