Marcellus Gas Output Only Going Higher, Says Analyst

Marcellus Gas Output Only Going Higher, Says Analyst

Raymond James & Associates Inc. on Tuesday revised upward its 2013 U.S. natural gas production forecast to average about 66.8 Bcf/d, up 1.3 Bcf/d from a previous forecast, mostly because Marcellus Shale output has not declined, while associated gas from oil drilling is only adding to the surplus.

January 24, 2013

Chevron: ‘Notably Higher’ Profits in Fourth Quarter

Chevron Corp. expects to report “notably higher” results for 4Q2012 than profits in the previous three months, management said in an interim update.

January 14, 2013

Dallas Commission Rethinking Drilling Decision

Over the objections of a citizens group opposed to gas drilling, the city of Dallas Plan Commission last Thursday voted to revisit a previous vote against special use permits (SUP) to allow Trinity East Energy LLC to drill within the city limits.

January 14, 2013
Southwestern Gives $900K to Restore Waterways in Arkansas

Southwestern Gives $900K to Restore Waterways in Arkansas

A Southwestern Energy Co. official said the company will donate $900,000 to The Nature Conservancy to fully fund the first of a three-phase project to restore waterways in Arkansas’ portion of the Fayetteville Shale.

November 13, 2012

Rex Energy Brings First Ohio Utica Well Online

Rex Energy Corp., which expanded its operations in Ohio’s Utica Shale earlier this year, said Wednesday it was pleased with the initial production results from its first Ohio Utica Shale well.

September 28, 2012

Shale Driving Natural Gas Production to Record Highs, EIA Says

Domestic natural gas production will be at an all-time high this year and is expected to break that record for a third consecutive year in 2013, thanks in large part to the nation’s booming shale plays, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook for September.

September 12, 2012
Pennsylvania Regulator Calls Marcellus A ‘World Class Operation’

Pennsylvania Regulator Calls Marcellus A ‘World Class Operation’

He insists he’s not supposed to be a cheerleader for the oil and gas industry he regulates, but when Scott Perry, deputy secretary of the Pennsylvania Department of Environmental Protection’s (DEP) Office of Oil and Gas Management, talks about the opportunities the Marcellus Shale has brought to his state, it’s easy to forget that distinction.

August 29, 2012

Cash, Futures Inch Higher, But Fundamentals Don’t Support a Run

Rebounding from a weak finish to the previous week, a majority of physical natural gas points around the country on Monday moved higher from a nickel to nearly 15 cents. The cash market might be able to keep the upward momentum rolling for another day if traders are swayed by the futures action Monday, which saw September gas climb 5.7 cents to close the regular session at $2.776.

August 21, 2012

Flat Rig Count Can’t Stop North Dakota’s Record Production Pace

North Dakota oil and natural gas production maintained its record pace through the end of May, according to the latest statistics from state Department of Mineral Resources Director Lynn Helms. Oil and gas production both hit all-time highs again in May.

July 24, 2012

Chesapeake Taps Former ConocoPhillips Chief to Helm Board

Archie W. Dunham, 73, the former chairman of ConocoPhillips, was tapped Thursday as Chesapeake Energy Corp.’s independent nonexecutive chairman. Dunham, who also was CEO of predecessor Conoco Inc., has had “no previous relationship” with the company, the board said.

June 22, 2012