Good

Heading into the winter tof 2010-2011 he natural gas market is in “good shape,” with production at “levels not seen in more than 35 years,” according to a FERC analyst — and with moderate prices and storage already 90% full.

Heading into the winter the natural gas market is in “good shape,” with production at “levels not seen in more than 35 years,” according to a FERC analyst — and with moderate prices and storage already 90% full.

The natural gas market is in “good shape” as it heads into the 2010-2011 winter heating season due to the influx of shale gas, which has reshaped the industry, and the addition of new pipeline capacity to access the lower-priced supplies, said a FERC analyst Thursday.

The too-much-of-a-good-thing story of natural gas continued Friday as analysts at Tudor, Pickering Holt & Co. updated their outlook to 2 Bcf/d of annual onshore supply growth, which far outstrips their 1 Bcf/d projection of normalized demand growth.

The too-much-of-a-good-thing story of natural gas continued Friday as analysts at Tudor, Pickering Holt & Co. updated their outlook to 2 Bcf/d of annual onshore supply growth, which far outstrips their 1 Bcf/d projection of normalized demand growth.

Noting that while there are “important questions” about the environment, it has been reported that the Marcellus Shale could provide enough gas to meet U.S. demand for decades, while creating thousands of jobs, and most important can be developed responsibly, according to John Felmy, chief economist with the American Petroleum Institute (API).

Natural gas at $11/Mcf is “kind of like a Saturday night drunk,” Devon Energy Corp. Chairman Larry Nichols said Tuesday. “It may feel good at the time,” but it isn’t sustainable.

Nexen Inc. on Thursday kicked off the quarterly earnings season with good news: higher profits than anticipated and solid performance from its operating units.

BP plc and its worldwide team of experts had been preparing for a lot of good fun at this year’s annual Offshore Technology Conference (OTC), held last week in Houston.