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Natural Gas Futures Fly as Midwest Turns Cold, but Weather Models Toying With Traders

Natural Gas Futures Fly as Midwest Turns Cold, but Weather Models Toying With Traders

Natural gas futures exploded early Monday as weather models shifted colder with a double whammy of bitter wintry weather expected to sweep across the Lower 48 later this month. While subsequent model runs sapped quite a bit of momentum, the January Nymex gas futures contract still settled 34.2 cents higher at $6.587/MMBtu. February futures jumped…

December 12, 2022

Antero Reports 47% Increase in Proved Reserves

Antero Resources announced Monday that its proved reserves had increased 47%, to 6.3 Tcfe in the first half fo 2013 on natural gas gains mostly from the Marcellus Shale.

July 30, 2013

Atlas Pipeline NatGas Volumes Jump 63%

Driven by steadily increasing midstream business, Atlas Pipeline Partners LLP’s (APL) natural gas volumes from onshore U.S. plays jumped by double digits in the first three months of this year from a year ago to average 1.03 Bcf/d, the operator said last week.

May 6, 2013

Atlas Pipeline’s Onshore NatGas Volumes Jump 63%

Driven by steadily increasing midstream business, Atlas Pipeline Partners LLP’s (APL) natural gas volumes from onshore U.S. plays jumped by double digits in the first three months of this year from a year ago to average 1.03 Bcf/d, the operator said late Monday.

May 2, 2013

Hess Driven by Bakken, Encouraged by Utica

The Bakken Shale, Hess Corp.’s “principal engine of growth.” averaged 65,000 boe/d in the first three months of this year, an increase of 55% from a year ago, the CEO told investors on Wednesday.

April 26, 2013
‘Nothing’ Off the Table to Lift Value, Says Devon CEO

‘Nothing’ Off the Table to Lift Value, Says Devon CEO

Devon Energy Corp.’s North American onshore oil production jumped year/year 20% in 2012 as it continued to makeover its natural gas-weighted portfolio to higher margin liquids and oil targets, but more still needs to be done to squeeze the value of its portfolio, CEO John Richels said Wednesday. Oil appears to be the answer, and dry natural gas development still is off the table.

February 22, 2013

Questions Swirl on Encana CEO’s Abrupt Resignation

Randy Eresman, who has led Encana Corp. since 2006, suddenly resigned on Friday, fueling speculation about whether he jumped or was pushed out of the boardroom.

January 15, 2013

U.S. Led Global Upstream M&A Activity in 2012

Global upstream oil and natural gas deals in 2012 jumped 50% higher year/year to a record $254 billion in 679 mergers and acquisitions (M&A), according to data compiled by PLS Inc. and Derrick Petroleum Services.

January 8, 2013
Eagle Ford Shale Is a Dollars and Jobs Gusher

Eagle Ford Shale Is a Dollars and Jobs Gusher

By 2021, the Eagle Ford Shale could produce nearly $62.1 billion in output, support about 82,600 full-time jobs, add nearly $34 billion in gross regional product and about $888 million to local government revenues and $1.6 billion to state revenues, according to a new studies of 14 South Texas counties comprising the Eagle Ford area.

October 29, 2012
Shales Helped Push Natural Gas Production Up 1.74 Tcf in 2011

Shales Helped Push Natural Gas Production Up 1.74 Tcf in 2011

Inflated by production from the nation’s burgeoning shale plays, total gross withdrawals of domestic natural gas jumped to 28.58 Tcf in 2011, a 6.5% increase from 26.84 Tcf in 2010, and are on pace to easily surpass those numbers again this year, according to the U.S. Energy Information Administration’s Monthly Energy Review for September.

October 1, 2012
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