Alberta natural gas producer Peyto Exploration & Development Corp. has no plans to curtail production like some of its North American peers, despite current weak pricing at the Henry Hub and AECO locations. Peyto would only shut in wells if AECO prices were to go negative, CEO Jean-Paul Lachance told analysts during the firm’s fourth…
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Connecticut Heating Oil Group Sues Over NatGas Expansion
The Connecticut Energy Marketers Association (CEMA), which represents heating oil and gasoline dealers, filed a lawsuit against the state Department of Energy & Environmental Protection (DEEP) on Friday, accusing regulators of failing to assess environmental impacts from a plan to expand natural gas infrastructure in Connecticut.
Deep Panuke Gas to New England Fetches Encana $19.14 on Winter Price Spikes
Natural gas production from the Deep Panuke platform offshore Nova Scotia sold for an average price in 1Q2014 of $19.14/Mcf into the U.S. Northeast daily spot market, Encana Corp. executives said Tuesday. The volumes contributed more than one-third of total operating cash flow.
Deep Panuke Ramp-Up By June’s End, Claims Builder
Encana Corp.’s Deep Panuke natural gas field offshore Nova Scotia, which has been in development in some form for more than 10 years, is scheduled to begin production before the end of June, according to the Dutch company that was hired to build and operate the production facility.
Deepwater Strikes in GOM Prove ‘Exploration Matters’
An appraisal well in the Lower Tertiary Trend of the deepwater Gulf of Mexico (GOM), as well as early results from some other ultra-deep prospects, are pointing to big reserves gains in the years ahead, according to energy analysts.
Deepwater Strikes in GOM Prove ‘Exploration Matters’
An appraisal well in the Lower Tertiary Trend of the deepwater Gulf of Mexico (GOM), as well as early results from some other ultra-deep prospects, are pointing to big reserves gains in the years ahead, according to energy analysts.
Chevron Likes Odds for LNG, Deepwater
Chevron Corp. is targeting a production goal of 3.3 million boe in 2017, fueled by the start-up of massive natural gas projects in Australia and new wells in the ultra-deep waters of the Gulf of Mexico, executives said last week.
Chevron Betting on LNG, Deepwater Projects
Chevron Corp. is targeting a production goal of 3.3 million boe in 2017, fueled by the start-up of massive natural gas projects in Australia and new wells in the ultra-deep waters of the Gulf of Mexico, executives said Tuesday.
North Dakota in Freeze as Production Declines
A deep freeze named Brutus hammered North Dakota with a pre-winter force in November, knocking down oil and gas production from all-time record levels the previous month, according to the latest statistics from the state Department of Mineral Resources (DMR).
Magnum Hunter to Test Potential of Pearsall Shale
Magnum Hunter Resources Corp. Wednesday said it plans to test for the first time the potential of the deep Pearsall Shale formation in South Texas after agreeing to pay $2.35 million to buy an additional 1,885 net mineral acres in Atascosa County.