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Flat

Chevron Spuds First Well in Duvernay Shale

Chevron Corp. spud its first well during the third quarter in Alberta’s promising Duvernay Formation, CFO Pat Yarrington said Friday.

October 31, 2011

Blacks Hills CEO Likes E&P, Utility Growth

Natural gas and electric utilities drove results in the second quarter for Rapid City, SD-based Black Hills Corp. but: Despite flat results in the second quarter when its utilities drove increased profits, CEO Dave Emery last week talked up the company’s early stage horizontal drilling in the San Juan and Piceance basins.

August 15, 2011

Mixed Pricing Sees Little Change from Flat

Most points remained on the slightly firmer side in ranging from flat to about a nickel higher. Losses of up to nearly a dime were most prevalent at Northeast citygates.

August 11, 2011

Blacks Hills CEO Bullish on E&P, Quarterly Utility Growth

Despite flat results in the second quarter when its utilities drove increased profits, Rapid City, SD-based Black Hills Corp. CEO Dave Emery talked up the company’s early stage horizontal drilling in the San Juan and Piceance basins.

August 11, 2011

Market Oversold? No Worries; September Trades Unchanged

September natural gas was unchanged Friday as the volatility following Thursday’s inventory report all but vanished, and managers see an oversold but non-threatening market. At the close September was flat at $3.941 and October had risen 0.7 cent to $3.962. September crude oil added 25 cents to $86.88/bbl.

August 8, 2011

Shale Gas to Spur a National Reordering of Pipe Systems

Continuing flat energy demand in a time of record hydroelectric supplies has natural gas stakeholders in the Pacific Northwest watching as the shale gas boom redefines energy delivery patterns and markets. As Ruby Pipeline on Thursday brought an added 1.5 Bcf/d of gas capacity into the West, these stakeholders told NGI’s Shale Daily that a national reordering of gas delivery systems needs to take place before gas’ future role in the region can be determined.

August 1, 2011

West Keeps Eye on Ruby Pipeline, Shale Boom

Continuing flat energy demand in a time of record hydroelectric supplies has natural gas stakeholders in the Pacific Northwest watching as the shale gas boom redefines energy delivery patterns and markets. As Ruby Pipeline on Thursday brought an added 1.5 Bcf/d of gas capacity into the West (see Daily GPI, July 29), these stakeholders told NGI that a national reordering of gas delivery systems needs to take place before gas’ future role in the region can be determined.

August 1, 2011

Correction

In the story “EIA: Renewables Up, Gas Flat as Power Sources” (see Daily GPI, May 23), NGI incorrectly stated that the average price for natural gas used in power generation was $5.09/MMBtu a year ago. In fact, the average price paid for natural gas for power generation in February 2011 was $5.09/MMBtu, down 5.2% from the average price of $5.37/MMBtu paid in January 2011, and down 16% from the average price of $6.06/MMBtu paid in February 2010. NGI regrets the error.

May 25, 2011

EIA: Renewables Up, Gas Flat as Power Sources

At the beginning of this year compared to the same period a year earlier, wind and hydroelectric power supplies increased, natural gas use was flat and coal-fired generation was down markedly, according to the latest report from the Energy Information Administration (EIA).

May 23, 2011

Canadian Drillers Enjoying Unconventional Boom

Participants in the Canadian energy industry are signaling that its switch of drilling targets to oil and natural gas liquids (NGL) will continue and accelerate.

May 13, 2011