Gear

Wednesday’s market was something of a mirror image of the one on Tuesday, with a majority of locations shifting to reverse gear. Flat numbers were common again, but while small gains had dominated Tuesday, more points were recording small increases Wednesday. Heating load is relatively scarce at this point as most areas experience a fairly mild prelude to the official start of winter, and traders were mindful of the upcoming storage report being bearish in comparison to year-ago and five-year average withdrawals.

The frenzied search to find and develop new oil and natural gas supplies in ever more demanding areas, driven into high gear by escalating prices, will lead to a boom in capital and operational spending in the world’s offshore regions, according to Douglas-Westwood Ltd. and Energyfiles.

The frenzied search to find and develop new oil and natural gas supplies in ever more demanding areas, driven into high gear by escalating prices, will lead to a boom in capital and operational spending in the world’s offshore regions, according to Douglas-Westwood Ltd. and Energyfiles.

After coasting for a year, western Canadian natural gas drilling is shifting back into gear and producers are starting to accelerate activity, field contractors reported.

After coasting for a year, western Canadian natural gas drilling is shifting back into gear and producers are starting to accelerate activity, field contractors reported.

Producers and field contractors are lining up to confirm that the Canadian natural gas industry is sprouting a new growth arm in coalbed methane (CBM). Ensign Group, the second-biggest Canadian drilling contractor after Precision Drilling, underscored the rising expectations by ordering 10 new rigs especially suited for rapidly harvesting shallow coal seams.

Producers and field contractors are lining up to confirm that the Canadian natural gas industry is sprouting a new growth arm in coalbed methane (CBM). Ensign Group, the second-biggest Canadian drilling contractor after Precision Drilling, underscored the rising expectations by ordering 10 new rigs especially suited for rapidly harvesting shallow coal seams.

Producers and field contractors are lining up to confirm that the Canadian natural gas industry is sprouting a new growth arm in coalbed methane (CBM). Ensign Group, the second-biggest Canadian drilling contractor after Precision Drilling, underscored the rising expectations by ordering 10 new rigs especially suited for rapidly harvesting shallow coal seams.

Assuming all of the conferees for the energy bill have been selected by then, conference negotiations on the comprehensive legislation are expected to get under way Friday, according to staff members of the Senate Energy and Natural Resources Committee.