Consumption of natural gas in both the United States and Mexico is on the rise, according to the U.S. Energy Information Administration (EIA), which once again revised its natural gas price forecasts upward for the rest of 2013 and 2014.
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Wyoming Landowner Group Seeks E&P Rule Revisions
A landowner coalition, the Powder River Basin Resource Council, has petitioned Wyoming energy officials to revise rules pertaining to oil and natural gas development.
May 24, 2013
West Virginia Enviro Groups Ask USDA to Require Tracers
A coalition of nine environmental groups in West Virginia have asked the U.S. Department of Agriculture (USDA) to require that operators add tracers to fluids used in hydraulic fracturing (fracking) at Marcellus Shale oil and gas wells drilled near the Monongahela National Forest.
May 21, 2013
Equity Returns Reverse in 2012 for NatGas-Weighted Operators
The return on equity (ROE) for North American natural gas-weighted producers declined year/year in 2012, according to an analysis by the Energy Information Administration (EIA), news that’s been borne out in exploration and production (E&P) earnings results.
May 13, 2013
Equity Returns Reverse for NatGas Operators
The return on equity (ROE) for North American natural gas-weighted producers declined year/year in 2012, according to an analysis by the Energy Information Administration (EIA), news that’s been borne out in exploration and production (E&P) earnings results.
May 13, 2013
EIA Sees Gas Production Growth, Price Increases Through 2014
A cold beginning to spring that resulted in a tepid start to the natural gas storage refill season has analysts at the Energy Information Administration (EIA) once again revising their natural gas price forecasts upward for the rest of 2013 and 2014. The government agency added that strong onshore production growth will offset Gulf of Mexico declines in both years.
May 9, 2013
Devon’s Permian Success Lifts U.S. Oil Output 23%
A standout performance in the Permian Basin increased oil production 23% year/year in the first three months of this year, but it’s not the only racehorse in the stable, Devon Energy Corp.’s top executive said Wednesday. Encouraging results from the emerging Mississippian Lime, for example, may provide the “next leg of growth.”
May 3, 2013
NatGas Prices to Increase Slowly Through 2014, EIA Says
Natural gas spot prices, which averaged $2.75/MMBtu at the Henry Hub last year and $3.33 last month, are expected to climb to an average of $3.41 this year and $3.63 in 2014, according to the Energy Information Administration (EIA).
March 13, 2013
Northeast Losses Obscure Overall Gains; Futures Notch New High
Cash natural gas prices overall declined an average of 2 cents Monday, but if the sharp declines posted at a handful of Northeast points are excluded, the overall market would have shown an average rise of 6 cents.
March 12, 2013
Marcellus Shale Drilling Decelerating
The pace of drilling in Pennsylvania has declined by 35% in the first month and a half of 2013 compared to the same period in 2012, but counties rich in liquids and oil are faring better.
February 25, 2013
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