The GRI’s latest report indicates producers won’t run out ofwork anytime soon in the Western Canadian Sedimentary Basin (WCSB),which is estimated to have 166 Tcf in new pool potential and a 31.4Tcf reserve appreciation potential. Because of these positiveestimates, the GRI said the region could surpass 8 Tcf ofproduction by 2015.
Producers
Articles from Producers
Transportation Notes
Public Service Co. of Colorado will limit production behindBaxter Point to 3 MMcf/d April 24-May 7. Affected producers arebeing notified.
Forget Scrubbers; TransAlta Turns to Curbing Cow Flatulence
While Canadian natural-gas producers scramble to find newsupplies to fill their expanding pipeline grid, their leading peerin the electricity sector is laboring to get rid of the stuff – bycurbing flatulence in cattle.
Texaco VP Touts New Exploration Focus
As it jiggers its exploration and production portfolio, Texaco,like its brethren among major producers, is turning away from theUnited States and focusing on the international arena. However, thedeep-water Gulf of Mexico still shines like a new diamond, and thecompany also has professed a desire to become more weighted tonatural gas.
Texaco VP Touts New Exploration Focus
As it adjusts its exploration and production portfolio, Texaco,like its brethren among major producers, is turning away from theUnited States and focusing on the international arena. However, thedeep-water Gulf of Mexico still shines like a new diamond, and thecompany also has professed a desire to become more weighted tonatural gas.
Major Producers Enjoy 4Q Gas Price Recovery
Higher oil and gas prices spurred industry leaders ExxonMobiland Chevron to large leaps in fourth quarter 1999 earnings over thedepressed 4Q 1998. The two companies reported fourth quarterrealized U.S. natural gas prices up about 50 cents/Mcf over 4Q 1998and the full year average up about 15 cents over 1998. Unocal,Texaco and Conoco also enjoyed significant price appreciationfourth quarter over fourth quarter, although not as much gainyear-to-year.
Equitable Buys Statoil’s Appalachian Assets
Equitable Resources ascended to the throne of Appalachian basinproducers last week by agreeing to purchase all of Statoil Energy’sassets in the region for $630 million. The deal is expected to becompleted next month, Statoil said.
Equitable Buys Statoil’s Appalachia Assets
Equitable Resources ascended to the throne of Appalachian basinproducers yesterday by agreeing to purchase all of Statoil Energy’sassets in the region for $630 million. The deal is expected to becompleted next month, Statoil said.
Batten Down the Hatches This Hurricane Season
If government predictions are correct, Gulf of Mexico producerscould be shutting in more rigs and shuttling more workers to safetythis hurricane season than last.
New Hurricane Season Could Blow Away Last
If government predictions are correct, Gulf of Mexico producerscould be shutting in more rigs and shuttling more workers to safetythis hurricane season than last.