Growth

Magnum Hunter Resources said it has participated in three new field discoveries in the Gulf of Mexico that the company estimates will add 36 MMcf/d of gas production (12 MMcf/d net to Magnum Hunter) later this year.

While all most agree the easy supply growth is over, Canada’s top natural gas producer is showing it still pays to venture into the difficult parts of the western provinces.

While most agree the easy supply growth is over in Canada, the country’s top natural gas producer is showing it still pays to venture into the difficult parts of the western provinces.

Driven by high prices, depleted storage, demand growth forecasts and signs that conventional production has at best peaked and at worst begun slipping, Canadian natural gas suppliers are hunting a new generation of reserves that can be put to use fast.

Driven by high prices, depleted storage, demand growth forecasts and signs that conventional production has at best peaked and at worst begun slipping, Canadian natural gas suppliers are hunting a new generation of reserves that can be put to use fast.

New Brunswick natural gas distributor Enbridge Gas Distribution Inc. has had a difficult time convincing potential customers to switch to natural gas, and the provincial government should consider changes to its provincial rules to ensure its gas program will succeed, a company executive said this week.

New Brunswick natural gas distributor Enbridge Gas Distribution Inc. has had a difficult time convincing potential customers to switch to natural gas, and the provincial government should consider changes to its provincial rules to ensure its gas program will succeed, a company executive said this week.

Williams Energy Partners LP. Monday announced fourth-quarter 2002 operating profit of $37.3 million compared with $24.6 million in 2001, representing a 52% increase, due partially to significantly higher oil transportation and terminals revenues on its Williams Pipe Line.

Houston-based major ConocoPhillips has implemented a three-point plan designed to improve its return on capital employed from 12% to 14% over the next several years, with almost 75% of the 2003 capital budget directed toward improving the upstream business.