Quest

The quest to discover new oil and natural gas reserves resulted last week in the most successful lease sales ever in Alaska, with producers offering a total of $2.7 billion to capture a share of drilling rights in the Chukchi Sea.

The quest to discover new oil and natural gas reserves resulted Wednesday in the most successful lease sale in Alaska, with producers offering a total of $2.7 billion to capture a share of drilling rights in the Chukchi Sea.

After climbing in morning trade, August natural gas futures bulls were aided in their quest ever so slightly Thursday as the Energy Information Administration (EIA) reported that a pedestrian 65 Bcf was injected into underground storage for the week ended July 13. As a result, the August contract worked higher to close out at $6.706, up 17.8 cents from Wednesday’s regular session finish.

A quest to revive growth in Canadian natural gas supplies by tapping the nation’s vast coal seams has spread to the Atlantic region, where a Calgary-based specialist reports initial technical success with methane drilling.

Exploration in the Gulf of Mexico (GOM) is going farther and deeper in its quest for more oil and natural gas, and the efforts are paying off, according to a report issued last week by the Minerals Management Service (MMS). By the end of 2004, gas production from the deepwater Gulf of Mexico (GOM) grew to 3.9 Bcf/d, while oil output reached 922,000 bbl/d.

Exploration in the Gulf of Mexico (GOM) is going farther and deeper in its quest for more oil and natural gas, and the efforts are paying off, according to a new report by the Minerals Management Service (MMS). By the end of 2004, gas production from the deepwater Gulf of Mexico (GOM) grew to 3.9 Bcf/d, while oil output reached 922,000 bbl/d.

Pioneer Natural Resources plans to end a quest to produce coalbed methane (CBM) in the Matanuska-Susitna Borough of Alaska, a region once thought to hold 1 Tcf of natural gas, to focus its attention on North Slope activities.

No stone is being left unturned, including the fabled Northwest Passage, in the quest to resurrect an expansion of Canadian natural gas supplies for anticipated market growth in the United States. The latest dormant plan to be taken out of industry freezers for a fresh run through serious economic study is a grand design born in the “energy crisis” era of the 1970s for icebreaking tankers to deliver liquefied gas south from Canada’s Arctic Islands.

No stone is being left unturned, including the fabled Northwest Passage, in the quest to resurrect an expansion of Canadian natural gas supplies for anticipated market growth in the United States. The latest dormant plan to be taken out of industry freezers for a fresh run through serious economic study is a grand design born in the “energy crisis” era of the 1970s for icebreaking tankers to deliver liquefied gas south from Canada’s Arctic Islands.