While New Mexico’s natural gas-rich San Juan Basin turned up another declining year of natural gas production in 2012, at least one exploration and production (E&P) company is “encouraged” by results so far this year.
Articles from Declining
EIA: Pipe Constraints Creating ‘Volatile’ New England Prices
Natural gas pipeline constraints, high international prices and declining production in eastern Canada could all combine to create sometimes volatile New England gas and power prices this winter, according to the Energy Information Administration (EIA).
Low Prices, Demand Forecast in Avista’s Idaho Gas Plan
Idaho regulators last Friday asked for stakeholder and general public comments on a long-term planning document by Spokane, WA-based Avista Utilities that forecasts 20 years of low gas prices and demand by its retail residential and business natural gas customers in the northern panhandle of the state.
U.S. Proppant Maker Squeezing Out Chinese Product
Despite some fall-off, Houston-based CARBO Ceramics Inc. Thursday said it continues to see strong ceramic proppant sales volumes in the active major shale plays such as the Eagle Ford, Permian and Bakken.
Soaring Niobrara-DJ Basin Rig Count Leads Unconventional Pack
The unconventional oil and gas rig count sagged in the week ending Aug. 17, with numbers flat or declining in 10 of the nation’s 13 unconventional plays compared with the week before, but the liquids-rich Niobrara-Denver Julesburg (DJ) Basin continues to soar, according to NGI’s Shale Daily Unconventional Rig Count.
Natural Gas Prices Send Encana Into the Red
Encana Corp. on Wednesday reported a net loss of $1.5 billion in 2Q2012 after recording one-time impairments on declining 12-month average natural gas prices. The Calgary-based producer earned $383 million in the year-ago period.
Dramatic North American Energy Shift Eyed
Natural gas and oil liquids are expected to expand globally, U.S. energy imports will continue declining and a reordering of the fossil fuel mix in North America will prompt a rethinking of domestic energy policy, according to the authors of a study due out later this summer.
Enbridge Tweaks Outlook on Weak NGL Prices
As another indicator that declining natural gas liquids (NGL) prices are dragging down some bottom lines in the midstream sector, Enbridge Energy Partners LP said Tuesday it is lowering its full-year earnings projections to the $440-470 million range from earlier guidance of $510-$550 million.
IHS Report: Shale Creating Jobs Across Lower 48
Unconventional natural gas activity supported more than one million jobs in 2010, a number that is likely to grow to nearly 1.5 million by 2015. The industry is expected to generate significant job creation, economic growth and tax revenues nationwide — in producing and non-producing states alike — according to a new report from IHS Global Insight.
Salazar, Senators Spar Over Oil, Gas Production Data
Interior Secretary Ken Salazar and members of the Senate Energy and Natural Resources committee last Tuesday disagreed about the significance of declining oil and gas production on federal lands during a hearing on the department’s proposed 2013 budget.