Statistical

The pace of development in the Eagle Ford Shale in South Texas is fast and steady, yet “the [stock] market continues to not appreciate the statistical and predictable nature of the learning curve” in the play, said analysts at FBR Capital Markets. They noted that in other shale plays, more wells have equaled greater knowledge, which has yielded predictable productivity gains.

For the fourth consecutive year, global natural gas production grew in 2006 above the 10-year average, according to the BP Statistical Review of World Energy 2007. BP, which reviewed oil and gas output and consumption data through the end of last year, documented a 26.3 billion-cubic-meter (Bcm) gas inventory build in the United States, the European Union and Russia alone.

For the fourth consecutive year, global natural gas production grew in 2006 above the 10-year average, according to the BP Statistical Review of World Energy 2007. BP, which reviewed oil and gas output and consumption data through the end of last year, documented a 26.3 billion-cubic-meter (Bcm) gas inventory build in the United States, the European Union and Russia alone.

The world’s overall energy consumption grew by 4.3% in 2004, and natural gas consumption was up by 3.3%, according to BP’s Statistical Review of World Energy 2005. The report, issued Tuesday, said gas use last year was above the 10-year average of 2.6% growth, but all of the increase was outside North America.