The Texas Petro Index (TPI), an indicator of upstream oil and gas activity in Texas, increased modestly but steadily during the first half of the year, beginning July a scant 1.2% from matching the peak index achieved nearly five years ago, according to data released Monday. As has been the case for a while, oil production is the big story, but casinghead gas is lending support to natural gas output.
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Higher North American Onshore Resource Estimates Forecast for 2013
Higher natural gas and oil resource estimates should continue through 2013 for several onshore unconventional areas, especially in “pockets of the Permian Basin,” the Niobrara formation, as well as the Eagle Ford and “super-rich” Marcellus and Utica shales, according to Credit Suisse.
Texas Petro Index Falls on Weak Commodity Prices
The Texas Petro Index (TPI), an indicator of the health of the state’s oil and gas industry compiled by a Texas Alliance of Energy Producers economist, posted its first decline in two and a half years due to declining crude prices and continuing natural gas price weakness.
Texas Petro Index Falls on Weak Commodity Prices
The Texas Petro Index (TPI), an indicator of the health of the state’s oil and gas industry compiled by a Texas Alliance of Energy Producers economist, posted its first decline in two and a half years due to declining crude prices and continuing natural gas price weakness.
Enbridge Tweaks Outlook on Weak NGL Prices
As another indicator that declining natural gas liquids (NGL) prices are dragging down some bottom lines in the midstream sector, Enbridge Energy Partners LP said Tuesday it is lowering its full-year earnings projections to the $440-470 million range from earlier guidance of $510-$550 million.
MDU Resources Pursuing Oilier Strategy
As another indicator of what sub-$3 natural gas prices can produce, MDU Resources Group Inc. will be selling some of its gas assets this year — albeit small ones — and raising its proportional amount of oil production from its exploration and production (E&P) mix in the Bakken, Niobrara, Heath, Big Horn Basin and other shale plays, senior executives told analysts during the company’s 4Q2011 earnings conference call.
MDU to Shed Some Gas Assets, Getting ‘Oily’
As another indicator of what sub-$3 natural gas prices can produce, MDU Resources Group Inc. will be selling some of its gas assets this year — albeit small ones — and raising its proportional amount of oil production from its exploration and production (E&P) mix in the Bakken, Niobrara, Heath, Big Horn Basin and other shale plays, senior executives told analysts on the company’s 4Q2011 earnings conference call Thursday.
Susquehanna Commission Expands Marcellus Shale Monitoring
To provide an early warning system for potential natural gas drilling incidents, the Susquehanna River Basin Commission (SRBC) on Tuesday said it would expand its network of electronic water quality monitors on streams that flow through the Marcellus Shale region of New York and Pennsylvania.
California’s Central Valley Eyes Post-Carbon Era
It’s no more than an early indicator now, but soon California’s oil/gas-rich and agricultural-based central valley may become a harbinger for America’s transition to the post-carbon age. A host of small alternative energy businesses are springing up in the oil and farm heartland of the state, along with a proposed cutting-edge carbon capture and storage (CCS) project that recently won a $308 million U.S. Department of Energy (DOE) grant from the stimulus package.
California’s Central Valley Post-Carbon Harbinger
It’s no more than an early indicator now, but soon California’s oil/gas-rich and agricultural-based central valley may become a harbinger for America’s transition to the post-carbon age. A host of small alternative energy businesses are springing up in the oil and farm heartland of the state, along with a proposed cutting-edge carbon capture and storage (CCS) project that recently won a $308 million U.S. Department of Energy (DOE) grant from the stimulus package.