Mature

Natural gas production in the Gulf of Mexico is expected to decline in the short term as old fields begin to mature and become exhausted, but will rebound beginning in 2008, reaching approximately 13.5 Bcf/d at its peak, said Rebecca Watson, assistant secretary of the Interior for Land and Minerals Management.

Dynegy Inc. plans to launch a $1.3 billion credit facility on Monday to replace the company’s current $1.1 billion revolving credit facility, which is scheduled to mature in February 2005. The refinancing has been considered integral to the company’s credit rating.

Dynegy Inc. will launch a $1.3 billion credit facility on Monday to replace the company’s current $1.1 billion revolving credit facility, which is scheduled to mature in February 2005. The refinancing has been considered integral to the company’s credit rating.

Although steep production declines from mature domestic gas fields have taken much of the blame for current skyrocketing gas prices, there’s actually a larger natural gas resource in the United States now than there was two years ago, according to a new assessment by the Potential Gas Committee, which is made up of 140 members from the gas industry, government agencies and academic institutions.

Although steep production declines from mature domestic gas fields have taken much of the blame for $10/MMBtu gas prices in two of the last three winters and the current 12-month futures strip of $5.66, there’s actually a larger natural gas resource in the United States now than there was two years ago, according to a new assessment by the Potential Gas Committee. The committee is made up of 140 members from the gas industry, government agencies and academic institutions.

Because of its maturity and growth, North America’s exploration and production (E&P) sector is less likely to respond as quickly as in the past when there were unsustainable commodity prices, and thus, the industry will trend toward less activity directed at short-term production maximization, according to analysts with RBC Capital Markets.

Because of its maturity and growth, North America’s exploration and production (E&P) sector is less likely to respond as quickly as in the past when there were unsustainable commodity prices, and thus, the industry will trend toward less activity directed at short-term production maximization, according to analysts with RBC Capital Markets.

Although the shakeout in the online energy trading marketplaceis expected to take its toll on large and small companies, in thelong run, the Internet will become the first choice for buying andselling energy products, according to an expert who follows theindustry on a daily basis.