Rights

SandRidge Lawsuit Upheld on Gas Field Misinformation

A federal district judge late last month rejected a bid by SandRidge Energy Inc. to dismiss an investor lawsuit that claims the Oklahoma City operator provided misleading information regarding natural gas drilling programs.

July 8, 2013
Chesapeake Moving from Risk-Taker to Profit-Maker

Chesapeake Moving from Risk-Taker to Profit-Maker

Chesapeake Energy Corp., the mega-operator that Aubrey McClendon built shale-by-shale, is being repurposed brick-by-brick as the company transitions from risky exploration to steady production.

July 8, 2013

Deep Panuke Still in Holding Pattern

The Deep Panuke natural gas production facility offshore Nova Scotia is “closer to natural gas production but not quite there yet,” an Encana Corp. spokeswoman said Tuesday.

July 3, 2013

California Points Score Heat-Related Gains; Futures Drift Higher

Physical natural gas prices on average gained a penny in trading for Tuesday deliveries, but California prices soared as next-day power made huge weather-driven gains. Northeast locations were also strong, but many market hubs were flat to within a couple of pennies higher or lower.

July 2, 2013

Macondo Flowed Less Oil than Government Claims, Says Expert

The Macondo well blowout spilled much less oil than the U.S. government estimates of 4.9 million bbl, according to a reservoir engineering expert hired by operator BP plc.

July 2, 2013

Cyber Attacks on U.S. Oil, Natural Gas Operators Increasing

Cyber attacks on the oil and gas industry ranging from espionage by foreign intelligence services to attempts to interrupt a company’s physical operations are posing “an increasingly challenging problem for U.S. national security and economic competitiveness,” according to a new study by the Council on Foreign Relations (CFR).

July 1, 2013

Marcellus Gas Wells — Dry or Wet — Competing with Bakken

Given current commodity prices, natural gas wells drilled in the Marcellus Shale — wet or dry — compete favorably with marginal Bakken Shale oil wells, but that’s the only gas play in the U.S. onshore that today can compete with Bakken oil well economics, according to an analysis by Barclays Capital.

July 1, 2013

NGVs On Pace to Hit 35 Million in 2020

The number of natural gas vehicles (NGV) worldwide will nearly double between now and 2020, according to a report released last week by Navigant Research. NGVs on the roadway will increase steadily from 18.2 million now to 34.9 million by 2020, Navigant said.

July 1, 2013

Bakken Effort Aims to Up Pace of BLM Permitting

With industry, a U.S. senator and North Dakota state officials all focused on robust permitting applications for oil and natural gas development in the Bakken Shale, the Bakken Federal Executives Group is the latest attempt to streamline federal processes that are criticized for being too slow.

July 1, 2013

California Bucks National Trend; July Expires Firm

Physical natural gas prices Wednesday for Thursday delivery fell an average of 8 cents nationally as double-digit, power-driven declines in the East and Northeast prompted declines in next-day gas that at some points exceeded $1.00. On the West Coast, however, prices made small advances as the independent system operator predicted high next-day power loads. At the close of trading the expiring July contract had added 6.0 cents to $3.707 and August rose 6.7 cents to $3.737. August crude oil gained 18 cents to $95.50/bbl.

June 27, 2013