Jumped

Pennsylvania Bill to Tax Natural Gas Production Inches Forward

Legislation to impose a severance tax on growing natural gas production in Pennsylvania’s Marcellus Shale jumped a committee hurdle Tuesday and now will move to the full House for consideration.

June 24, 2009

U.S. Gas Reserves Estimated to Last 100 Years

U.S. natural gas available for production has jumped 58% in the past four years, driven by improved drilling techniques and the discovery of huge shale fields in Texas, Louisiana, Arkansas and Pennsylvania, according to a report issued Thursday by the nonprofit Potential Gas Committee (PGC).

June 22, 2009

U.S. Gas Reserves Soar 58% in Four Years, Says Potential Gas Committee

U.S. natural gas available for production has jumped 58% in the past four years, driven by improved drilling techniques and the discovery of huge shale fields in Texas, Louisiana, Arkansas and Pennsylvania, according to a report issued Thursday by the nonprofit Potential Gas Committee (PGC).

June 19, 2009

Futures Push Higher on Bullish Storage Injection, Revisions

Turning in a heck of a first day on the job, the July natural gas futures contract — in its first regular session as the front month contract — jumped 31.9 cents on Thursday to close at $3.957 as the bulls took advantage of price-supportive storage news.

May 29, 2009

Devon Looks to Share the Wealth in Lower Tertiary

Devon Energy Corp.’s North American quarterly natural gas output jumped nearly 10% from a year ago after surpassing production records in the Barnett Shale in Texas and the Powder River Basin in Wyoming, the company said Wednesday. However, to ensure it has adequate funding for its near-term, onshore projects, the producer wants to find a partner to share expenses for its longer-term projects in the deepwater Gulf of Mexico (GOM).

May 11, 2009

Devon’s Gas Output Jumps Almost 10%

Devon Energy Corp.’s North American quarterly natural gas output jumped nearly 10% from a year ago after surpassing production records in the Barnett Shale in Texas and the Powder River Basin in Wyoming, the company said Wednesday.

May 7, 2009

Woodford Shale Boosts Newfield’s Gas Production

Newfield Exploration Co.’s natural gas-weighted production jumped 20% in 2Q2008 from the same period a year ago, lifted by strong performance from its Woodford Shale operations in the Arkoma Basin.

July 28, 2008

Woodford Shale Boosts Newfield’s Gas Production

Newfield Exploration Co.’s natural gas-weighted production jumped 20% in 2Q2008 from the same period a year ago, lifted by strong performance from its Woodford Shale operations in the Arkoma Basin.

July 25, 2008

NatGas Futures Move Higher as Crude Sets Another Record

Sparked by roaring crude prices, shaky fundamentals and summer heat and storm uncertainty, August natural gas futures jumped 15.5 cents on Monday to close at $13.353/MMBtu, a new high close for the up move.

July 1, 2008

Questar Files $405M Gas Cost Rate Hikes in Utah, Wyoming

As a barometer of just how much wholesale natural gas prices have jumped in recent months, Questar Corp. distribution utility Questar Gas Co. Thursday filed for more than $405 million in separate natural gas cost recovery rate cases with both the Utah and Wyoming regulatory commissions, which will result in substantial retail rate hikes starting July 1.

June 9, 2008
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