Bevy

Operators of horizontal oil and natural gas wells in Ohio face a bevy of regulatory changes — including quarterly production reports, a $25,000 per well impact fee, and new testing and disposal requirements for drilling waste — under Gov. John Kasich’s biennial budget proposal.

Williams, which controls a bevy of natural gas pipeline and midstream assets from the deepwater Gulf of Mexico (GOM) into Canada, saw its profits upended last year in part because of the big decline in liquids prices, especially for ethane and propane. However, CEO Alan Armstrong is looking toward the future based on “continued high demand for energy infrastructure” in North America, “from power generation to petrochemical manufacturing.”

Williams is seeing “a lot of demand for increased growth” in the Northeast and is ready “to take advantage” with a bevy of major infrastructure expansion projects, CEO Alan Armstrong told investors on Thursday.

June natural gas futures retreated in active trading Tuesday, as traders noted a lessening of risk from Mississippi River flooding, but a bevy of weak economic reports proved difficult to ignore. At the close June had fallen 13.6 cents to $4.182 and July was down 13.3 cents to $4.246. June crude oil shed 46 cents to $96.91/bbl.

By the end of the year Devon Energy Corp. should have a joint venture (JV) partner on board to help develop a bevy of prospects in the deepwater Gulf of Mexico (GOM), CEO J. Larry Nichols said Wednesday.

Within the next three months Devon Energy Corp. should have a joint venture (JV) partner on board to help develop a bevy of prospects in the deepwater Gulf of Mexico (GOM), CEO J. Larry Nichols said Wednesday.

August natural gas futures retreated Monday as traders cited a bevy of sell offers above the market and an underlying sentiment that near-term trading opportunities lay on the short side of the market. The August contract fell 9.1 cents to $3.604 and September dropped 9.3 cents to $3.768. September crude oil rose 33 cents to $68.38/bbl.

With management trained on a bevy of exploration opportunities in the deepwater Gulf of Mexico (GOM) and its mounting success onshore in the Barnett Shale and Midcontinent, Devon Energy Corp.’s announcement last week to put its West African oil and gas assets on the market appeared to clarify the independent’s optimism about North American prospects.

A bevy of producers reported second-quarter earnings last week, and it’s clear from the numbers that the energy patch boom times are still very much with us. Majors reporting were Exxon Mobil, BP, Royal Dutch Shell, Chevron and ConocoPhillips. Independents Apache, XTO Energy, EnCana and Anadarko Petroleum also shared their numbers.