Performance

Improving performance from its core Fayetteville Shale play more than offset low natural gas prices in 2009, Houston-based Southwestern Energy Co. reported Friday. Production, which is 100% natural gas, jumped by 54% last year to a record 300 Bcfe — and output from the Fayetteville play was up 81% to 243 Bcf.

Improving performance from its core Fayetteville Shale play more than offset low natural gas prices in 2009, Houston-based Southwestern Energy Co. reported Friday. Production, which is 100% natural gas, jumped by 54% last year to a record 300 Bcfe — and output from the Fayetteville play was up 81% to 243 Bcf.

Following a second quarter that saw performance declines across its businesses, drilling and oil field services, Nabors Industries Ltd., is ready for the economy and the industry to turn around. When will that be? The third quarter could put a floor under declines and mark the beginning of a recovery, CEO Gene Isenberg said, but he’s not particularly bullish.

Following a second quarter that saw performance declines across its businesses, drilling and oil field services firm, Nabors Industries Ltd., is ready for the economy and the industry to turn around. When will that be? The third quarter could put a floor under declines and mark the beginning of a recovery, CEO Gene Isenberg said, but he’s not particularly bullish.

Mirroring the performance of the industry as a whole, XTO Energy Inc. said last week it is pulling larger amounts of gas out of the ground even as it trims the number of rigs it has in operation.

Mirroring the performance of the industry as a whole, XTO Energy Inc. said Wednesday it is pulling larger amounts of gas out of the ground even as it trims the number of rigs it has in operation.

President Obama’s grade for his performance on oil and natural gas issues during his first 100 days in office is a “D,” two producer groups said last Wednesday. Critics say Obama speaks with a forked tongue when it comes to oil and gas.

President Obama’s grade for his performance on oil and natural gas issues during his first 100 days in office is a “D,” two producer groups said Wednesday.

Since 1994, when Dow Chemical Co. first reported its energy and conservation performance, the company says it has saved 1,600 trillion Btu. Dow’s program has resulted in energy savings of $8.6 billion and has prevented 86 million metric tons of carbon dioxide from entering the atmosphere, a company official told U.S. lawmakers.