Decline

A Quinnipiac University poll released Tuesday showed that for the first time, Republican voters in New York State have an unfavorable opinion of Gov. Andrew Cuomo, a Democrat who took office two years ago and who is at the forefront of the debate over hydraulic fracturing (fracking).

Cash market trading yielded a decline of 2 cents overall Friday, but if the sizable losses on Tennessee and Algonquin are factored out, the physical market scored a 2-cent advance.

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.

Howard Midstream Energy Partners LLC (HEP) will construct a cryogenic natural gas plant capable of processing 200 MMcf/d in the heart of the Eagle Ford Shale in Webb County, TX, the San Antonio, TX-based company said Wednesday.

Natural gas drilling continued to decline in 4Q2012, despite an uptick in exploratory gas drilling for the period, the American Petroleum Institute (API) said. “In the year-to-date comparison, gas well completions have decreased 26%” to 9,752 wells in 2012 from 13,128 wells in 2011, said API, which represents major oil and gas producers. At the same time, oil drilling rose in the period, with exploratory and development wells up 15% and 16% respectively from year-ago figures. “The oil and natural gas industry expanded oil drilling in 2012, thanks in large part to access on private and state lands,” said API statistics director Hazem Arafa. A year-to-date comparison of oil wells drilled yields a 25% increase in total well completions between 2011 and 2012 (26,213 to 32,652).

Natural gas drilling continued to decline in the fourth quarter, despite an uptick in exploratory gas drilling for the period, the American Petroleum Institute (API) said in a report on well completions for the quarter.

Natural gas drilling continued to decline in the fourth quarter, despite an uptick in exploratory drilling, the American Petroleum Institute (API) said in a report on well completions. “In the year-to-date comparison, gas well completions have decreased 26%” to 9,752 wells in 2012 from 13,128 wells in 2011. At the same time, oil well drilling rose, with exploratory and development wells showing a 15% and 16% increase respectively from 4Q2011 numbers. “The oil and natural gas industry expanded oil drilling in 2012, thanks in large part to access on private and state lands,” said API Statistics Director Hazem Arafa. A year-to-date comparison of oil wells drilled yields a 25% increase in total well completions between 2011 and 2012 (26,213 to 32,652).

PetroQuest Energy Inc. said Monday it has closed on the sale of its assets in the Fayetteville Shale for about $9.2 million as it shifts its focus to production of natural gas liquids (NGL) from other plays, including the Woodford Shale and the Mississippian Lime formation.

The number of original drilling permits issued in Texas during November declined from one year ago, as did the amount of natural gas produced from Texas wells during October compared to a year ago, according to Railroad Commission of Texas (RRC) figures.