Half

November natural gas is set to open unchanged Monday morning at $2.91 as near-term weather is little changed and the technical landscape is still holding together. Overnight oil markets were mixed.

Weatherford International plc is laying off another 1,000 people, mostly U.S. support staff, to deal with an energy industry that is “substantially underfunded and substantially underinvested,” CEO Bernard J. Duroc-Danner said Thursday.

The oil and gas industry continues to narrow its focus on development this year, heeding the call of investors who expect maximum returns from existing portfolios and taking advantage of higher commodity prices, especially in North America, according to the Deloitte Center for Energy Solutions.

September natural gas is set to open 4 cents higher Monday morning at $4.00 as traders see a test of the upper end of the recent trading range and mull whether a seasonal low is now in place. Overnight oil markets gained.

The National Oceanic and Atmospheric Administration (NOAA) said temperatures are expected to be below normal this spring for about half of the Lower 48 states, but they will be above normal for the other half plus Alaska.

Antero Resources announced Monday that its proved reserves had increased 47%, to 6.3 Tcfe in the first half fo 2013 on natural gas gains mostly from the Marcellus Shale.

Almost half of the drilling in the U.S. onshore now is being done on multi-well pads, further moving attention from the rig and well count and more to horizontal footage drilled and the number of fractured stages per well, Halliburton Co. CEO Dave Lesar said last week.

Almost half of the drilling in the U.S. onshore now is being done on multi-well pads, further moving attention from the rig and well count and more to horizontal footage drilled and the number of fractured stages per well, Halliburton Co. CEO Dave Lesar said Monday.

A follow-up documentary on natural gas drilling by propagandist Josh Fox premiered on HBO last week, offering some half-truths and outright distortions about the oil and gas industry, as well as President Obama’s energy policies.