Continued

U.S. exports to Canada set their sixth record high in as many years, increasing by 3.6% at the same time Canadian exports to the United States continued on a downward trajectory, dropping by 4.7%.

Natural gas cash prices overall averaged about a 6-cent gain on Wednesday for Thursday delivery as forecasts called for continued below normal temperatures throughout the Midwest and Great Lakes regions.

In some cases operators just aren’t drilling and in others they are leaving the state for greener pastures as 2012 continued to be another year for declining natural gas production in Northwest New Mexico’s San Juan Basin, according to the latest state statistics that showed the region produced 780 Bcf last year.

In some cases operators just aren’t drilling and in others they are leaving the state for greener pastures as 2012 continued to be another year for declining natural gas production in Northwest New Mexico’s San Juan Basin, according to the latest state statistics that showed the region produced 780 Bcf last year.

During its second fiscal quarter, which ended Feb. 28, Platteville, CO-based independent Synergy Resources Corp. continued its 100% success rate in the Wattenberg Field in the Denver-Julesberg (DJ) Basin. Synergy recently struck a joint venture (JV) agreement in the DJ Basin as well.

Cash prices continued to romp higher by another 15 cents Tuesday, led by weather-driven strength along the Eastern Seaboard. Large price gains typically seen on constrained New England pipelines such as Algonquin and Iroquois were also seen throughout the Northeast on Transco, Texas Eastern and Tennessee.

The Eagle Ford Shale continued to drive results for Houston-based Rosetta Resources Inc. last year, leading the company to record production, reserves and cash flow. The South Texas play also lifted Carrizo Oil & Gas Inc.

The Eagle Ford Shale continued to drive results for Houston-based Rosetta Resources Inc. last year, leading the company to record production, reserves and cash flow.

U.S. natural gas production continued its steady decline through November, totaling 27.22 Tcf for the first 11 months of 2012, compared with 25.94 Tcf during the same period in 2011 and 24.42 Tcf in 2010, according to the U.S. Energy Information Administration’s (EIA) Monthly Energy Review for February. Marketed production (23.17 Tcf, compared with 21.90 Tcf in 2011) and dry gas production (21.98 Tcf, compared with 20.87 Tcf) were also up during the 11-month period, EIA said.