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U.S. Rig Count in 2013 to Decline 8%, Well Count Down 4%, Says Baker

U.S. Rig Count in 2013 to Decline 8%, Well Count Down 4%, Says Baker

Baker Hughes Inc. executives on Friday said the total U.S. rig count should fall on average by 8% this year from 2012, but with better drilling efficiencies, the onshore well count may only decline by 4% to around 35,000.

July 22, 2013

Train Loaded with Crude Oil Explodes in Quebec

A 73-car train crashed and exploded Saturday in Lac-Megantic, Quebec, igniting its cargo of crude oil — possibly from North Dakota — killing as many as 40 people and forcing the evacuation of nearly 2,000 others.

July 9, 2013

Colorado Governor Says NatGas Key to State’s Energy Strategy

Natural gas is a critical part of Colorado’s “all of the above” energy strategy, and it is encouraging its increased development, including the use of hydraulic fracturing (fracking), in a safe and responsible way that can be managed between government and industry, said Gov. John Hickenlooper as part of a Western Governors’ Association (WGA) three-part energy report.

July 3, 2013

Obama Cracks Down on Coal, Supports NatGas ‘Bridge’

The White House climate action plan, announced in a speech Tuesday, comes down hard on coal-fired power plants, pledges continued support for the development and use of non-polluting renewable energy and promotes “cleaner-burning natural gas” as a bridge to a clean future.

June 26, 2013

Obama Cracks Down on Coal, Encourages Fuel-Switching to NatGas

The White House climate action plan, announced in a speech Tuesday, comes down hard on coal-fired power plants, pledges continued support for the development and use of non-polluting renewable energy and promotes “cleaner-burning natural gas” as a bridge to a clean future.

June 26, 2013

Firm Rockies Outpace Eastern Points; Futures Still Under $4

Cash gas prices overall for weekend and Monday delivery dropped an average of 6 cents, but if the distorting effects of Northeast pipelines are factored out, the national average comes in nearly unchanged. Eastern points followed soft power prices, but Rockies prices added about a nickel. The April contract shed 0.8 cent to $3.927 and May eased 0.9 cent to $3.952. May crude oil rose $1.26 to $93.71/bbl.

March 25, 2013

Another Colorado City Nears Drilling, Fracking Ban

Elected officials in Ft. Collins, CO, the university town about 57 miles north of Denver, have passed a ban on oil and natural gas drilling and hydraulic fracturing (fracking) within the city limits. The measure still must pass on a second reading in early March.

February 25, 2013

Analyst: North America to Be Important LNG Supplier

The global liquefied natural gas (LNG) market is supply constrained, but that will change in the coming years as new liquefaction capacity comes online, including in North America, allowing LNG consumption growth to resume, Poten & Partners Inc.’s Darryl Houghton told a Houston audience recently.

February 25, 2013

Analyst: North America to Be Important LNG Supplier

The global liquefied natural gas (LNG) market is supply constrained, but that will change in the coming years as new liquefaction capacity comes online, including in North America, allowing LNG consumption growth to resume, Poten & Partners Inc.’s Darryl Houghton told a Houston audience last week.

February 20, 2013
Comstock Feels Transition Pains on Way to Oil

Comstock Feels Transition Pains on Way to Oil

By building positions in the Eagle Ford Shale and the Permian Basin, Comstock Resources Inc. has been Texas two-stepping away from nearly all dry gas production to oil, but the dance hasn’t always been graceful, as fourth quarter results show.

February 14, 2013
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