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EIA: Marcellus Production to Boost Lower 48 Total This Year

The Energy Information Administration (EIA) expects total domestic marketed natural gas production to increase to 69.8 Bcf/d in 2013 from 69.2 Bcf/d in 2012, and to drop slightly to 69.5 Bcf/d in 2014. Growth in Lower 48 onshore production, driven largely by the Marcellus Shale and other shale plays, will continue through 2014, although it will be offset by Gulf of Mexico declines, EIA said.

January 9, 2013

Cash Steady, But Futures Grind Higher

Physical gas prices on average Thursday were flat with weakness noted on Northeast pipes and firming prices in Southern California. The Energy Information Administration (EIA) reported a storage build of 67 Bcf, about in line with expectations, and futures worked higher. At the close of futures trading October had risen 3.5 cents to $2.797 and November was up by 1.7 cents to $2.962. October crude oil fell 11 cents to $91.87/bbl.

September 21, 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

Long-Haul Gas Pipe Throughput Growth Fails to Match ROE

Throughput volumes on long-haul natural gas pipelines grew 4.1% in 2011, compared to flat growth between 2007 and 2010, but the increase was not realized in return on equity (ROE) and earnings before interest, taxes, depreciation and amortization (EBITDA), despite the significant capital spent in the sector over the last few years, according to a report ranking investment risks by Houston-based U.S. Capital Advisors.

September 3, 2012

Northern Natural, KM Interstate, Southern Star Said to Be Highest Investment Risk Pipes

Throughput volumes on long-haul natural gas pipelines grew 4.1% in 2011, compared to flat growth between 2007 and 2010, but the increase is not being realized in return on equity (ROE) and earnings before interest, taxes, depreciation and amortization (EBITDA), despite the significant capital spent in the sector over the last few years, according to a report ranking investment risks by Houston-based U.S. Capital Advisors.

August 29, 2012
Soaring Niobrara-DJ Basin Rig Count Leads Unconventional Pack

Soaring Niobrara-DJ Basin Rig Count Leads Unconventional Pack

The unconventional oil and gas rig count sagged in the week ending Aug. 17, with numbers flat or declining in 10 of the nation’s 13 unconventional plays compared with the week before, but the liquids-rich Niobrara-Denver Julesburg (DJ) Basin continues to soar, according to NGI’s Shale Daily Unconventional Rig Count.

August 20, 2012

Eastern Gains Offset Western Weakness; Futures Flounder

The cash market on average was flat in Wednesday’s trading with gains registered at northeastern points and declines noted in Southern California. Futures made new highs for the recent advance before falling prey to a double-digit drubbing as longer-term weather forecasts called for moderate temperatures in key Midwest and eastern markets and news circulated that a veteran gas trader was closing his hedge fund. At the close of futures trading June had given up 11.8 cents to $2.253 and July had fallen 11.4 cents to $2.354. June crude oil skidded 94 cents to $105.22/bbl.

May 3, 2012

Chevron Likes Shale but Is Focused on Value, Says CEO

Chevron Corp. plans to continue to make acquisitions in unconventional plays around the world but the company likely will go it alone when it does, CEO John Watson said Friday.

January 30, 2012

Analyst Cites Potential Return to $2 Gas; Futures Mostly Lower

January natural gas finished flat Friday, but other months eased as traders don’t see any bullish factors and cite a technical trading objective 50 cents lower. January settled unchanged at $3.127 and February eased 0.3 cent to $3.174. January crude oil fell 34 cents to $93.53/bbl.

December 19, 2011

National Fuel More than Doubles Appalachian Production

National Fuel Gas Co.’s Seneca Resources Corp. more than doubled fiscal fourth quarter production from its activities in Appalachia. This contributed to better Seneca results and for National Fuel overall during the quarter and fiscal year.

November 7, 2011