natural gas

Next-day prices for physical gas traded Wednesday moved little as hefty losses in New England were largely balanced by gains in the Mid-Atlantic, Marcellus, and Gulf. Great Lakes and Rockies prices were mostly mixed, but California locations were higher.

Clayton Williams Energy Inc. (CWEI) is tweaking its Eagle Ford Shale fracking operations and experimenting with downspacing. In the Delaware Basin, three of its recent wells ran into trouble, and the Midland, TX-based independent said it is monitoring the pullback in oil prices as it considers plans for next year.

Talk about natural gas oversupply may not be the big story when the domestic exploration and production (E&P) sector unveils quarterly earnings reports over the next few weeks. Instead, conversations may center around the impact lower crude oil prices had on the third quarter, and how they may impact drilling plans into 2015, energy analysts said this week.

Arizona regulators said Tuesday in an annual conference with major suppliers and distributors in Phoenix that the state has robust natural gas supplies for this winter, which is expected to be warmer and wetter than normal.

The British Columbia (BC) government chopped its liquefied natural gas (LNG) export tax in half Tuesday and added corporate tax cuts as lure to build tanker terminals on Canada’s Pacific coast.

Top regulators from Oklahoma, North Dakota and Ohio all agreed on Tuesday that unconventional oil and gas development in their states shows no signs of slowing anytime soon.

With carbon emissions and well stimulation now regulated by the state, and with new water rules and energy taxes possible next year, oil and natural gas industry representatives expressed mixed feelings Tuesday about the future of their business at Oil and Gas Awards’ West Coast Energy Summit in Bakersfield, CA.

Total SA’s board of directors scheduled an emergency meeting on Tuesday after the company’s charismatic and outspoken leader, Christophe de Margerie, 63, known to many in France and around the world as the “Big Moustache,” died Monday night.

Freeport LNG Development LP and Port Freeport have begun to widen the Port Freeport harbor channel in Texas. The entrance and jetty sections of the Port Freeport ship channel will be widened from the existing 400 feet to 600 feet. The channel’s reach extends from the port’s sea buoy to the U.S. Coast Guard station in Surfside for about 6.1 miles. The work is to be completed in May. Freeport LNG owns and operates an existing liquefied natural gas (LNG) regasification terminal located near Freeport, TX, and is developing a gas liquefaction and LNG export project there (see Daily GPI,Oct. 20).