Barclays

Only one U.S. natural gas-directed drilling rig packed it in during the last week, according to the Friday (May 8) Baker Hughes Inc. rig count, while Canada saw the pullback of three gas-directed rigs amid overall all declines that were more modest than those seen in recent weeks.

Only one U.S. natural gas-directed drilling rig packed it in during the last week, according to the Friday (May 8) Baker Hughes Inc. rig count…

Global exploration and production (E&P) spending in 2014 should increase for the fifth year in a row, with the largest gains again in North America (NAM), a Barclays Capital annual survey has determined.

New data from the Pennsylvania Department of Environmental Protection (DEP) show large infrastructure expansions that occurred in the state last year only marginally reduced the backlog of wells there, despite a significant increase in annual production.

Mexico is greatly expanding its natural gas pipeline and gas-fired power infrastructure while in the upstream sector, state-controlled Petroleos Mexicanos (Pemex) focuses on more-lucrative oil and allows non-associated gas production to dwindle. Increasingly, it will be gas from U.S. shales that comes to the country’s rescue.

Barclays Capital’s energy analysts see the potential for natural gas production from the Marcellus and Utica shales to jump by 3.6 Bcf/d year/year (y/y) in 2013 and almost as much again by the end of 2014.

EQT Midstream Partners LP, a unit of Appalachian producer EQT Corp., is preparing to launch a public offering as a master limited partnership (MLP). The initial public offering (IPO) is expected to raise up to $250 million.

If it’s wet, it’s hot; if it’s dry, it’s not; $4/MMBtu is the “new normal,” and bigger is still better when it comes to production. That’s the crux of the industry wisdom collected by Barclays Capital analyst Michael Zenker and his team at the firm’s recent CEO Energy-Power Conference.

If it’s wet, it’s hot; if it’s dry, it’s not; $4/MMBtu is the “new normal” and bigger is still better when it comes to production. That’s the crux of the industry wisdom collected by Barclays Capital analyst Michael Zenker and his team at the firm’s recent CEO Energy-Power Conference.