When natural gas prices are $3, Southwestern Energy Co. has 1,200-1,500 well locations to drill in the Fayetteville Shale, but “in today’s price environment, that changes substantially,” CFO Robert Craig Owen said Wednesday in Austin, TX.
Articles from Match
Western Canada’s natural gas production could be 3 Bcf/d higher by 2025 if some of the region’s highly touted unconventional resources match the hype, according to an analysis by ITG Investment Research (IR).
Despite a year of languishing natural gas prices, Cabot Oil & Gas Corp. annual revenues for the first time surpassed $1 billion in 2012. Cash flow set records as proved reserves grew by 27% to 3.8 Tcf on organic growth that replaced 417% of record production. The Marcellus Shale gave much despite infrastructure challenges.
Canada’s National Energy Board (NEB) has refused to let TransCanada Corp. grab an early lead in building new pipelines for shale gas in northern British Columbia (BC) by rejecting immediate construction of a jumbo link to the main drilling target, the Horn River Basin.
In two separate but related cases in U.S. District Court for the Northern District of New York, a judge has ruled that energy companies can’t use the state’s de facto moratorium against high-volume hydraulic fracturing (HVHF) as an excuse to invoke force majeure to extend expiring oil and natural gas leases.
Time savings and a method to ensure that environmental rules match or exceed international standards are promised by an overhaul of resource industry supervision in Canada’s chief natural gas-, oil- and coal-producing jurisdiction.
Time savings and a method of ensuring that environmental rules match or exceed international standards are promised by an overhaul of resource industry supervision in Canada’s chief natural gas-, oil- and coal-producing jurisdiction.
It’s too early in the game to know if the productivity power of the Utica/Point Pleasant Shale in Ohio and western Pennsylvania will match other U.S. unconventional plays, but initial natural gas well data is encouraging, and if the oil-prone window is successfully derisked, the play could prove to be a triple-play hydrocarbon monster, according to IHS Inc. researchers.
Statoil plans to boost its North American production from less than 100,000 boe/d in 2011 to more than 500,000 boe/d in 2020. In the Bakken and Three Forks shale plays of North Dakota, the company said it will get its oil to market through greatly expanded use of rail transport beginning in September.