Chesapeake Energy Corp. has curtailed 7%, or around 240 MMcfe/d, of its gross natural gas and oil production at least through March because of “extraordinarily” low wellhead prices in the Midcontinent region. Another 10% of the producer’s drilling activity through the rest of this year may be slashed “if natural gas and oil prices remain low during the next few months.”
Curtailed
Articles from Curtailed
Gulf Coast Recovery Slow; Most Gas Still Shut In
Hurricanes Gustav and Ike, striking within less than two weeks of each other, as of late Tuesday had curtailed around 130 Bcf of natural gas production from the federal offshore areas alone, and the ongoing shut-ins now surpass the combined impact on a cumulative basis of hurricanes Katrina and Rita in 2005, energy analysts said this week.
September 18, 2008
EOG Bullish on Gas — No Thanks to Rockies
EOG Resources Inc.’s natural gas production inched up slightly in 3Q2007, but no thanks to the Rocky Mountains. In September and October the independent curtailed 50-140 MMcf/d net volumes “on any given day in the Rockies,” and EOG plans to shut in those same amounts through the first half of November, CEO Mark Papa said last week.
November 5, 2007
EOG Bullish on Gas — No Thanks to Rockies
EOG Resources Inc.’s natural gas production was up slightly in 3Q2007, but no thanks to the Rocky Mountains. In September and October the producer curtailed 50-140 MMcf/d net volumes “on any given day in the Rockies,” and EOG plans to shut in those same amounts through the first half of November, CEO Mark Papa said Tuesday.
October 31, 2007
Agrium to Make Final Decision on Switch from Gas to Coal in ’08
With its Alaska business forever tied to the possibility that natural gas supplies could be curtailed, Agrium Inc. plans to switch its Nikiski nitrogen plant in Kenai, AK, from gas to coal. A final decision on coal plant construction is scheduled for 2008, and if it moves forward, the revamped plant would be operational in late 2011, company officials said.
December 1, 2006
High Gas Prices Cited as Cause of Ratings Decrease for Oregon City’s Power Plant
Citing high natural gas prices that have curtailed operations of the city-run 484 MW cogeneration power project, Fitch Ratings announced Thursday it decreased the credit rating of senior secured revenue bonds due in 2025 for the City of Klamath Falls, OR, cogeneration project and related assets. The rating was dropped to “B-” from “BB+,” and the rating watch was removed from “Negative.”
January 17, 2006
El Paso Ends Force Majeure that Curtailed Havasu Crossover Capacity
El Paso Corp.’s El Paso Natural Gas pipeline subsidiary on Friday said it completed repairs on its Wenden GE Unit #1 turbine, putting an end to a month-long “force majeure” curtailment of transportation capacity on its Havasu Crossover.
August 10, 2004
Great Lakes Says Curtailed Service May Last All Month; Seeks Emergency Waiver
The force majeure on the Great Lakes Gas Transmission system, which was declared on Feb. 28, could remain in effect throughout the entire month of March, according an official with the Midwest pipeline.
March 10, 2003
Mirant to Remain Player in Energy Merchant Sector, Focus on U.S.
Assets may be sold, the domestic and global power plant expansions may be curtailed, but one thing is certain: Mirant has no intention of exiting the risk marketing and trading arena.
January 13, 2003
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
