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Forecasters Agree: Hurricane Numbers Predicted Lower Than 2011

Add Earth Networks, the owner of WeatherBug, as well as Telvent DTN to the growing list of forecasters that expect the 2012 hurricane season to produce fewer tropical storms than the last few years.

May 24, 2012

New Brunswick Proposes Bevy of Oil, Gas Regulatory Changes

Officials in New Brunswick unveiled a list of more than 100 recommended changes to the province’s regulatory framework for oil and natural gas on Thursday, including tougher casing and cementing standards, increased water protections and substantially higher royalties.

May 21, 2012

Apache North American Onshore ‘Most Active’ in a While, Says CEO

Dry natural gas drilling in North America’s onshore, once a big calling for Houston-based Apache Corp., is off the to-do list until pricing improves, but with 60 rigs running in the U.S. onshore today — 58 targeting liquids targets — “we’ve got a very active drilling program going on right now, the most active we’ve been in some time in North America,” said CEO G. Steven Farris.

May 8, 2012

ConocoPhillips U.S. Growth Linked to Liquids, Says Incoming CEO

ConocoPhillips will say goodbye to the ranks of Big Oil and move to the top of the North America’s pure-play explorers list at the end of this month, with a U.S. focus on liquids-rich opportunities, the incoming CEO said Monday.

April 17, 2012

Fitch: 2012 U.S. Gas Prices May Hit ‘Multi-Year Lows’

Fitch Ratings on Friday joined a growing list of energy pundits in predicting no letup in North American natural gas production in 2012, low prices or not.

December 19, 2011

Fitch: 2012 Production to Hit New Highs, Prices New Lows

Fitch Ratings on Friday joined a growing list of energy pundits in predicting no letup in North American natural gas production in 2012, low prices or not.

December 19, 2011

Encana Sells Two Canadian Asset Packages

Encana Corp. last week checked off more items on its “to do” list after agreeing to sell two packages of properties, including a C$920 million deal to sell two natural gas processing plants that service the Cutbank Ridge area to Veresen Inc.

December 12, 2011

Veresen Buys Encana’s Cutbank Ridge Assets

Encana Corp. on Wednesday checked off another item on its “to do” list after agreeing to sell two natural gas processing plants that service the Cutbank Ridge area, which straddles Alberta and British Columbia (BC), to Veresen Inc. for C$920 million.

December 8, 2011

FERC: Pipe Construction Exceeds Last Year; Storage Lags

Topping FERC’s list of pipeline projects that went into service in October were National Fuel Gas Supply’s and Tennessee Gas Pipeline’s Marcellus Shale-related expansions. A new lateral in Illinois also was placed into service, and two expansion projects were approved by the Federal Energy Regulatory Commission, according to the latest energy infrastructure update.

November 17, 2011

Industry Brief

Oilfield services provider Platinum Energy Solutions Inc. filed plans with the Securities and Exchange Commission to sell up to $300 million of common stock in an initial public offering. The Houston-based company, which specializes in hydraulic fracturing in unconventional oil and natural gas plays, coiled tubing and other pressure pumping services, has operations in Texas and northwestern Louisiana. Platinum’s “quintuplex” pumping units are capable of delivering up to 2,500 hydraulic horsepower with an 80% efficiency, according to the company. Platinum said it has applied to list its stock on the New York Stock Exchange under the ticker FRAC.

October 3, 2011