Cautiously

Encana Corp. CEO Randy Eresman, whose company is one of the largest onshore producers in North America, said last week the company remains “cautiously optimistic about our natural gas price recovery this year. We continue to see evidence on both the demand and supply front that supports this assertion.”

Encana Corp. CEO Randy Eresman, whose company is one of the largest onshore producers in North America, said Wednesday the company remains “cautiously optimistic about our natural gas price recovery this year. We continue to see evidence on both the demand and supply front that supports this assertion.”

Universities should be working to answer outstanding questions about shale development, but until they do the practice should proceed cautiously, if it proceeds at all, a Cornell University professor told students in Pittsburgh on March 18.

Universities should be working to answer outstanding questions about shale development, but until they do the practice should proceed cautiously, if it proceeds at all, a Cornell University professor told students in Pittsburgh on Friday.

New York should proceed cautiously as it considers how to regulate hydraulic fracturing (hydrofracking) in shale drilling operations, but the state shouldn’t wait for federal authorities to complete a lengthy review, the incoming Department of Environmental Conservation (DEC) chief said last week.

New York should proceed cautiously as it considers how to regulate hydraulic fracturing (hydrofracking) in shale drilling operations, but the state shouldn’t wait for federal authorities to complete a lengthy review, the incoming Department of Environmental Conservation (DEC) chief said Tuesday.

Citing the need to proceed cautiously on oil and natural gas activity in the federal Outer Continental Shelf (OCS), Interior Secretary Ken Salazar said the department plans to postpone until later this year public scoping meetings for the environmental impact statement (EIS) for the upcoming five-year (2012-2017) leasing plan.

Sen. Lisa Murkowski of Alaska, the ranking Republican on the Senate Energy and Natural Resources Committee, says she is cautiously optimistic that the Environmental Protection Agency’s (EPA) proposed approval of air quality permits will allow Shell to proceed with its planned exploration of the Chukchi Sea.

Anadarko Petroleum Corp. is “cautiously optimistic” about natural gas prices, but drilling activity will be managed by following cash prices and reacting to what’s happening in the “real market” before spending more than cash flow, CEO Jim Hackett said last week.