Declining

PA Impact Fees Seen Declining in 2016 and Beyond on Lower Prices, Less Drilling

Unless shale drilling activity increases meaningfully or natural gas prices spike, Pennsylvania’s 2016 impact fee collections from producers could again decline, the state’s Independent Fiscal Office (IFO) said in a report.

July 20, 2016
NatGas Production to Remain Near Current Level This Year, Analyst Says

NatGas Production to Remain Near Current Level This Year, Analyst Says

The horizontal natural gas drilling boom drove a long production growth period, but that boom topped out in September 2011, and overall monthly production has remained basically flat since then, analysts at Stephen Smith Energy Associates said in their most recent Monthly Energy Outlook. And while the number of horizontal gas rigs has fallen about 70% from its peak, several effects have worked to maintain the 18-month production plateau, they said.

June 10, 2013

Pioneer Beat 1Q Production Guidance With Liquids-Rich Trio

Pioneer Natural Resources Co.’s Eagle Ford Shale play is “hitting on all cylinders,” and in the liquids-rich Barnett Shale combo play, well costs are declining, COO Timothy Dove said during an earnings conference call.

May 6, 2013

Pioneer Beat 1Q Production Guidance With Liquids-Rich Trio

Pioneer Natural Resources Co.’s Eagle Ford Shale play is “hitting on all cylinders,” and in the liquids-rich Barnett Shale combo play, well costs are declining, COO Timothy Dove said during an earnings conference call.

May 6, 2013

NatGas Prices Lift Texas Industry Index

Texas oil and gas activity is looking up after months of declining rig counts and stagnant natural gas prices, nudging an industry barometer, the Texas Petro Index (TPI), up in March.

May 6, 2013

Higher NatGas Prices Help Nudge Texas Petro Index Up

Texas oil and gas activity is looking up after months of declining rig counts and stagnant natural gas prices, nudging an industry barometer, the Texas Petro Index (TPI), up in March.

May 3, 2013
Eagle Ford Oil Production Hits New High

Eagle Ford Oil Production Hits New High

Crude oil production from the Eagle Ford Shale of South Texas was up by 74% in February compared with a year ago, reaching an all-time high of 471,258 b/d from the nine fields that comprise the majority of the play, according preliminary data from the Railroad Commission of Texas (RRC).

April 24, 2013

Alaska In-State NatGas Pipe, Oil Tax Bills Pass

During the last days of the legislative session, Alaska lawmakers passed one bill intended to revive the state’s declining oil production by cutting taxes, and another to advance development of an in-state pipeline that would commercialize North Slope natural gas reserves for use by Alaskans.

April 22, 2013

Alaska Lawmakers Pass Bills to Pipe NatGas, Spur Oil Production

During the last days of the legislative session, Alaska lawmakers passed one bill intended to revive the state’s declining oil production by cutting taxes, and another to advance development of an in-state pipeline that would commercialize North Slope natural gas reserves for use by Alaskans.

April 16, 2013

Cash, Futures Dance Lower; May Still Holding $4

The natural gas cash market worked lower by 9 cents on average Tuesday for Wednesday delivery with all market and producing areas declining. Rocky Mountain points were hit hard, but locations in the Midwest were weak as well. Most major trading hubs lost anywhere from a nickel to a dime. At the close of futures trading the May natural gas contract had fallen 6.5 cents to $4.017 and June was off 6.1 cents to $4.057. May crude oil rose 84 cents to $94.20/bbl.

April 10, 2013
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