Spring

Permian Basin pure-play Centennial Resource Development Inc., which under the tutelage of former EOG Resources Inc. chief Mark Papa snapped up a tantalizing set of properties in West Texas last year, expects total output to soar in 2017 by 191%, the Denver-based explorer said Thursday.

The National Oceanic and Atmospheric Administration (NOAA) said temperatures are expected to be below normal this spring for about half of the Lower 48 states, but they will be above normal for the other half plus Alaska.

Mexco Energy Corp. and Concho Resources Inc. have struck an agreement to develop the Bone Spring formation with horizontal drilling and multistage hydraulic fracturing (fracking).

Spring has brought out the Colorado frack fanatics on both sides of the growing hydraulic fracturing (fracking) debate as evidenced by the “Showdown of the Century” scheduled Wednesday in Boulder, CO, when pro- and anti-fracking documentaries and their writer/directors meet head-to-head (almost).

A cold beginning to spring that resulted in a tepid start to the natural gas storage refill season has analysts at the Energy Information Administration (EIA) once again revising their natural gas price forecasts upward for the rest of 2013 and 2014.

A cold beginning to spring that resulted in a tepid start to the natural gas storage refill season has analysts at the Energy Information Administration (EIA) once again revising their natural gas price forecasts upward for the rest of 2013 and 2014. The government agency added that strong onshore production growth will offset Gulf of Mexico declines in both years.

A cold beginning to spring that resulted in a tepid start to the natural gas storage refill season has analysts at the Energy Information Administration (EIA) once again revising their natural gas price forecasts upward for the rest of 2013 and 2014.

Natural gas cash prices made a mid-spring advance of 4 cents overall Tuesday as a forecast influx of winter-like cold and snow was expected to pummel the nation’s midsection. The largest price increases were seen in the Midwest and Midcontinent, and California and the Gulf also registered gains. New England was flat to lower, and eastern prices made a nominal advance. At the close of futures trading, June had eased 4.9 cents to $4.343 and July was off 4.7 cents to $4.394. June crude oil fell $1.04 to $93.46/bbl.

Mississippi Gov. Phil Bryant on Tuesday signed into law several energy bills that were passed by state lawmakers this spring, including one piece of legislation that should encourage more development in the emerging Tuscaloosa Marine Shale (TMS), as well as other unconventional oil and natural gas formations.