Both oil and natural gas drilling activity slid in the first quarter from the same period a year ago, but the American Petroleum Institute (API) said Friday it expects to see an improvement in the second quarter.
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API: Gas Drilling Down in First Quarter
Both oil and natural gas drilling activity slid in the first quarter from the same period a year ago, but the American Petroleum Institute (API) said Friday it expects to see an improvement in the second quarter.
API: Gas Drilling Down in First Quarter
Both oil and natural gas drilling activity slid in the first quarter from the same period a year ago, but the American Petroleum Institute (API) said Friday it expects to see an improvement in the second quarter.
Enron Shareholder Lawsuit Quietly Ends
Enron Corp. slipped deeper into the history books last Wednesday after the remaining defendants, including former CEO Jeffrey Skilling, were dismissed in an eight-year-old lawsuit filed by shareholders and investors against the bankrupt trader’s financial institutions.
Enron Shareholder Lawsuit Quietly Dismissed
Enron Corp. slipped deeper into the history books last Wednesday after the remaining defendants, including former CEO Jeffrey Skilling, were dismissed in an eight-year-old lawsuit filed by shareholders and investors against the bankrupt trader’s financial institutions.
Futures Sift Lower as Fundamentals Remain Bleak
Natural gas futures slipped lower for the third straight session Monday as the bullish triumvirate — hurricanes, inflation and short-covering — was no match for the continued and undeniable reality of a bearish supply picture. The September contract closed at $3.641, down 3.3 cents for the session and well off the $4.045 high notched just a week ago.
Gas Rig Count at Seven-Year Low
The domestic natural gas rig count as of Friday had slipped to its lowest level in more than seven years, according to a report by Baker Hughes Inc. (BHI).
API: Natural Gas Drilling Sees Severest Quarterly Drop in Decade
Domestic oil and natural gas drilling in the second quarter fell by nearly 50% from the same period a year ago, with gas activity taking the biggest hit in 10 years, the American Petroleum Institute (API) reported Monday. The three-month decline was more than double the percentage drop (22%) witnessed in the first quarter (see Daily GPI, April 16).
Gas Marketing Slightly Down in 4Q2008 — But Big Names Got Bigger
Despite the economic recession and significant turnover among the players, the total volume of natural gas sold in North America slipped only about 1 Bcf/d, and two top companies were able to increase their sales, according to NGI’s 4Q2008 Top North American Gas Marketers Ranking. Overall sales for full-year 2008 increased more than 2% over 2007.
Gas Marketing Slightly Down in 4Q2008 — But Big Names Got Bigger
Despite the economic recession and significant turnover among the players, the total volume of natural gas sold in North America slipped only about 1 Bcf/d, and two top companies were able to increase their sales, according to NGI’s 4Q2008 Top North American Gas Marketers Ranking. Overall sales for full-year 2008 increased more than 2% over 2007.