Fast

Oil and gas producer North American capital expenditures (capex) will continue to grow next year but not as fast as it did this year, predicted analysts at Raymond James & Associates Inc. The global economic outlook and oil prices will drive spending trends, the firm said.

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.

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.

The pace of development in the Eagle Ford Shale in South Texas is fast and steady, yet “the [stock] market continues to not appreciate the statistical and predictable nature of the learning curve” in the play, said analysts at FBR Capital Markets. They noted that in other shale plays, more wells have equaled greater knowledge, which has yielded predictable productivity gains.

The pace of development in the Eagle Ford Shale in South Texas is fast and steady, yet “the [stock] market continues to not appreciate the statistical and predictable nature of the learning curve” in the play, said analysts at FBR Capital Markets. They noted that in other shale plays, more wells have equaled greater knowledge, which has yielded predictable productivity gains.

Range Resources Corp. President Jeffrey L. Ventura is slated to become CEO of the company Jan. 1 when current CEO John H. Pinkerton will become executive chairman, the Marcellus Shale-focused producer said Monday.

With the July 16 deadline fast approaching for implementation of much of the sweeping Dodd-Frank Wall Street Reform Act, the Commodity Futures Trading Commission (CFTC) Tuesday agreed to postpone compliance with the new derivative law by at least six months to the end of the year.

A Wood Mackenzie natural gas analyst told the electric generation sector to keep a close eye on developments in the wholesale gas market, particularly noting how fast demand picks up for North American supplies.

Natural gas supply and demand set new records in 2010, while regional changes in production — including that from the nation’s fast-growing shale plays — altered the industry landscape, according to a state of the markets report issued Thursday by FERC’s Office of Enforcement.