Growth

Natural Gas Doesn’t Just Come From Northeast; Land Rigs Climb

Natural Gas Doesn’t Just Come From Northeast; Land Rigs Climb

Much is made of natural gas production growth from the Marcellus and Utica shales, but in a recent note, Societe Generale’s Breanne Dougherty reminded the industry that other basins are also important supply sources.

May 19, 2017

Encana Eyes 2017 Return to Growth, Maintains Multi-Play Focus

Encana Corp. is poised to return to growth by the middle of this year, management said Tuesday, emphasizing that the company is positioned to increase production from its core assets by 20% between 4Q2016 and 4Q2017.

May 3, 2017

Longer Laterals, Higher Well Rates Boost Bakken Production, Says Hess

Hitting nearly 100,000 b/d of production, or about one-third of its global total, Hess Corp.’s Bakken Shale oil production in North Dakota is poised for more rigs and substantial growth to kick in late this year, said CEO John Hess, who outlined 1Q2017 results during a conference call Wednesday.

April 26, 2017
Baker Hughes Sees ‘Cusp of Pricing Recovery’ For Most Drilling Products

Baker Hughes Sees ‘Cusp of Pricing Recovery’ For Most Drilling Products

Baker Hughes Inc. has been riding a bit of a rough road as it casts off its North American pressure pumping business and prepares for the mega-merger with a unit of General Electric (GE), but the destination — a broader price recovery — is in sight, CEO Martin Craighead said Tuesday.

April 25, 2017

Encana’s Five-Year Plan for Montney Includes Head-to-Head With Appalachia at Dawn

Calgary-based Encana Corp. reaffirmed its vision for the future of its Montney Shale on Wednesday, hinting at plans to compete with Marcellus/Utica shale gas flowing into the Dawn Hub in Ontario.

April 20, 2017
Texas Oil/NatGas Industry Posts Fourth Straight Month of Recovery

Texas Oil/NatGas Industry Posts Fourth Straight Month of Recovery

The Lone Star State’s oil and natural gas industry is back in another growth cycle after a three-year downturn, according to the economist who compiles the Texas Petro Index (TPI), a barometer of industry activity.

April 19, 2017
U.S. LNG: A Growing Slice of A Growing Pie

U.S. LNG: A Growing Slice of A Growing Pie

The global liquefied natural gas (LNG) market, which was about 270 million tonnes last year, will grow to 360-370 million tonnes in three years time, and the U.S. Gulf Coast will serve 25-30% of that market, LNG pioneer Charif Souki said Thursday in Houston.

March 9, 2017

Range CEO: U.S. Supply-Demand Outlook Supports Higher NatGas Prices

Shale play sweet spots won’t stay sweet forever; base production decline is a fact of life, and with projected domestic demand growth, $3 natural gas won’t cut it, Range Resources Corp. CEO Jeff Ventura told a Houston audience Thursday.

March 9, 2017

U.S. LTO Leading Worldwide Oil Growth Charge to 2022, Says IEA

The United States will be the No. 1 source of global oil supply growth to 2022 with light tight oil (LTO) from unconventional plays expanding the most, the International Energy Agency said Monday.

March 6, 2017