Pack

Halliburton Co. on Thursday disclosed details on the performance of its new hydraulic fracturing (fracking) service, which uses a fluid based on a derivatized natural polymer rather than guar gum.

This week’s rally in the cash market appeared ready to pack up its tents and move on as nearly all increases outside the West diminished to about a nickel or less Wednesday. Traders apparently were coming to grips with the realities of relatively little weather-based or industrial load, further fading of storage injection opportunities except in the West, and the continuing lack of tropical storm threats to Gulf of Mexico production expected to last through the rest of the 2011 season.

ExxonMobil Corp. unit XTO Energy Inc. is picking up the Fayetteville Shale natural gas assets of Petrohawk Energy Corp. for $575 million. The deal puts ExxonMobil at No. 2 in the Fayetteville leaseholder pack.

Despite relative calm during the first two months of the 2010 hurricane season, the final four months of the 2010 Atlantic hurricane season are likely to pack a punch for the Gulf of Mexico and the U.S. coastline, according to forecasters at the National Oceanic and Atmospheric Association (NOAA) and Colorado State University (CSU).

The final four months of the 2010 Atlantic hurricane season are likely to pack a punch for the Gulf of Mexico and the U.S. coastline, according to forecasters at the National Oceanic and Atmospheric Association (NOAA), who on Thursday released an updated forecast calling for a 90% chance of an above normal season.

Alberta has long been the alpha dog of Canada’s natural gas exploration, but British Columbia is quickly proving it can run with the pack. Nexen Inc. last week became the latest of several pedigreed gas producers to track down success in the emerging shale prospects in the Horn River Basin.

Alberta has long been the alpha dog of Canada’s natural gas exploration, but British Columbia is quickly proving it can run with the pack. Nexen Inc. this week became the latest of several pedigreed gas producers to track down success in the emerging shale prospects in the Horn River Basin.

High line pack exists on Kern River’s entire system. Shippers and operators were asked by the pipeline Monday to stay on rate.

Analysts at Raymond James & Associates aren’t quite ready to pack up their bull horns and nose rings, but they had to concede Monday that the domestic gas supply picture is improving. To them that simply means the domestic gas production decline isn’t as steep as they previously projected.