Gross

EIA: U.S. Gas Consumption to Grow, Marketed Output to Slow

EIA: U.S. Gas Consumption to Grow, Marketed Output to Slow

The Energy Information Administration (EIA) on Wednesday said domestic natural gas consumption is on track to grow this year, while marketed production will slow.

October 11, 2012

Cabot Hits Record Output in Marcellus

Cabot Oil & Gas Corp. announced Tuesday that its gross production in the Marcellus Shale has averaged more than 700 MMcf/d for the last two weeks, hitting a record 752 MMcf for one 24-hour period.

September 6, 2012

Industry Briefs

Natural gas production in the Lower 48 states was 71.76 Bcf/d in March, a 0.26 Bcf/d (0.4%) decrease compared with 72.02 Bcf/d in February, according to the Energy Information Administration’s (EIA) latest Monthly Natural Gas Gross Production report. Texas had the largest decline at 0.15 Bcf/d (0.7%) as several operators reported shut-ins for well maintenance, EIA said. Declines in Louisiana (0.09 Bcf/d, or 1.1%) and New Mexico (0.08 Bcf/d, or 2.2%) were partially explained by well maintenance “and a few operators who cited low prices as a reason for limiting their production,” EIA said. Federal Offshore Gulf of Mexico production was 4.69 Bcf/d in March, a 0.16 Bcf/d (3.5%) increase compared with 4.53 Bcf/d in February, as production from shut-in wells resumed, EIA said. Production was down in every other category in March compared with the previous month — including the U.S. total, which was 81.75 Bcf/d (a 0.4% decline) — according to the report. Production in the “other states” category was 21.67 Bcf/d, a 0.2% decrease compared with 21.72 Bcf/d in February. Alaska production was 9.99 Bcf/d (down 0.5%); Oklahoma was 5.31 Bcf/d (down 0.2%) and Wyoming was 6.42% (down 0.6%).

June 4, 2012

EIA: Lower 48 Production Declined in March

Natural gas production in the Lower 48 states was 71.76 Bcf/d in March, a 0.26 Bcf/d (0.4%) decrease compared with 72.02 Bcf/d in February, according to the Energy Information Administration’s (EIA) latest Monthly Natural Gas Gross Production report.

June 1, 2012

EIA: Lower 48 Production Declined Slightly in March

Natural gas production in the Lower 48 states was 71.76 Bcf/d in March, a 0.26 Bcf/d (0.4%) decrease compared with 72.02 Bcf/d in February, according to the Energy Information Administration’s (EIA) latest Monthly Natural Gas Gross Production report.

June 1, 2012

Chesapeake Markets DJ Basin Properties

A package of five conventional and unconventional properties in the northern Denver-Julesburg (DJ) Basin of Wyoming and Colorado is up for sale by Chesapeake Energy Corp. Gross acreage is estimated at more than 684,000 acres; net acreage totals about 504,000 acres, according to Meager Energy Advisors, the listing agent.

May 25, 2012

Quebec Panel: Use Labs, Not Wells, to Test Fracking

A committee appointed by Quebec’s environment minister to study hydraulic fracturing (fracking) said the practice requires further study and recommended against authorizing any test wells that would conduct fracking for research purposes.

April 10, 2012

IHS CERAWeek: Shale Stimulating U.S. Economy

The shale gas industry contributed $76.8 billion to U.S. gross domestic product (GDP) and supported more than 600,000 jobs in 2010, but that’s just the tip of the iceberg, according to a report issued Wednesday by the World Economic Forum (WEF) at IHS CERAWeek 2012 in Houston.

March 8, 2012

Deutsche Cuts 2012 Gas Price Forecast Another 75 Cents

Because natural gas demand still is being hurt by weak U.S. gross domestic product (GDP) growth, industrial output and “uncommonly warm weather,” Deutsche Bank on Friday reduced its gas price forecast for the second time in less than a month.

January 9, 2012

Chesapeake Midstream Buys Marcellus System, Eyes More Growth

With one transaction, Chesapeake Midstream Partners LP (CHKM) has become the “biggest gathering system in the Marcellus Shale,” CEO J. Mike Stice said Thursday.

January 3, 2012