Stabilized

Calgary-based Talisman Energy Inc. last year cut debt by $750 million, stabilized its balance sheet and is now focused on two core areas: the Americas and the Asia-Pacific region, said CEO Hal Kvisle.

New wells in the nation’s shale plays helped push natural gas production higher in Texas and some other states in August, but it wasn’t enough to keep the U.S. total from sliding to 76.60 Bcf/d, a 3.4% decline compared with 79.33 Bcf/d in July, according to the Energy Information Administration’s (EIA) latest Monthly Natural Gas Gross Production report.

Santos turned on Australia’s first commercial shale gas production last Friday at the company’s Moomba-191 well in the Cooper Basin.

The global economy has stabilized or is improving, which will lead to more investments and job growth in 2012 for the oil and gas industry, according to a majority of energy executives surveyed by Ernst & Young LLP.

The global economy has stabilized or is improving, which will lead to more investments and job growth in 2012 for the oil and gas industry, according to a majority of energy executives surveyed by Ernst & Young LLP.

With the onshore oil rig count “on fire,” Raymond James & Associates Inc. on Monday raised its U.S. onshore rig forecast for 2011 by 3% and initiated a 2012 forecast that is 9% higher year/year (y/y).

Canadian natural gas export volumes have stabilized at reduced levels left by the 2008-2009 economic contraction, and prices and revenues show signs of regaining lost ground, according to trade figures from Canada’s National Energy Board (NEB).

Canadian natural gas export volumes have stabilized at reduced levels left by the 2008-2009 economic contraction, and prices and revenues show signs of regaining lost ground, according to trade figures from Canada’s National Energy Board (NEB).

Saying linepack on upstream pipelines had stabilized, Southwest Gas lifted Wednesday the Stage 1 OFO it had issued Monday and told transportation customers that the normal nominating and scheduling process was being resumed effective with Wednesday’s gas day. Despite the linepack improvement, Southwest said it encourages customers to ensure that actual takes match scheduled supplies.