Citing drilling and acquisitions it made last year in the Wattenberg field north of Denver, PDC Energy Inc. on Wednesday reported a 19% jump in production in the first quarter, compared with the same period last year, and record output of more than 10,000 b/d of liquids.
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National Fuel Gas: Production to Jump Another 23% in 2014
National Fuel Gas Co. (NFG), which recently raised its production guidance for 2013 by 6 Bcfe to 102-112 Bcfe, said Monday it expects production to jump to 126-138 Bcfe in 2014.
March 20, 2013
Upstream Building, Operating Costs Still Climbing
The costs to build, as well as operate, upstream oil and natural gas facilities continued to increase this year and are forecast to jump more in 2013, according to IHS Inc.
December 7, 2012
EnerVest Expects Utica Sale Before Year’s End; Barnett Picking Up
EnerVest Ltd., the second biggest leaseholder in the Utica Shale after Chesapeake Energy Corp., should complete the sale of a big chunk of its leasehold by the end of the year, CEO John Walker said Friday. The property sale could fetch as much as $6 billion for the privately held Houston operator and publicly traded arm EV Energy Partners (EVEP).
November 12, 2012
Natural Gas Price Volatility Leads to 4% Sales Increase for Marketers
Natural gas marketers experienced a welcome jump in sales during the second quarter of 2012, according to NGI’s 2Q2012 Top North American Gas Marketers Ranking, with 16 companies overall and eight of the top 10 — including all of the top six — reporting sales increases compared with 2Q2011.
September 17, 2012
Natural Gas Price Volatility Leads to 4% Sales Increase for Marketers
Natural gas marketers experienced a welcome jump in sales during the second quarter of 2012, according to NGI’s 2Q2012 Top North American Gas Marketers Ranking, with 16 companies overall and eight of the top 10 — including all of the top six — reporting sales increases compared with 2Q2011.
September 11, 2012
U.S. E&P Spending Forecast to Jump 9.6% in 2012
A sharp drop in natural gas prices and recent weakness in oil prices haven’t stalled too much U.S. exploration and production (E&P) spending, which is expected to jump by 9.6% to $143 billion this year, according to 239 domestic producers surveyed by Dahlman Rose & Co.
July 9, 2012
U.S. E&P Spending Forecast to Jump 9.6% in 2012
A sharp drop in natural gas prices and recent weakness in oil prices hasn’t stalled too much U.S. exploration and production (E&P) spending, which is expected to jump by 9.6% to $143 billion this year, according to 239 domestic producers surveyed by Dahlman Rose & Co.
July 9, 2012
Unprecedented Oil Output May Upend Markets, Says Harvard Researcher
Global oil production capacity increases, especially from unconventional U.S. oil, are accelerating so quickly that output could jump almost 20% by 2020, which could dramatically reduce and possibly collapse oil prices, according to an analysis by a Harvard Kennedy School researcher and former oil industry executive.
June 27, 2012
California’s SONGS Closure Means More Gas Generation
As California and utility energy strategists have expected, natural gas for power generation could jump this summer if temperatures soar, following action by federal regulators Tuesday to keep Southern California Edison Co.’s (SCE) San Onofre Nuclear Generating Station (SONGS) closed infinitely, pending work on equipment failures at the 2,200 MW, two-unit facility.
March 29, 2012
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