Driven by the Bakken Shale play, North Dakota’s oil and natural gas production continued to soar in May, but well completion rates were slowing amid a continued boom for drilling new wells, according to the latest monthly report from the state’s Department of Mineral Resources (DMR).
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California’s SONGS Closure Means More Gas Generation
As California and utility energy strategists have expected, natural gas for power generation could jump this summer if temperatures soar, following action by federal regulators Tuesday to keep Southern California Edison Co.’s (SCE) San Onofre Nuclear Generating Station (SONGS) closed infinitely, pending work on equipment failures at the 2,200 MW, two-unit facility.
North Dakota Oil Production Surpasses California’s
Preliminary data released indicates that North Dakota oil and gas production continued to soar in January and the state now ranks third nationally in average daily oil production, surpassing California and following only Texas and Alaska. With the Bakken formation, North Dakota continues to ride the shale boom.
USGS: 18 Tcf of North Slope Gas Possible at $8/Mcf
Approximately 18 Tcf of undiscovered gas would be economically recoverable from the National Petroleum Reserve in Alaska (NPRA) at a market price of $8/Mcf or more, and the amount would soar to 32 Tcf if the market price were to increase to $10/Mcf or more, according to an assessment by the U.S. Geological Survey (USGS).
State, Local Leaders Boost Gas as Vehicle Fuel
As gasoline pump prices continue to soar, proponents for more natural gas use as a transportation fuel are popping up around the nation, using environmental and economic drivers to promote their cause. Cities including Chicago and gas-rich states like Texas and Wyoming are getting in on the act.
Bastardi Warns of Even Colder Winters to Come
Natural gas inventories could become a lot tighter and prices could soar much higher in the coming winters if predictions from AccuWeather.com Chief Long Range Forecaster Joe Bastardi prove true.
Bastardi Warns of Even Colder Winters to Come
Natural gas inventories could become a lot tighter and prices could soar much higher in the coming winters if predictions from AccuWeather.com Chief Long Range Forecaster Joe Bastardi prove true.
U.S. Onshore Lifts Weatherford Profits
The U.S. land market helped Weatherford International Ltd.’s earnings soar in 2Q2010, lifted by increased oilfield services work in unconventional natural gas and oil plays, the company reported Tuesday.
Northeast Soars on Blizzard Forecast; Most Points Softer
Prices continued to soar at Northeast citygates Thursday as a major winter storm was targeting that region and the Mid-Atlantic going into the weekend. But with temperatures remaining merely cold in the Midwest and still refusing to go below freezing in the South and much of the West outside the Rockies, the rest of the market was flat to moderately lower.
Northeast Soars on Blizzard Forecast; Most Points Softer
Prices continued to soar at Northeast citygates Thursday as a major winter storm was targeting that region and the Mid-Atlantic going into the weekend. But with temperatures remaining merely cold in the Midwest and still refusing to go below freezing in the South and much of the West outside the Rockies, the rest of the market was flat to moderately lower.