Deep

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.

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.

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.

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 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 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.

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 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.

Exploration and production companies looking for ways to develop vast natural gas reserves deep within upstate New York’s Southern Tier have faced an “unwelcome” mat in recent years, with a state-imposed drilling moratorium on hydraulic fracturing (fracking), as well as many town council-imposed outright drilling bans. However, producers now face what may be an even bigger threat: the Preservation League of New York State.