Nature

Natural gas price bears could be in for a treat over the next few months if Mother Nature goes along with WSI Corp.’s forecast, which last week called for the May-July period to be cooler than normal across parts of the northeastern United States, with above-normal temperatures common elsewhere, especially in the western part of the country.

Natural gas price bears could be in for a treat over the next few months if Mother Nature goes along with WSI Corp.’s just-released forecast, which calls for the May-July period to be cooler than normal across parts of the northeastern United States, with above-normal temperatures common elsewhere, especially in the western United States.

Houston-based Halcon Resources Corp., which became a public company about a year ago, has been building acreage positions in several unconventional oil and gas plays and last year grew proved reserves to 108.8 million boe, an increase of 417% from the end of 2011.

Leases for oil and gas development along the southern fringe of the Piceance Basin in western Colorado are nearing their expiration as a citizens’ action and the federal Bureau of Land Management (BLM) are blocking five exploration/production (E&P) companies, including a unit of Encana Corp.’s U.S. operations, spread over a five-county area.

Computers are prone to viruses and sometimes crash, but Americans mostly like the computer industry. However, the yo-yo nature of gasoline prices is something they can’t abide, according to a recent Gallup poll that found the oil and gas industry and the federal government have the “least positive images” among Americans, just like they did a year ago.

After inaugurating natural gas production in New Brunswick, a persistent pioneer of drilling on Canada’s Atlantic seaboard says early signs of an untapped fossil fuels mother lode have been found in eastern Quebec.

The fickle nature of weather trends came into play in the gas market again Friday as hot weekend forecasts for much of the U.S. and even extending into parts of central and Eastern Canada generated rallies at a large majority of points. The previous day’s 2.5-cent futures loss following a moderately bearish storage report and the usual weekend decline of industrial load had relatively minimal impact.

The pace of development in the Eagle Ford Shale in South Texas is fast and steady, yet “the [stock] market continues to not appreciate the statistical and predictable nature of the learning curve” in the play, said analysts at FBR Capital Markets. They noted that in other shale plays, more wells have equaled greater knowledge, which has yielded predictable productivity gains.

The pace of development in the Eagle Ford Shale in South Texas is fast and steady, yet “the [stock] market continues to not appreciate the statistical and predictable nature of the learning curve” in the play, said analysts at FBR Capital Markets. They noted that in other shale plays, more wells have equaled greater knowledge, which has yielded predictable productivity gains.