Output

Chevron Corp. reported Wednesday that its U.S. natural gas production rose in January and February from the year-ago period, with upstream net output hitting 664,000 boe/d, up from 637,000 boe/d.

U.S. dry natural gas production during January wasn't slowed…

Chevron Corp.’s fourth quarter production and profits are unlikely to hit forecasts because of declining global output and maintenance issues, the oil major said Thursday. ConocoPhillips said bad weather in the Lower 48 states impacted its quarterly output.

The rig count may be half of what it was a year ago, but Northeast dry gas output just keeps getting stronger, say analysts.

Production from the eastern United States, including the powerhouse Marcellus Shale, will help make the country the world’s top producer of natural gas this year, the Energy Information Administration said.

Will anyone be able to look back on this time in the United States and not consider it to be a golden age for natural gas? Will anyone doubt that the Marcellus Shale was the blazing star in that firmament?

Big Oil’s attempt to take over the North American onshore from U.S. independents so far hasn’t paid off as some would have imagined just a few years ago, with the majors still struggling to capture the kind of profits and production results they may have been anticipating.

Output from the nation’s shale plays has ballooned domestic natural gas production over the past few years, but the industry, and the country, have yet to fully embrace all that the paradigm shift entails, said Rick Smead, a director in Navigant Consulting Inc.’s energy practice.

Output from the nation’s shale plays has ballooned domestic natural gas production over the past few years, but the industry, and the country, have yet to fully embrace all that the paradigm shift entails, said Rick Smead, a director in Navigant Consulting Inc.’s energy practice.