The horizontal natural gas drilling boom drove a long production growth period, but that boom topped out in September 2011, and overall monthly production has remained basically flat since then, analysts at Stephen Smith Energy Associates said in their most recent Monthly Energy Outlook. And while the number of horizontal gas rigs has fallen about 70% from its peak, several effects have worked to maintain the 18-month production plateau, they said.
Bull
Articles from Bull
W&T Shares Spike on Strong 4Q
A turn toward oil and natural gas liquids (NGL) last year did a good turn for earnings at Houston-based W&T Offshore Inc. “Solid” oil and liquids production in a bull market for same lifted the company’s operating income to the highest level in its history, CEO Tracy W. Krohn told financial analysts Friday.
February 27, 2012
Share Price Decline Puts Bull’s Eye on E&Ps
A steep decline in share prices, combined with uncertain oil prices, have put a bull’s eye on about two dozen large U.S. producers and close to 100 small exploration and production (E&P) companies, which may be targets for consolidation, according to a report by IHS Inc.
September 5, 2011
Drop in Share Prices Puts Bull’s Eye on Some E&Ps
The drop in share prices, combined with uncertain oil prices, have put a bull’s eye on about two dozen large U.S. producers and close to 100 small exploration and production (E&P) companies, which may be targets for consolidation, according to a new report by IHS Inc.
August 30, 2011
Bearish Signal Proves Correct as Most Points Fall
As indicated in Tuesday’s dwindling gains and increased softness, the cash market’s recent bull run was coming to a close. This was borne out in Wednesday trading; several locations, mostly in the Northeast, were flat or higher again, but a majority of points saw generally minor declines.
May 5, 2011
Weather Bullishness Fades as All Points Drop
As Thursday’s significant slowdown in price growth had indicated, last week’s bull market in cash was on its last legs. That was borne out by declines across the board Friday.
March 28, 2011
Gas Price Forecasts Inch Upward
Raymond James & Associates Inc. last week appeared to take a step on the natural gas bull side as analysts slightly lifted their 2010 forecast for U.S. natural gas prices to $4.50/Mcf from $4.25.
July 19, 2010
Raymond James Tweaks Gas Price Forecast Upward
Raymond James & Associates Inc. on Monday appeared to take a step on the natural gas bull side as analysts slightly lifted their 2010 forecast for U.S. natural gas prices to $4.50/Mcf from $4.25.
July 13, 2010
Futures Reverse Course After Morning Spike to Settle Pennies Lower
The bull move in natural gas futures looked to be alive and well in Friday morning trading before the prompt-month contract came tumbling back to earth in the afternoon. After reaching a high of $8.410 in early activity, the February contract plummeted to a low of $8.095 just after noon EST before closing out the day at $8.210, down 4.9 cents from Thursday but 36.9 cents higher than the previous week’s finish.
January 14, 2008
Canadian Trust Taxation Levels Capital Playing Field
Canadian royalty trusts in the oil and gas sector had a decade-long bull run until the Canadian government mounted a plan to strip them of their favorable tax status for distributions (see NGI, Nov. 6). The plan to tax the trusts could very well spark a movement of investment dollars southward and American exploration and production (E&P) activity northward, said David Marcell, TriStone Capital managing director, acquisitions and divestitures.
November 20, 2006
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