Global gas producer BG Group plc said net profits for the second quarter were hobbled by a $1.3 billion post-tax charge against its shale assets in the United States and that it would reduce drilling activity there in response to continuing low natural gas prices.
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BG Focuses on LNG, Cuts Shale Rigs
Global gas producer BG Group plc said net profits for the second quarter were hobbled by a $1.3 billion post-tax charge against its shale assets in the United States and it would reduce drilling activity in response to continuing low natural gas prices.
BG Group Net Profits Fall 77% in 2Q; Focus Shifts to LNG
Global gas producer BG Group plc said net profits for the second quarter were hobbled by a $1.3 billion post-tax charge against its shale assets in the United States and that it would reduce drilling activity there in response to continuing low natural gas prices.
E&P Production Drives Questar Earnings
Questar Corp.’s exploration and production (E&P) unit, which continued to be hobbled by realized gas prices in 4Q2009, saw production jump to just over 600 MMcfe/d, up 46% from 4Q2008, driven by strong growth from the company’s Haynesville Shale, Woodford Shale and Pinedale Anticline plays.
E&P Production Drives Questar Earnings
Questar Corp.’s exploration and production (E&P) unit, which continued to be hobbled by realized gas prices in 4Q2009, saw production jump to just over 600 MMcfe/d, up 46% from 4Q2008, driven by strong growth from the company’s Haynesville Shale, Woodford Shale and Pinedale Anticline plays.