Apache Corp.’s decision to pivot from North American natural gas basins to liquids targets paid off handsomely in 2011, and there are no plans to turn back, CEO G. Steven Farris told financial analysts on Thursday.
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Canada Shielded Residents from Winter’s Natural Gas Price Spikes
It paid handsomely to live on the Canadian supply side of the natural gas market over the last heating season. In the chief gas-producing province, Alberta, the government disclosed spending of C$650 million (US$552 million) to shield residents against the worst effects of spiking prices and said it still had cash left over for other benefits.
Chevron’s Viosca Knoll Production Triples
A rich pocket of natural gas in the shallow waters off the coast of Mississippi is paying off handsomely for Chevron U.S.A. Production Co., which reports that production has more than tripled this year in its Viosca Knoll Carbonate Trend to 230 MMcf/d, up from 60 MMcf/d in 1999.
Chevron’s Viosca Knoll Production Triples
A rich pocket of natural gas in the shallow waters off the coastof Mississippi is paying off handsomely for Chevron U.S.A.Production Co., which said yesterday that production has more thantripled this year in its Viosca Knoll Carbonate Trend to 230MMcf/d, up from 60 MMcf/d in 1999.