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EnerVest CEO Advises NatGas Peers to ‘Conspire to Constrain Supply Growth’

If natural gas prices were to fall to $1, that wouldn’t be such a bad thing, according to EnerVest Ltd. CEO John Walker. In fact, low prices may be the industry’s “greatest savior,” he said Wednesday at Bentek Energy’s Benposium in Houston.

May 17, 2012

$1 Gas Prices Might Help Industry, Says EnerVest CEO

If natural gas prices were to fall to $1, that wouldn’t be such a bad thing, according to EnerVest Ltd. CEO John Walker. In fact, low prices may be the industry’s “greatest savior,” he said Wednesday at Bentek Energy’s Benposium in Houston.

May 17, 2012

Bentek: Storage Glut Could Drive Fall Prices Lower

Despite the fact that some producers are increasing their dry natural gas shut-ins and retooling their operations to go after liquids, the industry is still facing a supply glut problem, which could be exacerbated later this summer as storage room becomes scarce. As a result, cash prices could easily slip back below $2, according to Evergreen, CO-based Bentek Energy.

May 11, 2012

Henry Hub Might Not Be Done With Sub-$2 Pricing, Bentek Says

Despite the fact that some producers are increasing their dry natural gas shut-ins and retooling their operations to go after liquids, the industry is still facing a supply glut problem, which could be exacerbated later this summer as storage room becomes scarce. As a result, cash prices could easily slip back below $2, according to Evergreen, CO-based Bentek Energy.

May 11, 2012

Economics Replacing Supply Concerns for Ethane

Will ethane production from shale plays in Appalachia support all of the ethane projects proposed for the region?

March 21, 2012

Global Energy Giant Total Keeps Eye on Shale

Even though its home country of France has nixed shale gas and oil exploration, Paris-based Total will continue to seek unconventional resources, a spokesman told NGI’s Shale Daily. Total sees gas as a major player on the world’s energy stage over the next 20 years.

October 26, 2011

Limited Resources Stymie BOEM Permitting, Says Chevron CEO

It’s not, in fact, animosity toward the oil and gas industry but rather limited staff and resources that are hindering federal officials’ abilities to fast-track deepwater drilling projects, Chevron Corp. CEO John Watson said last week.

September 12, 2011

Futures Inch Higher Despite ‘Slightly Bearish’ Storage Build

October natural gas futures rose Thursday despite the fact that the Energy Information Administration (EIA) reported an increase in working gas storage higher than what many traders were expecting. The prompt-month contract ventured north of $4 for a second straight regular trading session before closing the day at $3.980, up 4 cents from Wednesday. November futures added 2.3 cents to $4.068.

September 9, 2011

Chevron’s Watson Says Limited Resources Stymie BOEM Permitting

It’s not, in fact, animosity toward the oil and gas industry but rather limited staff and resources that are hindering federal officials’ abilities to fast-track deepwater drilling projects, Chevron Corp. CEO John Watson said Wednesday.

September 9, 2011

Marcellus Adding to West Virginia Tax Revenues

West Virginia, which collected less than $55 million in severance taxes from natural gas operations last year, could see that number jump to nearly $120 million by 2016, thanks in large part to the state’s growing Marcellus Shale industry, according to Deputy Revenue Secretary Mark Muchow.

July 21, 2011