Ready

The natural gas potential in British Columbia has been on the radar screens of producers for years, but BP plc appears ready to sink C$1 billion in the region to unlock coalbed methane (CBM) reserves using a process it developed at its successful Wamsutter project in Wyoming.

The natural gas potential in British Columbia has been on the radar screens of producers for years, but BP plc appears ready to sink C$1 billion in the region to unlock coalbed methane (CBM) reserves using a process it developed at its successful Wamsutter project in Wyoming.

With an “arsenal of exploration prospects” ready to fire up, Apache Corp. CEO G. Steven Farris said Thursday the company expects production to grow on a pace of 6-10% over the coming year in its core operating regions, which include the U.S. Midcontinent and the Gulf of Mexico (GOM).

With an “arsenal of exploration prospects” ready to fire up, Apache Corp. CEO G. Steven Farris said Thursday the company expects production to grow on a pace of 6-10% over the coming year in its core operating regions, which include the United States Central Region and the Gulf of Mexico (GOM).

Federal and Wyoming officials are not ready to sign off on a Bureau of Land Management (BLM) plan to allow more natural gas wells to be drilled in the growing Pinedale Anticline area.

Federal and Wyoming officials are not ready to sign off on a Bureau of Land Management (BLM) plan to allow more natural gas wells to be drilled in the growing Pinedale Anticline area.

Exploration and production (E&P) companies appear ready to face natural gas price volatility this year, with average producers hedging about one-third of their gas at $7-8/Mcf, with “room for upside” should the energy markets improve, a trio of Raymond James & Associates Inc. energy analysts said last week.

Many exploration and production (E&P) companies appear ready to face natural gas price volatility this year, with average producers hedging about one-third of their gas at $7-8/Mcf, with “room for upside” should the energy markets improve, a trio of Raymond James & Associates Inc. energy analysts said in a new “Stat of the Week.”

Price movement was mixed Wednesday, but there were a lot more downs than ups as an early-week surge of colder temperatures appeared ready to acknowledge that the official start of spring is just around the corner (next week, actually). Declines not only outnumbered the gains, but also were substantially larger in many cases.