U.S. natural gas marketers were in the midst of a full tactical retreat in the second quarter, with only seven of 24 companies reporting higher numbers compared with the same quarter last year, resulting in an 11% (14.82 Bcf/d) overall decline in gas sales transactions in 2Q2013 compared with 2Q2012, according toNGI’s 2Q2013 Top North American Gas Marketers Ranking.
Articles from Q2
U.S. oil and natural gas mergers and acquisition activity (M&A) plunged in the second quarter from the first three months of 2012, with divestitures driving activity, according to PwC US.
The Eagle Ford Shale was the star of SM Energy Co.’s second quarter production story. The Denver-based company grew its average daily operated production in the oily play by 92% over the year-ago quarter. SM Energy is gaining on efficiencies and driving down costs in the South Texas play, executives told analysts following the company.