Prone

Computers are prone to viruses and sometimes crash, but Americans mostly like the computer industry. However, the yo-yo nature of gasoline prices is something they can’t abide, according to a recent Gallup poll that found the oil and gas industry and the federal government have the “least positive images” among Americans, just like they did a year ago.

Matador Resources Co. is moving forward with its plan to target the wet gas and oil-prone Eagle Ford Shale of South Texas this year while ramping down development of its dry gas Haynesville Shale acreage in North Louisiana, the Dallas-based company said Tuesday.

Encana Corp. is hunkering down with a reduced spending plan for 2012 in dry natural gas plays and a shift to investments to liquids and oil-prone unconventionals in North America, CEO Randy Eresman said last week.

Encana Corp. is hunkering down with a reduced spending plan for 2012 in dry natural gas plays and shifting more investments to liquids and oil-prone unconventionals in North America, CEO Randy Eresman said Wednesday.

June natural gas futures continued to drop Friday as traders now see the market at a level more prone to reflect value but still poised to move lower in the near term. At the close June had weakened 2.6 cents to $4.235 and July had dropped 3.4 cents to $4.297. June crude oil continued its descent, losing $2.62 to $97.18/bbl.

Plans are forming for a dramatic revival of Arctic offshore exploration in deep Canadian waters of the ice-infested, natural gas-prone Beaufort Sea with a new generation of jumbo polar-class drilling equipment, according to evidence filed with the National Energy Board (NEB).

Plans are forming for a dramatic revival of Arctic offshore exploration in deep Canadian waters of the ice-infested, natural gas-prone Beaufort Sea with a new generation of jumbo polar-class drilling equipment, according to evidence filed with the National Energy Board (NEB).

Plans are forming for a dramatic revival of Arctic offshore exploration in deep Canadian waters of the ice-infested, natural gas-prone Beaufort Sea with a new generation of jumbo polar-class drilling equipment, according to evidence filed with the National Energy Board (NEB).

Canada’s storm-prone center of fossil-fuel production readily accepts the theory that the climate is changing, but highly educated Albertans stop far short of accepting the full global warming gospel even when their anonymity is guaranteed. Only about one in three Alberta earth scientists and engineers believe the culprit behind climate change has been identified, a new poll of the professions reported.