Producers

Though often overshadowed by its Permian cousin to the south, the Anadarko Basin, with its stacked reservoirs, is generating plenty of buzz in its own right heading into 2017.

An article in the Oct. 10 edition of NGI’s Shale Daily, “Southwestern’s Fayetteville Assets Still Struggling to Compete with Appalachia,” incorrectly stated that Southwestern Energy Co. was West Virginia’s largest liquids producer and its third largest gas producer in 2015. According to an analysis of state production data by the West Virginia Geological and Economic Survey (WVGES), Southwestern was the state’s largest Marcellus liquids producer, reporting 2.5 million bbl of oil and natural gas liquids last year. It was the state’s third largest Marcellus gas producer, reporting 111.3 Bcf, according to WVGES.

A winter expected to be 12% colder than last year’s and increased industrial demand have brightened the prospects for natural gas producers heading into the official start of winter at the end of the month, according to the Natural Gas Supply Association (NGSA).

The wellhead economics are not that different across the entire U.S. onshore, but how individual producers are digging in has made all the difference, according to a deep dive by BTU Analytics LLC.

Canada’s chief natural gas-producing province is feeling the heat of competition from low-cost U.S. shale gas.

Ohio’s local collection of the taxes producers pay on their oil and natural gas reserves has changed slightly in a move that could mean increased burdens for some producers that contest the value of their assets and the taxes they must pay on them.

If Congress repealed three tax preferences for oil and natural gas producers, domestic gas drilling could decline by about 11%, depending on gas prices, and domestic gas prices could increase 7-10% by 2030, according to a paper published by the Council on Foreign Relations.

It isn’t clear when the Pennsylvania Department of Environmental Protection (DEP) will begin again with an overhaul of environmental regulations for the state’s ailing conventional industry after the General Assembly approved legislation last month to scrap a package that took more than five years to draft.

Alaska Gov. Bill Walker is attempting to push ahead commercialization of North Slope natural gas reserves by holding back, at least for awhile, a necessary plan of development (POD) approval of the oil-producing Prudhoe Bay Unit (PBU), which is operated by BP Exploration (Alaska).