Matter

No matter the temperature, there will be no fuel worries this winter in Canada — high storage levels of natural gas will be more than adequate to meet heating demand, according to the National Energy Board (NEB) winter outlook.

After more than half a century as the Canadian supply mainstay, Alberta natural gas production has peaked and will decline no matter how much drilling producers do, the province’s industry watchdog agency says.

After more than half a century as the Canadian supply mainstay, Alberta natural gas production has peaked and will decline no matter how much drilling producers do, the province’s industry watchdog agency says.

It appears that no matter how hard futures bulls try to punch through resistance at $8, they will continue to meet with failure until some other piece of bullish fundamental news — whether it be summer heat or hurricanes — is introduced into the equation. June natural gas futures recorded a $8.110 high Monday before retreating to close at $7.952, up 5.3 cents on the day.

An event that temporarily dropped gas prices to lows of 90 cents in the Rockies and led to widespread gas flow disruptions was over in a matter of days last week. With help from Kinder Morgan, EnCana and others, Wyoming Interstate Co. (WIC) managed to resume full pipeline operations late Thursday afternoon, five days after the driver of a bulldozer working on the Rockies Express pipeline caused a pipeline explosion on WIC about 10 miles south-southwest of Cheyenne, WY.

The Interior Department has opened an investigation into allegations that Utah Bureau of Land Management (BLM) officials made commitments to “fix” new land-use plans to assure more oil and natural gas development on wilderness-quality lands in the state.

Oil and natural gas price increases have “far outpaced” acquisition cost increases because margins matter, not the “per Mcfe sticker price,” Chesapeake Energy Corp. CEO Aubrey McClendon said last week. Holding to that strategy, the Oklahoma City-based independent plans to continue to acquire more domestic onshore assets to increase its ever-growing gas reserves.

The Interior Department has opened an investigation into allegations that Utah Bureau of Land Management (BLM) officials made commitments to “fix” new land-use plans to assure more oil and natural gas development on wilderness-quality lands in the state.

Oil and natural gas price increases have “far outpaced” acquisition cost increases because margins matter, not the “per Mcfe sticker price,” Chesapeake Energy Corp. CEO Aubrey McClendon said Tuesday. Holding to that strategy, the Oklahoma City-based independent plans to continue to acquire more domestic onshore assets to increase its ever-growing gas reserves.