Robert Douglas Lawler, 46, one of Anadarko Petroleum Corp.’s top exploration and production (E&P) executives, last week was tapped to be CEO and president of Chesapeake Energy Corp.
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Gas Storage Capacity Grew by 2%, EIA Says
The capacity of underground natural gas storage facilities increased by about 2% from November 2011 to November 2012, the Energy Information Administration (EIA) said in a new report. The increase was seen in both demonstrated maximum and design capacities.
EPA Studies Correlation Between Disposal Wells, Earthquakes
A wide variety of outcomes are possible when contemplating the likelihood that an oil or natural gas injection well could increase the chance of seismic activity, including the possibility of not operating the well at all, according to a draft report by a U.S. Environmental Protection Agency’s (EPA) workgroup.
EQT Achieves 1 Bcfe/d in Appalachian Output
Hours ahead of EQT Corp.’s second quarter conference call on Thursday, the company tied into sales its first Utica Shale well, the CEO said.
Oneok Spinning Off Gas Distribution Business
Oneok Inc. plans to spin off its natural gas distribution business to create ONE Gas Inc., which would be one of the largest gas utilities in the United States with more than two million customers in three states and the only publicly traded, 100% regulated, pure-play gas distribution utility.
World Energy Use to Increase 56% by 2040, NatGas by 64%
World energy consumption will increase by 56% between 2010 and 2040, driven largely by increased demand from developing countries, according to the International Energy Outlook 2013 (IEO2013), which was released last Thursday by the Energy Information Administration (EIA). It sees global natural gas demand increasing by 64%.
Chesapeake Gets Ratings Boost from S&P
Standard & Poor’s Ratings Services (S&P) on Friday revised its outlook for Chesapeake Energy Corp. to “stable” from “negative,” citing the new CEO as part of the reason. Former Anadarko Petroleum Corp. executive Doug Lawler took over in June (see NGI, May 27).
Western U.S. to Bake Through Summer’s End, WSI Says
Most of the United States — and particularly parts of Texas and the Northeast — can expect above-normal temperatures through October, but the Southeast may see some relief from the worst of summer heat, according to forecasters at Weather Services International (WSI). The forecaster also trimmed the number of tropical storms it expects to form in the Atlantic Basin this year.
Uncertainty Stalling Northwest NatGas Demand Growth
Industry executives who recently offered Oregon regulators an updated natural gas outlook for the Pacific Northwest said they see faint signs of potential added gas-fired industrial loads taking shape, but flat near-term demand projections nevertheless dominated their forecasts.
Record Production for Range in 2Q, Earns $144M
Bolstered by record production, especially in the southwest Pennsylvania portion of the Marcellus Shale, and revisions to its estimated ultimate recovery (EUR) curves, Range Resources Corp. reported net earnings of nearly $144 million for the second quarter of 2013.