Tag / Have

Subscribe

Have

U.S. Shales Putting Canadian NatGas Producers ‘In A Holding Pattern’

U.S. Shales Putting Canadian NatGas Producers ‘In A Holding Pattern’

While natural gas prices have recovered to nearly $4/MMBtu, the National Energy Board (NEB) said Thursday that Canadian natural gas producers are undertaking minimal natural gas drilling as current prices do not cover the full costs of developing most natural gas prospects and U.S. shale development continues to displace Canadian gas exports.

May 13, 2013

NEB: Canada NatGas Producers ‘In A Holding Pattern’

While natural gas prices have recovered to nearly $4.00/MMBtu, the National Energy Board (NEB) Thursday said Canadian gas producers are undertaking minimal drilling activity, as current prices do not cover the full costs of developing most prospects.

May 13, 2013

Golden Pass Strikes Commercial Agreement for LNG Export

Golden Pass Products LLC and its backers, Qatar Petroleum International (QPI) and ExxonMobil Corp., have struck a framework agreement for the sale of potentially the full 15.6 million tonne per annum (mtpa) output of the proposed Golden Pass natural gas liquefaction and export project in Sabine Pass, TX.

May 10, 2013

Eagle Ford Helped Carrizo Set Oil-Driven Records During 1Q

Houston-based Carrizo Oil & Gas Inc. turned in first quarter results that included record production and revenue driven by record oil results.

May 9, 2013
EIA Sees Gas Production Growth, Price Increases Through 2014

EIA Sees Gas Production Growth, Price Increases Through 2014

A cold beginning to spring that resulted in a tepid start to the natural gas storage refill season has analysts at the Energy Information Administration (EIA) once again revising their natural gas price forecasts upward for the rest of 2013 and 2014. The government agency added that strong onshore production growth will offset Gulf of Mexico declines in both years.

May 9, 2013

PDC Production Up on Wattenberg Play; Liquids Hit Record

Citing drilling and acquisitions it made last year in the Wattenberg field north of Denver, PDC Energy Inc. on Wednesday reported a 19% jump in production in the first quarter, compared with the same period last year, and record output of more than 10,000 b/d of liquids.

May 6, 2013

Industry Brief

Double Eagle Energy Holdings and private equity firm Apollo Global Management have formed a partnership to invest in oil and natural gas properties in Oklahoma, focusing primarily on the Anadarko and Ardmore basins. Fort Worth, TX-based Double Eagle already has more than 500,000 acres across Texas and the Midcontinent, according to Co-CEO Cody Campbell. The partnership with Apollo “will provide a great opportunity to expand and continue our land-centered approach to oil and gas asset acquisition, which has proven successful over the last several years,” he said. Last year, Apollo led a consortium of private equity investors in a $7.15 billion leveraged buyout of El Paso Corp.’s exploration and production business, which included an array of liquids-rich U.S. unconventional property extending across Texas, Louisiana, the Raton Basin and the Rocky Mountains (see Shale Daily, Feb. 28, 2012).

April 30, 2013

Industry Brief

Progress Energy Canada Ltd., Pacific NorthWest LNG Ltd. and Petroliam Nasional Berhad (Petronas) have closed the previously announced transaction that saw Japex Montney Ltd., the Canadian subsidiary of Japan Petroleum Exploration Co. Ltd., acquire a 10% interest in Progress Energy Canada’s natural gas assets in northeast British Columbia (BC), and in the proposed Pacific NorthWest LNG export facility on Canada’s West Coast near Prince Rupert, BC. Japex has agreed to buy a 10% share of the liquefied natural gas (LNG) facility’s production for a minimum of 20 years for domestic use in Japan (see Daily GPI, March 5). “This Japex investment in upstream natural gas resources in British Columbia and the downstream LNG facility further solidifies the North Montney as a world-class natural gas asset, and it clearly defines British Columbia and Canada as attractive and competitive destinations for global investment,” said Progress Energy Canada CEO Michael Culbert.

April 30, 2013

Let’s Make a (Shale) Deal! U.S. Still Opening Doors

Strategic investors and foreign buyers continue to press for deals in U.S. unconventional fields, but higher prices have pushed private equity (PE) momentarily to the sidelines, according to PwC US.

April 29, 2013

Let’s Make a (Shale) Deal! U.S. Onshore Still Opening Doors, Says PwC

Strategic investors and foreign buyers continue to press for deals in U.S. unconventional fields, but higher prices have pushed private equity (PE) momentarily to the sidelines, according to PwC US.

April 25, 2013