Paying

Many consumers have less money than they did a year ago, but they are happier about paying their natural gas utility bills, according to the new J.D. Power and Associates 2011 Gas Utility Residential Customer Satisfaction Study.

Many consumers have less money than they did a year ago, but they are happier about paying their natural gas utility bills, according to the new J.D. Power and Associates 2011 Gas Utility Residential Customer Satisfaction Study.

Dynamic Offshore Resources LLC, which has been on a buying spree in the Gulf of Mexico (GOM) prior to the launch of an initial public offering (IPO), is paying ExxonMobil Corp. $182.5 million to acquire some offshore wells and properties that are 60% weighted to natural gas. The 13.5 million boe in new reserves would pump up Dynamic’s reserves base by nearly one-third (31%).

So far its effort to reach outside the regulated utility structure with a new natural gas storage field in Northern California is not paying off for Portland, OR-based NW Natural, but CEO Gregg Kantor expressed confidence that things will turn around during a conference call Wednesday announcing second quarter earnings that were down quarter over quarter.

It’s only been two and a half months, but Range Resources Corp. said its decision to leave the Barnett Shale is already paying off.

For the time being at least, Marcellus Shale producers are paying the price for too much of a good thing. Concentrated development in the nation’s preeminent shale gas play has made for basis-inverting constraints on Tennessee Gas Pipeline. However, the industry has seen this sort of thing before (in the Rockies more than once, for instance), and the market will work it out, eventually, a Marcellus producer told NGI.

For the time being at least, Marcellus Shale producers are paying the price for too much of a good thing. Concentrated development in the nation’s preeminent shale gas play has made for basis-inverting constraints on Tennessee Gas Pipeline. However, the industry has seen this sort of thing before (in the Rockies more than once, for instance), and the market will work it out, eventually, a Marcellus producer told NGI’s Shale Daily.

For the time being at least, Marcellus Shale producers are paying the price for too much of a good thing. Concentrated development in the nation’s preeminent shale gas play has made for basis-inverting constraints on Tennessee Gas Pipeline. However, the industry has seen this sort of thing before (in the Rockies more than once, for instance), and the market will work it out, eventually, a Marcellus producer told NGI.

It’s only been two and a half months, but Range Resources Corp. said its decision to leave the Barnett Shale is already paying off.