Crude

For 2011 it will be more of the same where low natural gas prices and the gas-crude oil price relationship are concerned, according to analysts at Fitch Ratings.

For 2011 it will be more of the same where low natural gas prices and the gas-crude oil price relationship are concerned, according to analysts at Fitch Ratings.

Enterprise Products Partners LP has struck 10-year agreements to handle “a substantial portion” of Chesapeake Energy Corp.’s liquids-rich gas production in the Eagle Ford Shale in South Texas.

With dry gas prices continuing to disappoint, the oil and liquids-rich Eagle Ford Shale in South Texas is continuing to draw numerous investors and billions of dollars from near and far, including most recently China’s CNOOC Ltd. (China National Offshore Oil Corp.) in a deal valued at more than $2 billion.

EOG Resources Inc.’s 2Q2010 revenues generated from crude oil, condensate and natural gas liquids (NGL) production exceeded those from natural gas for the first time in the company’s history, CEO Mark Papa said Friday.

EOG Resources Inc.’s 2Q2010 revenues generated from crude oil, condensate and natural gas liquids (NGL) production exceeded those from natural gas for the first time in the company’s history, CEO Mark Papa said Friday.

Relative to crude oil, the long-term outlook for strength in natural gas prices “has some significant headwinds,” according to Tudor, Pickering, Holt & Co. LLC (TPH) Managing Director David Pursell. But while there is plenty to worry about in the gas patch — oversupply, for one — liquefied natural gas (LNG) imports are not among the threats to gas producers, he said.

Relative to crude oil, the long-term outlook for strength in natural gas prices “has some significant headwinds,” according to Tudor, Pickering, Holt & Co. LLC (TPH) Managing Director David Pursell. But while there is plenty to worry about in the gas patch — oversupply, for one — liquefied natural gas (LNG) imports are not among the threats to gas producers, he said.

Hundreds of thousands of gallons of crude oil were befouling the Gulf of Mexico (GOM) last week far faster than 2,000 emergency responders and hundreds of vessels could contain the mess created by the apparent blowout of a deepwater well just 42 miles southeast of Venice, LA.