EOG’s Papa: We’re an Oil Company

While 10% of its 2012 capital program will be spent to maintain dry natural gas activities — in anticipation of better days — EOG Resources Inc.’s focus is on oil and liquids, as it has been for about the last four years, CEO Mark G. Papa told financial analysts Friday during an earnings conference call when he waxed ecstatic about the Eagle Ford Shale in South Texas.

February 21, 2012

Pennsylvania Study Reverses Bromide Claim

Pennsylvania researchers have corrected a recent study that suggested increased bromide levels in private water wells after drilling or hydraulic fracturing occurred nearby.

December 1, 2011

Seaway, Keystone Aim to Unlock Midcontinent Oil

The race to break through the Midcontinent bottleneck and flow expanding supplies of crude oil, bolstered by shale production to the Gulf of Mexico (GOM) and world markets moved up by about 300,000 b/d with separate announcements Wednesday of plans to reverse the flow of the Seaway crude oil pipeline, and a possible go-ahead for the Cushing to the GOM southern section of the stalled Keystone XL oil pipeline.

November 18, 2011

Big Storage Build Already Factored into Market; November Up

November natural gas rose on heavy volume Thursday in spite of an inventory report that indicated increases not only greater than historical norms but also higher than what analysts expected.

October 14, 2011

Rains Ease Susquehanna Basin Withdrawal Restrictions

A stretch of heavy rainfall across Pennsylvania helped ease water levels in the Susquehanna River Basin, but the Susquehanna River Basin Commission (SRBC) on Monday morning was still restricting withdrawals on 28 state waterways.

August 16, 2011

Prices Keep Falling Despite Lots of Heat

Prices continued to drop by generally small amounts at nearly all points Thursday despite cooling load remaining heavy in some areas. A few cooling trends and the previous day’s downturn of 6.5 cents by prompt-month futures were primary components of the cash market softness.

August 5, 2011

Shippers Blame Columbia for System’s Congestion

It wasn’t the overload of Marcellus Shale supplies, but poor planning by Columbia Gas Transmission LLC that “may have created or contributed” to the storage constraints on its system in northern Ohio, Indicated Shippers said in a protest to the pipeline request for a tariff increase.

July 14, 2011

California Drought Carried Big Energy Impact

California’s 2007-2009 drought, one of the severest in its history, carried a heavy impact on the state’s energy markets both from an economic and environmental perspective, according to a report released by the Pacific Institute. Natural gas played a central role, the Oakland, CA-based nonprofit said.

June 28, 2011

Calpine: Western Hydro Impacting Gas-Fired Power

Heavy rainfall in the West is producing potential record hydroelectric supplies that are impacting natural gas-fired power plant operations in California, according to senior officials at Houston-based Calpine Corp.

May 3, 2011

El Paso: Eagle Ford Value Worth Developing Alone

El Paso Corp. has decided to go it alone in developing its profitable Eagle Ford Shale acreage and has scuttled plans to take on a joint venture (JV) partner.

April 15, 2011