Earn

Williams management said Thursday it is primed for continued growth from the Marcellus Shale because producers want more natural gas takeaway capacity and stalwart Transcontinental Gas Pipe Line (Transco) is ready to deliver the goods.

Although only two of its counties overlay the Marcellus Shale, Maryland could earn on average about $441 million in severance taxes over a 30-year period if drilling were permitted there, according to a report released Thursday by the Maryland Petroleum Council (MPC).

Devon Energy Corp. said increased production and higher prices for natural gas liquids (NGLs) helped the company earn $1 billion during 3Q2011 as it continues to look for a joint venture (JV) partner to help develop five of its emerging assets.

Devon Energy Corp. said increased production and higher prices for natural gas liquids (NGLs) helped the company earn $1 billion during 3Q2011 as it continues to look for a joint venture (JV) partner to help develop five of its emerging assets.

Shares of Fort Worth, TX-based Quicksilver Resources Inc. soared Monday on news that an investor group is seeking to take the natural gas and oil exploration and production company private.

With steadily improving efficiencies in the drilling of onshore natural gas wells, most operators will earn a “decent living” if gas prices average around $5/Mcfe “and the others will adapt…or fade away,” analysts with Raymond James & Associates Inc. said last week. Credit Suisse analysts also are pessimistic about gas price gains in 2010, and meanwhile, the FitchRatings credit ratings team lowered its gas price estimates to around $4 for the coming year.

With steadily improving efficiencies in the drilling of onshore natural gas wells, most operators will earn a “decent living” if gas prices average around $5/Mcfe “and the others will adapt…or fade away,” analysts with Raymond James & Associates Inc. said this week.

The fundamentals are in place for exploration and production (E&P) companies to spend more on drilling programs and deliver a healthy return on the money they spend, provided they earn a New York Mercantile Exchange (Nymex) natural gas price of around $8.75/Mcf, according to energy analyst John Gerdes.

The fundamentals are in place for exploration and production (E&P) companies to spend more on drilling programs and deliver a healthy return on the money they spend, provided they earn a New York Mercantile Exchange (Nymex) natural gas price of around $8.75/Mcf, according to energy analyst John Gerdes.