While significantly below year-ago levels, U.S. drilling activity rebounded somewhat in the third quarter, with total well completions up 10.2% from the second quarter, the American Petroleum Institute (API) reported last week. Natural gas activity saw the steepest quarterly decline in 10 years during the third quarter.
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API Reports Some Pickup in Q3 Drilling from Q2
While significantly below year-ago levels, U.S. drilling activity rebounded somewhat in the third quarter, with total well completions up 10.2% from the second quarter, the American Petroleum Institute (API) reported.
U.S. Carbon Emissions Forecast to Drop Almost 6% from 2008
U.S. carbon dioxide (CO2) emissions from fossil fuels are expected to drop almost 6% below 2008 levels, partly because of the economic recession, the Energy Information Administration (EIA) said Tuesday.
CBO: Climate Bill to Take Toll on GDP, Producers and Industrials
The House climate change bill (HR 2454) would reduce gross domestic product (GDP) below what it would otherwise have been by as much as 0.75% in 2020 and by as much as 3.5% in 2050, according to a new Congressional Budget Office (CBO) study.
CBO: Climate Bill to Take Toll on GDP, Producers and Industrials
The House climate change bill (HR 2454) would reduce gross domestic product (GDP) below what it would otherwise have been by as much as 0.75% in 2020 and by as much as 3.5% in 2050, according to a new Congressional Budget Office (CBO) study.
Seven Year Lows Not Low Enough, Market Watchers Say
Not content with the prior session’s punch below the psychological $3 price level to a seven-year low, the bearish natural gas futures movement found follow-through on Friday to notch a new low for the move at $2.776 before closing out the day at $2.804, down 14.1 cents from Thursday and 43.4 cents lower than the previous week’s finish.
Canadian Producers Brace For ‘Grim’ Summer Prices
Canadian producers are braced for severe summer price lows — possibly below C$2.00/MMBtu (US$1.80) — as international traffic in natural gas continues to slow down on oversupplied markets.
Canadian Producers Brace For ‘Grim’ Summer Prices
Canadian producers are braced for severe summer price lows — possibly below C$2.00/MMBtu (US$1.80) — as international traffic in natural gas continues to slow down on oversupplied markets.
Transportation Notes
Projecting that linepack on its California Gas Transmission system would fall below minimum target levels Wednesday and Thursday, Pacific Gas & Electric issued a customer-specific low-inventory OFO for Wednesday.
NSTAR Proposes 70% Cut in Gas Prices
As natural gas values continue to hover below six-year lows, Massachusetts-based investor-owned electric and gas utility NSTAR informed its natural gas customers this week that they likely will be seeing a 70% decrease in prices starting in May.