Centered

Rockies Producers Wait Out Low Gas Prices

Denver-based Gasco Energy Inc., whose natural gas exploration and production (E&P) is centered in the Uinta Basin of Utah, shut in some of its wells and will not finish some recompletions until Rocky Mountain commodity prices edge higher, CEO Mark Erickson said last week.

July 23, 2007

Rockies Producers Waiting Out Low Gas Prices

Denver-based Gasco Energy Inc., whose natural gas exploration and production (E&P) is centered in the Uinta Basin of Utah, has shut in some of its wells and will not finish some recompletions until Rocky Mountain commodity prices edge higher, CEO Mark Erickson said.

July 19, 2007

Energy Companies Struggling With Lost Employees, Support Services

Since Hurricane Katrina stormed through the Gulf of Mexico, most of the concerns about oil and natural gas production have centered on the damaged offshore production platforms and drilling rigs. But in the short-term, that’s not the most important part. Producers are contending with a lack of communication services, not enough surveillance aircraft, and above all, lost employees, most of whom are focused on their own survival and that of their families and homes in the New Orleans area.

September 2, 2005

Awaiting Further Direction; Futures Continue to Straddle $7

Keeping May natural gas futures firmly centered around the psychological $7 figure, natural gas traders on Tuesday pushed the prompt month higher, only to be repelled by resistance at $7.09 for the second consecutive session.

April 20, 2005

Cimarex Reports 2Q Gas Production Up 34%

Denver-based Cimarex Energy Co., whose exploration efforts are centered in the MidContinent and Gulf Coast regions, reported Wednesday that its second quarter aggregate oil and natural gas output handily beat its production guidance, increasing 28% over a year ago on the strength of significant natural gas production.

July 22, 2004

El Paso Picks Up Reserves, Production with Unocal Purchase

In an indication of how El Paso Corp. intends to turn around its troubled and heretofore U.S.-centered oil and gas production business, subsidiary El Paso Production Co. announced late Monday that it will purchase the rest of a joint oil and natural gas operation that it operates in Brazil with Unocal Corp.

June 29, 2004

ChevronTexaco Asset, Job Cuts Centered on Improving Value of Core Businesses

In a bold move to improve its competitive advantage, ChevronTexaco will sell some of its non-strategic U.S. assets, cut up to 200 U.S. jobs, consolidate several U.S. offices and consider whether to sell some of its producing and midstream assets in western Canada. The program, which only targets North American operations, is expected to be completed in 2004.

December 10, 2003

Edge, Partners to Explore New Mexico’s Permian Basin

Edge Petroleum Corp., whose gas-rich operations up to now have been centered on the onshore Gulf Coast and northern Rocky Mountains, on Tuesday expanded its focus with an agreement to explore an area of southeastern New Mexico’s Permian Basin with partners Pure Energy Group and Chisos Ltd. The area of mutual interest (AMI) agreement covers all of Eddy and Lea counties, as well as a portion of southern Chaves County, where Pure and Chisos own approximately 47,000 gross (27,000 net) acres.

September 3, 2003

Western Power Rep Sees Changes in Trading Patterns & Partners

Incentives and profits for speculative trading are out, and traditional hedging and marketing centered on assets are in, according to the head of theWestern Power Trading Forum.

December 9, 2002

Domestic Producers Boosting CBM Acquisitions In Rockies

Coalbed methane (CBM) production, which up to now has been mostly centered in the Rocky Mountain Basin, appears to be where it’s at for both large and small domestic producers, with several recent announcements to beef up exploration and production in not only the well known basin in Colorado, Utah and Wyoming, but also in smaller plays around the United States.

August 13, 2001