Low natural gas prices led EnCana Corp. to curtail or shut in about 500 MMcf/d of its North American production in 3Q2009, but the producer is forecasting a price “correction” in the coming year, CEO Randy Eresman said Thursday.
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Colorado’s Drilling Applications Still Well Below 2008 Levels
The Colorado Oil & Gas Conservation Commission is still forecasting a 38% decline from 2008 in applications for permits to drill (APD) for natural gas and oil, staff said in its monthly report for September.
Analysts Play Guessing Game on U.S. LNG Imports
A lack of storage capacity worldwide for liquefied natural gas (LNG) could push most of the global oversupply to U.S. shores, but it may not be as much as some are forecasting, Barclays Capital analysts said last week.
Analysts Play Guessing Game on U.S. LNG Imports
A lack of storage capacity worldwide for liquefied natural gas (LNG) could push most of the global oversupply to U.S. shores, but it may not be as much as some are forecasting, Barclays Capital analysts said Thursday.
ConocoPhillips Sees Gas Prices of $4-8 for Next Five Years
ConocoPhillips is forecasting that natural gas prices will be in a range of $4-8/MMBtu, and oil prices will average $60-80/bbl over the next five years, CEO Jim Mulva said Wednesday.
Blue Skies Forecast for North American E&P Earnings
Energy analysts are forecasting a double-digit earnings season for the energy sector in 1Q2008, with several standouts and positive surprises expected from North American unconventional natural gas players.
Blue Skies Forecast for North American E&P Earnings
Energy analysts are forecasting a double-digit earnings season for the energy sector in 1Q2008, with several standouts and positive surprises expected from North American unconventional natural gas players.
EOG’s Output Jumps 11% on Unconventional U.S. Gas, Oil Plays
EOG Resources Inc. is forecasting its natural gas production will continue to build through “at least 2010” through its Barnett Shale and Uinta Basin reserves — and maybe some stealth projects still unmentioned — but don’t expect CEO Mark Papa to change his view of Energy Information Administration (EIA) data that indicates there’s overall gas growth across the United States. The numbers just aren’t there, he said Friday.
EOG’s Output Jumps 11% on Unconventional U.S. Gas, Oil Plays
EOG Resources Inc. is forecasting its natural gas production will continue to build through “at least 2010” through its Barnett Shale and Uinta Basin reserves — and maybe some stealth projects still unmentioned — but don’t expect CEO Mark Papa to change his view of Energy Information Administration (EIA) data that indicates there’s overall gas growth across the United States. The numbers just aren’t there, he said Friday.
Smith Sees Higher 2008 Henry Hub Average at $8.05
Forecasting higher storage withdrawals this winter than last and less available liquefied natural gas (LNG), analyst Stephen Smith predicts that 2008 Henry Hub prices will exceed last year’s by more than $1/MMBtu. The caveat is that the rest of the winter does not turn out to be much warmer than normal.