North American land drillers and related services have been some of the biggest beneficiaries of the strong oil and gas prices, and more important, all signs point to a climbing rig count going forward, according to Raymond James’ latest Stat of the Week.
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TransColorado Sees Strong Production Growth Driving Expansion
Much higher gas prices and more intense interest in adding gas production in the Rockies has TransColorado General Manager Julian Huzyk optimistic that a major pipeline expansion out of the region is more likely now than ever before.
AGA Officials: Sky Isn’t Falling…Yet
There is enough natural gas for the industry to make it through the winter, but the fear of a shortage is what’s driving gas prices higher, according to Paul Wilkinson, vice president of policy analysis for American Gas Association (AGA).
EEA Says Smaller Companies Drive 4Q Production Up
Smaller producers were the driving force behind a 1 Bcf/d increase in production during the fourth quarter of 2000 over the same period in 1999 according to Arlington, VA-based Energy and Environmental Analysis, Inc. (EEA). While many large producers reported smaller production results for the fourth quarter 2000 when compared to 1999, smaller companies were actually reporting increases.
EEA Says Smaller Companies Drive 4Q Production Up
Smaller producers were the driving force behind a 1 Bcf/dincrease in production during the fourth quarter of 2000 over thesame period in 1999 according to Arlington, VA-based Energy andEnvironmental Analysis, Inc. (EEA). While many large producersreported smaller production results for the fourth quarter 2000when compared to 1999, smaller companies were actually reportingincreases.
Digital and Power Needs Overload Energy Co.’s
The booming digital economy and a thirst for electricitygeneration are driving an ever-expanding demand for natural gas,which in turn is pushing companies to find and produce energy at apace they can barely keep up with, according to Coastal CEO DavidArledge.
Digital and Power Needs Overload Energy Co.’s
The booming digital economy and a thirst for electricitygeneration are driving an ever-expanding demand for natural gas,which in turn is pushing companies to find and produce energy at apace they can barely keep up with, according to Coastal CEO DavidArledge.
CA Merchant Gas Storage Needs Greater Price Fluctuation
This week’s power and gas crunch in California, driving pricesskyrocketing for both, provided a glimpse of what merchant storageoperators need to make their operations more profitable, accordingto the state’s first nonutility underground storage project, WildGoose Storage. More price volatility and closer tracking betweenelectricity and natural gas prices makes merchant storage morevaluable.
CA Merchant Gas Storage Needs Greater Price Fluctuation
This week’s power and gas crunch in California, driving pricesskyrocketing for both, provided a glimpse of what merchant storageoperators need to make their operations more profitable, accordingto the state’s first nonutility underground storage project, WildGoose Storage. More price volatility and closer tracking betweenelectricity and natural gas prices makes merchant storage morevaluable.
Mackenzie Delta Supplies Getting Closer
The driving force sought by promoters of Arctic natural gaspipelines is gathering steam as three senior Canadian productioncompanies revisit major northern discoveries they have sat on for aquarter of a century of unfavorable markets.