Chevron Corp.’s first quarter profits should exceed those from the final period of 2011, in part because of lower costs and higher oil prices, but it still will be impacted because of lower natural gas prices, the San Ramon, CA-based major said late Tuesday in an interim report.
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Experts Agree: LNG Exports Should Be ‘Driven by Market’
In light of the natural gas supply revolution in the United States, four energy experts told a Senate energy panel Tuesday that they support the export of liquefied natural gas (LNG).
Quicksilver Adds Niobrara, West Texas Plays to Roster
Fort Worth, TX-based Quicksilver Resources Inc. has added depth to its North American lineup of oil and gas prospects with two large-scale commercial projects — one in search of a partner — which altogether would give it a large presence in seven North American basins, officials said Thursday.
Atlas Pipeline Partners Awaits Expansion Projects
Atlas Pipeline Partners LP (APL) is making progress on several expansion projects but continues to exceed processing capacities and offload production to third-party plants, the Atlas Energy Inc. affiliate said.
Atlas Pipeline Partners Awaits Expansion Projects
Atlas Pipeline Partners LP (APL) is making progress on several expansion projects but continues to exceed processing capacities and offload production to third-party plants, the Atlas Energy Inc. affiliate said Tuesday.
Rex to Bring Utica Well Online in January
Rex Energy Corp. is reporting results from its first Utica Shale test well that exceed initial results from a Chesapeake Energy Corp. well drilled nearby earlier this year.
Transportation Notes
Anticipating that storage injection nominations will exceed its capability, Southern said it was implementing a systemwide OFO Type 6 for long imbalances effective Saturday. Tiered penalties would apply to excess imbalances.
Alaska Utility Inks Cook Inlet Supply Deal
Australia’s Buccaneer Energy Ltd. has struck a deal with Alaska utility Enstar Natural Gas Co. to supply it with gas from the state’s Cook Inlet. The gas will serve customers in gas-hungry Southcentral Alaska, where Enstar supplies the vast majority of residential and commercial customers.
EXCO Credits Haynesville for Production Gains
EXCO Resources Inc. grew oil and natural gas production by 70% in the fourth quarter compared to the year-ago period, the company said. In 4Q2010 EXCO produced 32.2 Bcfe, or 350 MMcfe/d. Expectations are that 2011 production will average 520-580 MMcfe/d.
Marcellus Shale Gas Headed for Canada
With forecasts for Marcellus shale production to equal or exceed the 8.3 Bcf/d current total of all natural gas delivered to eastern markets by 2020, pipeline operators serving the area have a smorgasbord of plans for expanded lines to eastern markets, including eastern Canada, according to pipeline panelists at a recent Pennsylvania producers meeting.