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The Energy Information Administration (EIA) is due to release a report soon that will show nationwide natural gas storage capacity has risen 100 Bcf or more since last year, but it may not be enough to help producers who, faced with the lowest gas prices in seven years, are looking at the prospect of shutting in their gas.

The Energy Information Administration (EIA) is due to release a report soon that will show nationwide natural gas storage capacity has risen 100 Bcf or more since last year, but it may not be enough to help producers who, faced with the lowest gas prices in seven years, are looking at the prospect of shutting in their gas.

Apache Corp.’s natural gas drilling results in British Columbia’s Horn River Basin show more promise than initially estimated, with the potential recovery for individual horizontal wells estimated at 10 Bcf, executives said Thursday.

Apache Corp.’s natural gas drilling results in British Columbia’s Horn River Basin show more promise than initially estimated, with the potential recovery for individual horizontal wells estimated at 10 Bcf, executives said Thursday.

Canadian export volumes, prices and revenues all fell sharply in the first half of the 2008-2009 natural gas contract year, show trade records kept by the National Energy Board (NEB).

Canadian export volumes, prices and revenues all fell sharply in the first half of the 2008-2009 natural gas contract year, show trade records kept by the National Energy Board (NEB).

Publicly traded U.S. natural gas producers continued to show gains in 4Q2008, boosting output by 3.5% year/year (y/y), despite disruptions from hurricanes Gustav and Ike, a survey by Raymond James & Associates Inc. has found.

Publicly traded U.S. natural gas producers continued to show gains in 4Q2008, boosting output by 3.5% year/year (y/y), despite disruptions from hurricanes Gustav and Ike, a survey by Raymond James & Associates Inc. has found.

Responses to a recent survey of oil and gas industry executives by Grant Thornton LLP show that 92% of respondents believe that prices of $8/MMBtu or more are needed to increase domestic drilling activity more than 20% over last year. However, the average 2009 price expectation for the group is $6.98/Mcf.