Multiple polar vortices, which brought chilling cold to a large swath of the country last month and continuing cold over much of the nation, are driving the number of recorded heating degree-days (HDD) to unusual highs, according to National Oceanic and Atmospheric Administration (NOAA) data.
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EIA Bumps 2014 Henry Hub Estimate Up to $4.00/MMBtu
Government agency said it also expects Americans to spend more this winter to heat their homes with natural gas.
October 9, 2013
Short-Covering, Bullish Models Lift Prices
Physical prices rose for a second consecutive day, while futures climbed higher for a third day.
October 9, 2013
U.S. Net Oil Independence Possible by 2020, Says Raymond James
The United States is on track to become net oil independent by 2020, if production continues on its current path in the Permian and Williston basins, and in the Eagle Ford, Raymond James & Associates Inc. analysts said Monday.
October 1, 2013
Raymond James Devises Substitute for Rig Count
The move to horizontal drilling and longer laterals has made the domestic land rig count not so simple anymore, leading Raymond James & Associates Inc. last week to launch well and footage count forecasts.
September 30, 2013
Despite Marcellus Surge, May U.S. NatGas Output Nearly Flat Year/Year
New wells in the Marcellus Shale kept natural gas production there on the upswing in May, but declines in several other areas kept total U.S. production to 81.84 Bcf/d, just 0.3% higher than the 81.61 Bcf/d reported in May 2012, according to the Energy Information Administration (EIA).
August 2, 2013
EQT Ramps Up First Utica Well, Achieves 1 Bcfe/d in Appalachian Output
Hours ahead of EQT Corp.’s second quarter conference call on Thursday, the company tied into sales its first Utica Shale well, the CEO said.
July 26, 2013
BLM Nets $49.8M from Dakotas Lease Auction
Continuing to fetch higher per-acre prices, the federal Bureau of Land Management (BLM) took in $49.8 million last Wednesday, selling 87 leases totaling 19,015 acres in North and South Dakota, the BLM Billings, MT, office said. South Dakota had the most activity.
July 22, 2013
Oklahoma Firm Eyes Dry Shale Gas-to-Diesel Plants
A Tulsa, OK-based synfuel technology company has entered a memorandum of understanding (MOU) with an unnamed shale gas exploration and production (E&P) company to study the feasibility of a plant for turning natural gas into diesel.
July 17, 2013
Crosstex Expands Land, Sea Oil/Condensate Capacity
Crosstex Energy LP has completed two projects aimed at getting shale oil and condensate to higher paying markets.
June 28, 2013
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