The Energy Information Administration’s (EIA) projection that domestic dry gas production rose by about 2% in 2003 appears to be “overly optimistic,” a top official with Anadarko Petroleum Corp. told a Senate panel Thursday. If this turns out to be the case, it would be the second consecutive year that the agency has erred on the high side when estimating gas production in the U.S.
Declining
Articles from Declining
Analyst Says State, Producer Data Match on Gas Production Declines
A review of exploration and production company data corresponds to state data showing that U.S. natural gas production is declining despite higher rig counts in key states, according to a research report by energy analyst John Gerdes of Southwest Securities.
February 23, 2004
Analyst Says State, Producer Data Match on Gas Production Declines
A review of exploration and production company data corresponds to state data showing that U.S. natural gas production is declining despite higher rig counts in key states, according to a research report by energy analyst John Gerdes of Southwest Securities.
February 18, 2004
Moody’s Cuts Amerada Hess Credit Rating to Junk Status
Amerada Hess’ declining production, low reserve replacement and burdensome cost structure, which is among the highest in the industry, prompted Moody’s Investors Service to downgrade the company’s debt to junk status Friday.
February 17, 2004
TransCanada Expects Western Canadian Supply to Stabilize
TransCanada PipeLines CFO Russell K. Girling said his company will be dealing with declining Western Canadian gas production over the next few years, but he believes that within several years Canadian supply will stabilize and remain flat over a significant period.
February 16, 2004
TransCanada Expects Western Canadian Supply to Stabilize
TransCanada PipeLines CFO Russell K. Girling said his company will be dealing with declining Western Canadian gas production over the next few years, but he believes that within several years Canadian supply will stabilize and remain flat over a significant period.
February 12, 2004
Analyst: LNG Imports to Only Offset Declining U.S. Supply
The conventional view is that liquefied natural gas (LNG) imports in the coming years will set the price for natural gas, however, even in the most optimistic scenario, LNG imports of 0.5 Bcf/d per year will at best only offset the decline in North American supply, according to an analysis by Southwest Securities’ John Gerdes.
September 22, 2003
Analyst: LNG Imports to Only Offset Declining U.S. Supply
The conventional view is that liquefied natural gas (LNG) imports in the coming years will set the price for natural gas, however, even in the most optimistic scenario, LNG imports of 0.5 Bcf/d per year will at best only offset the decline in North American supply, according to an analysis by Southwest Securities’ John Gerdes.
September 16, 2003
ChevronTexaco to Sell 400 North American Fields, Others to Boost Profitability
With U.S. natural gas and oil production declining nearly 9% in the second quarter, and worldwide oil-equivalent production down 4% for the same period, ChevronTexaco Corp. (CVX) on Friday announced plans to sell $1 billion to $2 billion in assets each year for the next few years to improve its profitability.
August 4, 2003
Duke Energy Buys Westcoast for US$8.5 Billion
While much of the gas industry is busy preparing for a period of low prices and declining demand due to the weakening economy, Duke Energy is showing great confidence in future gas market growth and the potential of Canadian supply basins. The company announced plans last week to buy Westcoast Energy in a cash and stock transaction valued at US$8.5 billion, including $4 billion in debt assumption. The move greatly expands Duke’s North American natural gas pipeline holdings and positions it for a strong role in future gas infrastructure expansions.
May 19, 2003
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