Steadily

Three of the top four natural gas marketers reported volume declines compared with the year-ago period, and 24 leading companies had total sales transactions of 123.44 Bcf/d in 2Q2011, a 3.50 Bcf/d (3%) decrease from the 126.94 Bcf/d they transacted in 2Q2010, according to NGI’s 2Q2011 Top North American Gas Marketers Ranking.

Three of the top four natural gas marketers reported volume declines compared with the year-ago period, and 24 leading companies had total sales transactions of 123.44 Bcf/d in 2Q2011, a 3.50 Bcf/d (3%) decrease from the 126.94 Bcf/d they transacted in 2Q2010, according to NGI’s 2Q2011 Top North American Gas Marketers Ranking.

A rush for liquids-rich natural gas and tight oil embedded in dense rock formations, using shale drilling methods imported from the United States, is bailing the Alberta government out of sinking deeply into the red.

Lower 48 and Canadian natural gas production has fallen steadily for the past two years and has become a “shrinking part of the portfolio” for ConocoPhillips, CFO Jeff Sheets said Wednesday.

New York Gov. David Paterson’s proposed plans to lay off hundreds of state employees could be scuttled at the Department of Environmental Conservation (DEC)if permitting fees from new Marcellus Shale wells were dedicated to staffing, the Independent Oil & Gas Association of New York (IOGA) said Monday.

With demand and corresponding infrastructure projected to grow steadily, the outlook for natural gas in the Pacific Northwest is fit and looking at a potentially bright future, according to the latest annual report from the Northwest Gas Association (NWGA). The “2010 Outlook” offers an assessment of demand, supply and capacity in the region through October 2019.

With demand and corresponding infrastructure projected to grow steadily, the outlook for natural gas in the Pacific Northwest is fit and looking at a potentially bright future, according to the latest annual report from the Northwest Gas Association (NWGA). The “2010 Outlook” offers an assessment of demand, supply and capacity in the region through October 2019.

With steadily improving efficiencies in the drilling of onshore natural gas wells, most operators will earn a “decent living” if gas prices average around $5/Mcfe “and the others will adapt…or fade away,” analysts with Raymond James & Associates Inc. said last week. Credit Suisse analysts also are pessimistic about gas price gains in 2010, and meanwhile, the FitchRatings credit ratings team lowered its gas price estimates to around $4 for the coming year.

With steadily improving efficiencies in the drilling of onshore natural gas wells, most operators will earn a “decent living” if gas prices average around $5/Mcfe “and the others will adapt…or fade away,” analysts with Raymond James & Associates Inc. said this week.