With the proceeds counted from the sale of its Permian Basin acreage earlier this year, Frisco, TX-based Comstock Resources Inc. is squarely focused on the Eagle Ford Shale of South Texas, where it is drilling longer-lateral wells for less money in fewer days and looking for bolt-on acreage acquisitions. The Haynesville Shale will have to wait.
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New pipeline and compressor infrastructure has helped boost dry gas production in West Virginia and neighboring southern Pennsylvania counties since early 2012, with more growth still expected to come in the region despite strategic shifts by oil and gas companies to more liquids-rich targets, the U.S. Energy Information Administration (EIA) said Tuesday.
Physical natural gas overall fell 2 cents in Thursday’s trading, but that followed the typical Thursday script of traders getting their deals done prior to the release of Energy Information Administration (EIA) inventory data.
Legislation in Colorado that would have imposed higher penalties for oil and natural gas operators that violated state regulations — supported by the governor and the energy industry — went down in defeat Wednesday, the final day of the session.
Physical natural gas fell all of a half cent on average Thursday as traders got most deals done prior to the Energy Information Administration (EIA) report on natural gas inventories.
Cash prices added less than a penny overall in Thursday’s trading as traders got their deals done ahead of the release of government inventory figures.
Companion bills in the Florida legislature would tax providers of natural gas as a transportation fuel, rather than taxing natural gas vehicle (NGV) operators as is currently done. The measures would enact a 4-cent tax/motor fuel gallon equivalent of natural gas.
Unlike many producers today, Vanguard Natural Resources LLC is not necessarily focused on oil and natural gas liquids (NGL)-rich acquisitions. The company has done recent deals for both liquids and dry gas assets, instead focusing on margin and how the properties fit into its structure, CEO Scott Smith said last week.