Producers

Natural gas prices may not be attractive enough for some producers, but Encana Corp.’s management team said it’s possible to make enough money in the Haynesville Shale to justify a five-rig program this year.

Worldwide production of shale oil has the potential to reach 14 million b/d by 2035, about 12% of the world’s total oil supply, prompting a 25-40% decline in oil prices, according to a report issued Thursday by PwC.

Natural gas prices will stay stable in a low range for the next five years across North America, and Canadian producers will suffer the most, the Calgary capital of the western industry heard last week.

Natural gas prices will stay stable in a low range for the next five years across North America, and Canadian producers will suffer the most, the Calgary capital of the western industry heard Wednesday.

WPX Energy Inc. said its first horizontal test well targeting the Niobrara formation in western Colorado’s Piceance Basin has produced encouraging results, with the potential of more than doubling its proved, probable and possible (3P) reserves.

An updated study of Texas water use has found that oil and natural gas producers are using more water for hydraulic fracturing (fracking), but they’re also recycling more, making it important to distinguish between water “use” and “consumption.”

Tradition Midstream LLC said it has secured $100 million in equity financing to develop infrastructure across North America, with an initial focus on unconventional plays in Texas, Oklahoma and Louisiana.

Producers gored natural gas prices with the drillbit and have done the same to natural gas liquids (NGL) prices. Ethane rejection — seen last year in the Rockies and Midcontinent — could be “widespread” this year, and the Northeast could see gas production shut-ins as pipeline specification limits are tested, according to a midstream outlook prepared by U.S. Capital Advisors.

Producers gored natural gas prices with the drillbit and have done the same to natural gas liquids (NGL) prices. Ethane rejection — seen last year in the Rockies and Midcontinent — could be “widespread” this year, and the Northeast could see gas production shut-ins as pipeline specification limits are tested, according to a midstream outlook prepared by U.S. Capital Advisors.