Good

In granting a natural gas rate increase settlement for Oklahoma Natural Gas Co. (ONG), a division of ONEOK Inc., the Oklahoma Corporation Commission (OCC) on Monday said the resolution provided a good balance between the need to ensure safe and reliable gas service and consumer concerns.

For producers — and anyone else who prefers that gas prices are higher rather than lower — the good times won’t arrive until 2013. But then prices could shoot up as high as $10/MMBtu on demand strength coupled with constraints in the rig and oilfield services sector, while global markets draw liquefied natural gas (LNG) away from U.S. shores, according to analysts at Wood Mackenzie.

Royal Dutch Shell plc said Monday it is making good progress on its Pearl GTL (gas-to-liquids) project as well as its Qatargas 4 liquefied natural gas (LNG) project. Shell is partnering in both Pearl GTL and Qatargas 4 with Qatar Petroleum, the state-owned oil and gas company of Qatar.

For producers — and anyone else who prefers that gas prices are higher rather than lower — the good times won’t arrive until 2013. But then prices could shoot up as high as $10/MMBtu on demand strength coupled with constraints in the rig and oilfield services sector, while global markets draw liquefied natural gas (LNG) away from U.S. shores, according to analysts at Wood Mackenzie.

The good news is that the outlook for the industrial sector has turned to “gradual recovery;” however, natural gas will likely be late to the party as any rebound in the top four gas-consuming sectors will not be as brisk, according to analysts at Barclays Capital.

The good news is that the outlook for the industrial sector has turned to “gradual recovery;” however, natural gas will likely be late to the party as any rebound in the top four gas-consuming sectors will not be as brisk, according to analysts at Barclays Capital.

Stepped-up regulation at the Commodity Futures Trading Commission (CFTC) is a good thing and Sempra Energy doesn’t see its joint venture energy trading business being adversely affected by whatever emerges from the current regulatory debate, Sempra CEO Don Felsinger and CFO Mark Snell said during an earnings conference call Friday. “It’s probably going to be fine for us,” Snell said.

For a good while any chart of oil and gas exploration and production (E&P) activity in Texas looked pretty decent, with steadily increasing drilling, production and prices yielding mounting positive data. But it turned out that on the other side of the data mountain was a cliff from which the industry continues to plunge.

For a good while any chart of oil and gas exploration and production (E&P) activity in Texas looked pretty decent, with steadily increasing drilling, production and prices yielding mounting positive data. But it turned out that on the other side of the data mountain was a cliff from which the industry continues to plunge.