Estimated

U.S. natural gas working inventories hit a record high in November of 3.923 Tcf, but domestic inventories ended January at an estimated 2.7 Tcf, or 0.2 Tcf below January 2012 levels, the Energy Information Administration (EIA) said last week. The lower storage numbers were blamed in part on wellhead freeze-offs in several onshore basins.

U.S. natural gas working inventories hit a record high in November of 3.923 Tcf, but domestic inventories ended January at an estimated 2.7 Tcf, or 0.2 Tcf below January 2012 levels, according to the Energy Information Administration (EIA). The lower storage numbers were blamed in part on wellhead freeze-offs in several onshore basins.

Utica Shale operators are discovering that with some patience and seasoning, estimated ultimate recoveries (EUR) for liquids reserves appear to move higher.

Utica Shale operators are discovering that with some patience and seasoning, estimated ultimate recoveries (EUR) for liquids reserves appear to move higher.

Chevron Corp. subsidiary Chevron Canada Ltd. will acquire a 50% operating interest in the Kitimat, British Columbia (BC), liquefied natural gas (LNG) export project and proposed Pacific Trail Pipeline (PTP), and a 50% interest in 644,000 acres of petroleum and natural gas rights in the Horn River and Liard Basins in BC, and be a partner in the project and acreage with Apache Corp., the companies said last month.

Of the estimated 33,000 natural gas customers who were impacted by Superstorm Sandy, New Jersey Natural Gas (NJNG) reported on Wednesday that it had restored service to about 18,000 meters on Long Beach Island in Monmouth County and parts of Ocean County. However, before gas can flow to the meters, residents have to return to their homes, have their electricity restored and hire qualified technicians to ensure the equipment is safe to operate, said a NJNG spokesman. He said it was a “little harder to quantify” how much of the distribution system’s infrastructure, which was damaged by Sandy, would have to be replaced.

After more than a century of production from conventional pools, astronomical volumes still await the new methods of extracting natural gas and oil from Alberta’s shale, according to provincial earth scientists.

Carrizo Oil & Gas Inc. is forming a joint venture (JV) in the Niobrara formation with Haimo Oil & Gas LLC, a unit of China’s Lanzhou Haimo Technologies Co. Ltd. Separately, the company announced third quarter production growth for oil, condensate and natural gas liquids (NGL).

Noble Energy Inc., whose exploration efforts are spread across the globe, on Thursday gave investors a peek at five frontier plays, including a promising unconventional find in an overlooked area of Nevada.