Despite the fact that some producers are increasing their dry natural gas shut-ins and retooling their operations to go after liquids, the industry is still facing a supply glut problem, which could be exacerbated later this summer as storage room becomes scarce. As a result, cash prices could easily slip back below $2, according to Evergreen, CO-based Bentek Energy.
Shut
Articles from Shut
Chevron Works to Minimize Dry Gas Production
Chevron Corp. has not shut in any natural gas wells within its U.S. onshore portfolio, but it is “working to minimize dry gas as much as we possibly can,” CFO Pat Yarrington said Friday.
April 30, 2012
Chevron Working to Minimize Dry Gas Production
Chevron Corp. has not shut in any natural gas wells within its U.S. onshore portfolio, but it is “working to minimize dry gas as much as we possibly can,” CFO Pat Yarrington said Friday.
April 30, 2012
ExxonMobil Still Bullish on Natural Gas
ExxonMobil Corp., the largest natural gas producer in North America, is well aware of the economics in drilling U.S. and Canadian dry natural gas wells today. But it has no plans now to shut in any gas wells, the investor relations chief said last week.
February 6, 2012
ExxonMobil Still Bullish on North American Natural Gas
ExxonMobil Corp., the largest natural gas producer in North America, is well aware of the economics in drilling U.S. and Canadian dry natural gas wells today. But it has no plans now to shut in any gas wells, the investor relations chief said Tuesday.
February 1, 2012
Analysts: Global LNG Supplies Slashed if Hormuz Blocked
As tensions between Iran and the western world increase, the country’s threat to shut down the Strait of Hormuz weighs increasingly on energy markets. While most of the attention has focused on what a closure would mean for oil transport, analysts at Raymond James & Associates Inc. said last week on a percentage basis, the implications would be greater for liquefied natural gas (LNG) shipments.
January 16, 2012
Analysts: Japan Would Take Biggest Hit if Hormuz Blocked
As tensions between Iran and the western world increase, the country’s threat to shut down the Strait of Hormuz weighs increasingly on energy markets. While most of the attention has focused on what a closure would mean for oil transport, analysts at Raymond James & Associates Inc. said Monday on a percentage basis, the implications would be greater for liquefied natural gas (LNG) shipments.
January 10, 2012
Industry: We’re On Solid Ground Despite Ohio Quakes
Despite the decision by the Ohio Department of Natural Resources (ODNR) to shut down a wastewater disposal well in Youngstown, industry backers are confident the decision will not have an impact on the emerging oil and gas industry in Ohio’s portions of the Marcellus and Utica shales.
January 5, 2012
Transportation Notes
Due to a possible leak, ANR has shut in the offshore Garden Banks 426 receipt point until further notice.
November 16, 2011
Transportation Notes
Citing a possible leak, ANR said it is performing an unplanned pipe inspection on its 747 Line that requires the shut-in of four South Marsh Island meters offshore Louisiana.
October 25, 2011
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
