Reported

Pennsylvania’s Department of Environmental Protection (DEP) on Monday concluded a 16-month investigation by announcing that high levels of methane found in three water wells in Franklin Township in Susquehanna County “cannot be attributed to natural gas drilling activity in that geographical area.”

EQT Corp.’s decision to focus development operations in the Marcellus Shale appears to be paying off, as the company reported last Thursday that 1Q2013 production sales volumes increased by 47% over last year’s quarter, with production sales volumes from the Marcellus alone increased by 103%.

ExxonMobil Corp. on Thursday reported lower U.S. natural gas production year/year in the first quarter, as the super major shifted rigs from dry gas to liquids targets. However, with more North American gas prospects than any other, the company stands ready to react if conditions dictate, investors relations chief David Rosenthal said Thursday.

Los Angeles-based Occidental Petroleum Corp. (Oxy) set a record U.S. production at 478,000 boe/d in 1Q2013, its 10th consecutive record quarter, Oxy officials reported Thursday during a conference call with analysts. Income from continuing operations during the quarter was down slightly from the same period last year ($1.4 billion, or $1.69/diluted share, vs. $1.6 billion, or $1.92/diluted share, in 1Q2012), they said.

EQT Corp.’s decision to focus development operations in the Marcellus Shale appears to be paying off as the company reported Thursday that 1Q2013 production sales volumes increased by 47% over last year’s quarter and that production sales volumes from the Marcellus alone increased by 103%.

North Dakota regulators reported a decline in month-over-month production for both oil and gas in January, and weather conditions attributed to the drop may keep production down well into May, according to Lynn Helms, director of the Department of Mineral Resources (DMR).

Increased natural gas sales by BP plc weren’t enough to overcome mild winter-sparked decreases reported by several other big name companies, resulting in a 4% (5.86 Bcf/d) decline in gas sales transactions in 4Q2012 (135.01 Bcf/d) compared with 4Q2011 (140.87 Bcf/d)… read more

In a reversal not seen for a number of months, North Dakota oil/natural gas officials on Friday reported a decline in month-over-month production for both oil and gas in January, and some of the sour weather conditions attributed to the drop may keep production down well into May, according to Lynn Helms, director of the state Department of Mineral Resources (DMR).

In a reversal not seen for a number of months, North Dakota oil/natural gas officials on Friday reported a decline in month-over-month production for both oil and gas in January, and some of the sour weather conditions attributed to the drop may keep production down well into May, according to Lynn Helms, director of the state Department of Mineral Resources (DMR).