Falling

Unconventionals Are a Huge U.S. Job Creator, Says IHS

Unconventionals Are a Huge U.S. Job Creator, Says IHS

The U.S. energy outlook is “fundamentally changed” because of the revolution in unconventional natural gas and oil production, generating strong job creation, economic growth and government revenues, IHS Inc. said Tuesday.

October 24, 2012

Natural Gas Price Volatility Leads to 4% Sales Increase for Marketers

Natural gas marketers experienced a welcome jump in sales during the second quarter of 2012, according to NGI’s 2Q2012 Top North American Gas Marketers Ranking, with 16 companies overall and eight of the top 10 — including all of the top six — reporting sales increases compared with 2Q2011.

September 11, 2012

Canadian Gas Export Revenues Tumble 48% in 1H2012

Canadian natural gas dealers took a cold financial bath in the first half of this year, when downpours of falling sales volumes and prices cut their export revenues by 48%. Pipeline deliveries from Canada into the United States dropped 8% to 1.5 Tcf in the first half of 2012 (IH2012), down from 1.64 Tcf in the same period of 2011, according to trade records kept by the National Energy Board (NEB).

August 27, 2012

Canadian Gas Export Revenues Tumbled 48% in 1H2012

Canadian natural gas dealers took a cold financial bath in the first half of this year, when downpours of falling sales volumes and prices cut their export revenues by 48%.

August 20, 2012

Encana Sees Red on Natural Gas Writedowns

Encana Corp. last week reported a net loss in 2Q2012 of $1.5 billion, nearly all from one-time charges on falling 12-month average natural gas prices. The Calgary-based producer earned $383 million in the year-ago period.

July 30, 2012

IHS CERA: U.S. Leads in Govt. Share of Oil/Gas Revenues

A report disputes General Accountability Office (GAO) claims that the Interior Department has been falling down on the job in its collection of revenues from oil and natural gas producers and that those revenues are among the lowest in the world. It also casts some doubt on the Bureau of Land Management’s (BLM) proposal to raise the onshore royalty rate to 18.75%.

March 19, 2012

IHS CERA: U.S. Leads World in Govt. Share of Oil/Gas Revenues

A Department of Interior (DOI)-commissioned report disputes General Accountability Office (GAO) claims that DOI has been falling down on the job in its collection of revenues from oil and natural gas producers and that those revenues are among the lowest in the world. It also casts some doubt on the Bureau of Land Management’s (BLM) proposal to raise the onshore royalty rate to 18.75%.

March 19, 2012

Survey Finds More Pennsylvania Wells and Fewer Cows

As Marcellus Shale development has been expanding across Pennsylvania, dairy production has been falling, but it’s unclear how the two trends are connected, according to a report from Pennsylvania State University.

March 13, 2012

Groups Appeal BLM Decision on Mancos Drilling

Two environmental groups are asking the Interior Department’s Bureau of Land Management (BLM) to reconsider its decision to allow WPX Energy Inc. to drill unconventional natural gas wells into the Mancos Shale play in northwest New Mexico’s San Juan Basin.

March 9, 2012

Rockies Snowstorm, Other Cold Areas Lift Most Prices

With temperatures below freezing from the Rockies into Western Canada and a snowstorm in much of the Rockies being supplemented by 30s lows in much of the Midwest and falling mercury in the Northeast, it was hardly surprising to see cash prices extend their gains Wednesday. The previous day’s futures gain of 5.4 cents also was a bullish factor.

October 27, 2011