Basins

U.S. natural gas production results for the first quarter have been mixed so far, with some companies reporting tremendous growth compared to the first quarter of last year while others have shown sharp declines. According to company figures compiled by NGI, the net result of majors and independents reporting results so far is a 1% decrease in domestic natural gas supply for the first quarter compared with last year.

Before the prolific but unexplored deepwater basins offshore Nova Scotia can be tapped, the players will have to ask themselves what comes first: the chicken or the egg? Or, in energy terms, will there be gas wells or pipelines first? To answer that question and overcome the considerable challenges in the region, producers and pipeline operators will need to work together establish a regional infrastructure before production actually can begin, an industry executive said Tuesday in Houston.

The swing market continued to move higher Tuesday in the East and the Southwest basins, but at significantly reduced momentum. Most points ranged from flat to up about a nickel with only scattered points, mostly in the Northeast, realizing gains of more than a nickel.

A basis blowout of immense proportions has occurred between Rocky Mountain region supply basins and the Southern California border this month and it appears to be expanding as we enter August, leading to widespread speculation and controversy in the industry about its causes.

A basis blowout of immense proportions has occurred betweenRocky Mountain region supply basins and the Southern Californiaborder this month and it appears to expanding as we enter August,leading to widespread speculation and controversy in the industryabout its causes.

As the curtain slowly falls on gas supply from the Gulf ofMexico Continental Shelf, the deep-water waits in the wings.Canadian producers are scripting their role on the U.S stage. Andthe Alaskan gas play’s Lower 48 audience can’t buy tickets to theshow for about a decade.

As the curtain slowly falls on gas supply from the Gulf ofMexico Continental Shelf, the deep-water waits in the wings.Canadian producers are scripting their role on the U.S stage. Andthe Alaskan gas play’s Lower 48 audience can’t buy tickets to theshow for about a decade.

Prices for the last day of February were mostly softer Friday,but quotes for the Southwest basins, Rockies and intra-Albertareflected flatness. And Canadian exports into Northwest at Sumas,which had been languishing in the low to mid $1.10s at the start ofthe week, climbed to the $1.30 area. The big exception to Westernfirmness was a fall of about a dime at the Southern Californiaborder in wide-ranging numbers.