The amount of Gulf of Mexico gas production shut in due to damage from Hurricane Ivan dropped sharply this week to about 743 MMcf/d on Thursday from 1.2 Bcf/d last Friday. However, Southern Natural Gas has reported that pipeline replacement work at Main Pass 298 will leave about 240 MMcf/d shut in for six to 12 months.
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North American Gas Still Key to Burlington’s Future Success
Burlington Resources Inc., which will continue to focus its sights on North American natural gas, on Wednesday raised its cumulative production growth target to 20% through 2006. With $4/MMBtu natural gas prices, it also expects to see per-share growth of 10%.
March 8, 2004
North American Gas Still Key to Burlington’s Future Success
Burlington Resources Inc., which will continue to focus its sights on North American natural gas, on Wednesday raised its cumulative production growth target to 20% through 2006. With $4/MMBtu natural gas prices, it also expects to see per-share growth of 10%.
March 4, 2004