Marathon Oil Corp., which began 2012 as a pure-play exploration and production (E&P) company, has its sights trained on two big shale plays in the United States: the Eagle Ford and the Bakken, company officials said Wednesday.
However
Articles from However
Shale, Mild Winter Could Produce New Sub-$2 Floor, Analysts Say
Robust output from the nation’s shale plays and relatively mild winter weather continue to force analysts to trim their natural gas price forecasts, with Bentek Energy LLC on Tuesday saying it expects the market to set a new price floor of $1.94/Mcf this September.
Marcellus Boom Sending Rockies Gas Packing
Eastern markets used to look like the Promised Land to Rockies producers. But surging production growth from the Marcellus Shale amounts to a “keep out” sign planted along the side of Kinder Morgan Energy Partners LP’s (KMP) Rockies Express Pipeline (REX).
New Jersey Panel Votes to Ban Frack Wastewater Treatment in State
A New Jersey Assembly panel on Monday approved legislation to ban the treatment, disposal or storage of wastewater from hydraulic fracturing (fracking) in the state.
Pipelines: Some Have It, Some Don’t, Says Analysis
Investors have traditionally viewed long-haul natural gas pipelines as a relatively safe haven from risk; however, shifting trends in gas flows, “a much more proactive FERC” and the potential for higher maintenance expenses are changing that, according to an analysis by U.S. Capital Advisors.
Pipelines: Some Have It, Some Don’t, Says Analysis
Investors have traditionally viewed long-haul natural gas pipelines as a relatively safe haven from risk; however, shifting trends in gas flows, “a much more proactive FERC” and the potential for higher maintenance expenses are changing that, according to an analysis by U.S. Capital Advisors.
Traders Mull Near-Term Weakness, Longer-Term Strength
October natural gas trudged lower Friday as traders see widening differentials auguring further weakness. October fell 6.9 cents to $3.809 and November dropped 5.9 cents to $3.922. October crude oil shed $1.44 to $87.96/bbl.
Transportation Note
Tennessee Gas Pipeline on Tuesday morning informed its customers that it is lifting its imbalance warning in Zone 4 on the 300 Line. However, the pipeline continues to request that all parties match physical flow with scheduled quantities.
Marcellus Gas More Economic Than Some Oil Plays, Analyst Says
The Marcellus Shale is not only the most economic natural gas basin in the country, it is producing better returns than many oil plays, an energy industry analyst told an audience in Philadelphia last week.
Texas Grass Is Brown, but Producers’ Glass Is Half Full
The grass has long since turned brown in Texas, with many residents now restricted as to when they can water lawns. However, in most cases municipal water curtailments have yet to reach levels that affect water takes by contract users, such as oil and gas producers.