Reduced

Consol Energy Inc. has reduced a planned build-up of its horizontal rig fleet in the Marcellus Shale due to low natural gas prices, the Appalachian Basin player said Thursday.

Consol Energy Inc. has reduced a planned build-up of its horizontal rig fleet in the Marcellus Shale due to low natural gas prices, the Appalachian Basin player said Thursday.

Canadian natural gas export volumes have stabilized at reduced levels left by the 2008-2009 economic contraction, and prices and revenues show signs of regaining lost ground, according to trade figures from Canada’s National Energy Board (NEB).

Canadian natural gas export volumes have stabilized at reduced levels left by the 2008-2009 economic contraction, and prices and revenues show signs of regaining lost ground, according to trade figures from Canada’s National Energy Board (NEB).

Williams said Tuesday it had reduced the pressure in its leaking storage cavern in Eminence, MS, to allow gas to be flared rather than vented into the atmosphere. The facility serves Williams’ Transco pipeline.

U.S. exploration and production (E&P) companies that have taken a shine to the oily shale plays are boosting their capital expenditures (capex) in 2011, while the gas-focused shale operators are reining in the spending, according to a survey by Barclays Capital.

El Paso will be working on the Gallup C Station scrubber filters Dec. 1-2. From an estimated base of 2,880 MMcf/d for San Juan Basin and San Juan Mainline, capacity will be reduced by 295 MMcf/d each day, the pipeline said.

Lower natural gas prices will have an effect on National Fuel Gas’ (NFG) bottom line in 2011, but the company will continue to ramp up its drilling operations in the Marcellus Shale during the year, CEO David F. Smith said during a conference call with financial analysts Friday.

The value of global oil and gas deals reached $85 billion during 3Q2010, but U.S. shale gas deals in the quarter lost the momentum from the first half of the year, according to a survey by Evaluate Energy Inc., which tracks global merger and acquisition (M&A) activity on a daily basis.