For 2013, Southwestern Energy Co. is dialing down spending by $100 million but expects to increase net natural gas and oil production by 11-13% from this year. Drilling is increasing on the eastern side of the Fayetteville Shale, and new pipeline infrastructure is taking more gas to market from the Marcellus Shale, the company said.
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Crimson Eagle Ford Laterals to Exceed 7,000 Feet
Improved well results experienced by Houston-based Crimson Exploration Inc. and other operators continue to demonstrate the economic viability of the Eagle Ford Shale in Zavala and Dimmit counties, TX, said Crimson CEO Allan Keel in announcing the company’s latest well results Monday.
NRDC Report Calls For Frack Water Restrictions
Focusing on the Marcellus Shale in Pennsylvania, the Natural Resources Defense Council (NRDC) on Wednesday made a pitch for more rules to cover the handling of wastewater produced in hydraulic fracturing (fracking) with the release of a new NRDC report.
Cabot Sets Production Record, Stepping Out in the Marcellus
First quarter results of Cabot Oil & Gas Corp. improved over the year-ago period, thanks mainly to expansion of the company’s production base. Oil and gas production volumes both set company records, although low gas prices weighed on the Houston-based producer.
Energy Chiefs Urge Investing for Long Term
The shale gas revolution has improved global energy security and has helped a “mature industry be reborn through technology,” ConocoPhillips CEO Jim Mulva said last week in Qatar.
Pennsylvania Promoting NGV Conversions
With an eye on improved air quality and increased demand, Pennsylvania is making the case that existing regulation allow drivers to convert their vehicles to run on natural gas.
Encana to Get Oily in 2012
Encana Corp., one of the biggest natural gas producers in North America, is taking a walk on the oily side in 2012, redirecting a substantial portion of its 2012 budget to more profitable liquids-rich plays, CEO Randy Eresman said on Thursday.
Statoil, University of Texas Sign Energy Partnership
Improved development and drainage of shale plays is among the topics researchers at the University of Texas (UT) will investigate as part of an energy partnership agreement signed by UT and Statoil in Austin, TX, Monday.
Transportation Notes
Columbia Gas (TCO) said system operational conditions have improved, allowing it to lift Monday a Critical Day for storage that had been in effect for the previous two days. Daily storage penalties are no longer in effect and interruptible services, including AutoPAL (Park and Loan), are now available, the pipeline said. TCO also said it took the WB-Loop from Granny’s Creek valve to Gassaway valve, located in Braxton and Clay counties, WV, out of service for five days Monday to make modifications to the pipeline. Four production meters have been shut in for the duration of the outage, affecting 3,406 Dth/d.
U.S. Gas Supply ‘Steady as She Grows,’ Says Energy Analyst
A “consensus playbook” is calling for the U.S. natural gas supply curve to flatten over the coming months, but improved drilling and completion technology and a backlog of wells waiting for pipeline connections in the onshore shale plays indicate that growth won’t stall anytime soon, analysts with Raymond James & Associates Inc. said Monday.