The chairman of the Commodity Futures Trading Commission, several FERC commissioners and numerous state public utility commissioners, along with electric power and natural gas company representatives will be offering their views on “Redesigning Wholesale and Retail Energy Markets” at a two-day conference April 29-May 1 in Washington, DC.
Articles from Conference
The Marcellus Shale Coalition’s (MSC) annual conference in Pittsburgh was underscored with warnings and apprehension about a battle for public opinion between the oil and natural gas industry and those opposed to it.
Shares of Kinder Morgan Inc. (KMI) closed up more than 4% Wednesday following a pre-market conference call during which CEO Rich Kinder went through a point-by-point explanation of how the company and its Kinder Morgan Energy Partners (KMP) account for spending to maintain pipelines and other assets.
Rex Energy Corp. said it has seen “impressive” results so far from its first three wells in the Warrior South prospect, an area in Ohio’s portion of the Utica Shale.
“We have thousands and thousands of well locations,” he said at the UBS Global Oil and Gas Conference. “We’ll be drilling at this pace for many years to come, assuming the [Nymex] strip pricing that we have today. We do plan to drill close to 400 wells this year and that certainly, of all of our operations, can flex more than any others as we need to respond to gas prices, one way or the other [see Shale Daily, May 24].”
Los Angeles-based Occidental Petroleum Corp. (Oxy) set a record U.S. production at 478,000 boe/d in 1Q2013, its 10th consecutive record quarter, Oxy officials reported Thursday during a conference call with analysts. Income from continuing operations during the quarter was down slightly from the same period last year ($1.4 billion, or $1.69/diluted share, vs. $1.6 billion, or $1.92/diluted share, in 1Q2012), they said.
Newfield Exploration Co. is “right where we want to be toward execution of our 2013-2015 plan,” CEO Lee Boothby said Wednesday during an earnings conference call in which management talked of a “surge” in Eagle Ford Shale production and the rising prominence of the Cana-Woodford Shale in the company’s liquids-focused portfolio.
While both oil and gas production rates in the Bakken Shale set records in February, there’s much more to come. With a large increase in multi-well pad operations, North Dakota’s chief oil and natural gas regulator expects to see “a big surge in production” in the Bakken Shale starting in June.
Natural gas, driven by a 100-year supply, will be the dominant fuel in the next 20 years, Calpine Corp. CEO Jack Fusco told an investor conference Wednesday in Houston.