North American explorers aren’t going to let a little thing like weak natural gas prices get in the way of record spending plans in 2012, a recent survey by Barclays Capital has found.
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North American E&Ps ‘Adapting Quickly’ to Lower Gas Prices
North American explorers aren’t going to let a little thing like weak natural gas prices get in the way of record spending plans in 2012, a new survey by Barclays Capital has found.
BLM Opens Public Comment on EOG Uinta Drilling
The Bureau of Land Management (BLM) recently opened a 30-day comment period on the environmental assessment (EA) for EOG Resources’ plans for directional drilling of production wells in an already developed area in the central portion of the Uinta play in northeast Utah. The comment period ends Jan. 13.
Most Prices Continue to Fade into Weekend
A few points again were flat to moderately higher going into the weekend, but the cash market largely repeated Thursday’s activity in recording mostly substantial declines at a large majority of locations Friday. The usual weekend drop of industrial demand and some doubt about whether the latest bout of winter-like weather would last long enough and be severe enough to put much of a dent in lingering storage surpluses over year-ago and five-year average levels apparently were responsible for many traders’ bearish moods.
Eagle Ford Producers in Infrastructure ‘Bind’
Producers in the Eagle Ford Shale of South Texas are having to take the bad with the good. The good: abundant oil and liquids-rich gas production in an era of very low dry gas prices. The bad: a dearth of infrastructure to handle the play’s robust output.
Kodiak Ups Capex, Adds Bakken Acreage
Kodiak Oil & Gas Corp. says it plans to spend $585 million on capital expenditures (capex) in 2012, with $550 million going toward drilling and completing of 73 gross (51 net wells) in the Williston Basin, $25 million for infrastructure and $10 million for miscellaneous acreage acquisitions.
Pickens Predictions: High Oil, More Gas
It wouldn’t be a proper T. Boone Pickens speech without a wild predication or two, and the legendary oilman made a handful at Hart Energy’s 2011 DUG (Developing Unconventional Gas) East conference in Pittsburgh on Wednesday.
NPC: ‘Enormous’ Natgas Base Could Transform U.S. Economy
Shale gas is reviving the domestic chemical industry, has already sparked growth in exports, and going forward it will boost the U.S. economy through new jobs in supplier industries and other manufacturers benefiting from cheap, plentiful energy, according to the National Petroleum Council (NPC).
NPC: ‘Enormous’ Natgas Base Could Transform U.S. Economy
Shale gas is reviving the domestic chemical industry, has already sparked growth in exports, and going forward it will boost the U.S. economy through new jobs in supplier industries and other manufacturers benefiting from cheap, plentiful energy, according to the National Petroleum Council (NPC).
Pennsylvania Governor Planning Impact Fee
Pennsylvania Gov. Tom Corbett said he would introduce an impact fee for Marcellus Shale producers this month.