Reshaped

The coming to prominence of natural gas and oil resource plays in the United States has reshaped the outlook for the country’s energy future and reconfigured the view for producers and capital markets as well, speakers at a Houston energy conference said.

The natural gas market is in “good shape” as it heads into the 2010-2011 winter heating season due to the influx of shale gas, which has reshaped the industry, and the addition of new pipeline capacity to access the lower-priced supplies, said a FERC analyst Thursday.

A handful of economic, market and meteorological factors have reshaped the outlook for natural gas liquids (NGL), building stocks of ethane in the face of an evaporating market and potentially adding to downward pressure on natural gas prices in the first quarter should the coming winter be one of modest temperatures.

A handful of economic, market and meteorological factors have reshaped the outlook for natural gas liquids (NGL), building stocks of ethane in the face of an evaporating market and potentially adding to downward pressure on natural gas prices in the first quarter should the coming winter be one of modest temperatures.

Anadarko Petroleum Corp. CEO Jim Hackett said last week the company’s reshaped portfolio will prove its worth this year, and even with no new exploration success, more than 200 MMboe in reserves will be booked. The company expects to add 100 MMboe from the Rockies, more than 50 MMboe from other U.S. onshore and Gulf of Mexico (GOM) properties, and 50 MMboe from the Peregrino play in Brazil.

Anadarko Petroleum Corp. CEO Jim Hackett said Tuesday the company’s reshaped portfolio will show its worth this year, and even with no new exploration success, the company still will book more than 200 MMboe in reserves. The company expects to add 100 MMboe from the Rockies, more than 50 MMboe from other U.S. onshore and Gulf of Mexico (GOM) properties, and 50 MMboe from the Peregrino play in Brazil.