Due to its sizeable Ladyfern natural gas discovery in northeast British Columbia, Alberta Energy Company Ltd. (AEC) said on Tuesday that it is increasing its 2001 gas sales forecast by an average of 75 MMcf/d for the entire year. AEC expects Ladyfern to begin flowing to market within weeks. Daily production from Ladyfern is expected to average from 100 to 150 MMcf/d during the last half of 2001.
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Energy Policy Moves Front and Center
It’s crunch time on the energy policy front, and the big guns are in play, preparing the ground for the administration’s much-heralded comprehensive energy strategy. Vice President Dick Cheney has been putting in a series of media appearances lately, supporting energy development in the Arctic National Wildlife Refuge (ANWR), and a task force of energy experts has published a report calling on the nation to make some hard choices or face “more Californias in America’s future.”
Energy Policy Moves Front and Center
It’s crunch time on the energy policy front, and the big guns are in play, preparing the ground for the administration’s much-heralded comprehensive energy strategy. Vice President Dick Cheney has been putting in a series of media appearances lately, supporting energy development in the Arctic National Wildlife Refuge (ANWR), and today a task force of energy experts is unveiling a report calling on the nation to make some hard choices or face “more Californias in America’s future.”
Ocean Energy CFO Tells Producers to ‘Play Ball’
Using the baseball movie Field of Dreams as a metaphor for the energy industry, Ocean Energy Inc.’s CFO William Transier told producers they have to “go the distance” if they believe the North American natural gas market will grow to 30 Tcf within 20 years. By overcoming the challenges, producers can build a “supply of dreams.” But, he warned, it won’t be a shutout.
Ocean Energy CFO Tells Producers to ‘Play Ball’
Using the baseball movie Field of Dreams as a metaphor for the energy industry, Ocean Energy Inc.’s CFO William Transier told producers they have to “go the distance” if they believe the North American natural gas market will grow to 30 Tcf within 20 years. By overcoming the challenges, producers can build a “supply of dreams.” But, he warned, it won’t be a shutout.
Prima Acquires Utah Coalbed Play
Prima Energy Corp. reported last week that it has acquired orgained control of approximately 77,000 gross and 73,000 net acreson the Wasatch Plateau in central Utah, an area that has revealedsignificant coalbed methane (CBM) gas discoveries in the past.
Consolidations, Mergers Expected to Continue
Consolidation hasn’t stopped and, in fact, will play a big rolein the future for both large and small players in the oil and gasindustry, said David Moore, a strategic practices consultant forAndersen Consulting.
Consolidations, Mergers Expected to Continue
Consolidation hasn’t stopped and, in fact, will play a big rolein the future for both large and small players in the oil and gasindustry, said David Moore, a strategic practices consultant forAndersen Consulting.
Prices Soar as Traders Gaze at Screen in Awe
The incremental cash market pulled off a double play asexpected: following up the screen’s storage report-based spikeWednesday afternoon with across-the-board double-digit gains of itsown Thursday morning. It was almost like watching a replay from aweek earlier.
MMS Calls For ‘Robust’ Gulf Drilling
If the Minerals Management Service (MMS) is correct, the Gulf ofMexico has a growing role to play in meeting the nation’s demandfor natural gas. The agency presented results of a study evaluatingthe role of the federal Outer Continental Shelf (OCS) in supplyingfuture U.S. gas demand at a symposium held in Houston last week.