Grown

Upstart independent Ultra Petroleum, which has steadily grown its natural gas reserves more than 24-fold in Wyoming in the past five years, expects to see a 37% increase in output this year in the prolific Pinedale Anticline and Jonah fields, the CEO said Tuesday.

Natural gas demand in New England, particularly for power generation, has grown rapidly over the last decade, and the addition of a liquefied natural gas (LNG) import terminal would provide the greatest enhancement to gas supply reserve margins in the region, according to a new report by the Power Planning Committee of the New England Governors’ Conference.

Oklahoma City-based Devon Energy, which has grown rapidly through acquisitions over the last several years to become the U.S.’ largest independent producer, announced a series of U.S. asset sales last week to a number of undisclosed buyers. The company sold about 88 MMboe of U.S. gas and oil reserves for $1.2 billion ($915 million after taxes) or about $13.64/boe.

Natural gas demand in New England, particularly for power generation, has grown rapidly over the last decade, and the addition of a liquefied natural gas (LNG) import terminal would provide the greatest enhancement to gas supply reserve margins in the region, according to a new report by the Power Planning Committee of the New England Governors’ Conference.

Oklahoma City-based Devon Energy, which has grown rapidly through acquisitions over the last several years to become the U.S.’ largest independent producer, announced a series of U.S. asset sales Monday to a number of undisclosed buyers. The company sold about 88 MMboe of U.S. gas and oil reserves for $1.2 billion ($915 million after taxes) or about $13.64/boe.

In a refrain that has grown louder and more frequent over the last two years, two large industrial associations urged the federal government last Wednesday to take action that directly addresses high natural gas prices, price volatility and domestic natural gas supply.

In a refrain that has grown louder and more frequent over the last two years, two large industrial associations urged the federal government Wednesday to take action that directly addresses high natural gas prices, price volatility and domestic natural gas supply.

In a refrain that has grown louder and more frequent over the last two years, two large industrial associations urged the federal government Wednesday to take action that directly addresses high natural gas prices, price volatility and domestic natural gas supply.

The liquefied natural gas (LNG) industry has grown steadily for at least 30 years, but the latest trends point to a major expansion in trade, especially in the Atlantic Basin, according to a recent report by a Standard & Poor’s (S&P) analyst.