Strong

Despite some fall-off in overall sales, Houston-based CARBO Ceramics Inc. Thursday said it continues to see strong ceramic proppant sales volumes in the active major shale plays such as the Eagle Ford, Permian and Bakken.

The largest oilfield supplier in North America is seeing strong demand for its products and services in the deepwater and overseas, but the U.S. natural gas and oil onshore drilling market is going nowhere today.

The energy outlook in the United States has “fundamentally changed” because of the revolution in unconventional natural gas and oil production, generating strong job creation, economic growth and government revenues, IHS Inc. said in a new report.

The U.S. energy outlook is “fundamentally changed” because of the revolution in unconventional natural gas and oil production, generating strong job creation, economic growth and government revenues, IHS Inc. said Tuesday.

Consol Energy Inc. said Monday that although it reported lower natural gas production for 3Q2012 compared to one year ago, the figure was misleading because of reporting adjustments and its decision in September to idle a southern Virginia coal mine that produced associated gas.

Cash quotes overall averaged 4 cents higher Tuesday, and the gains were led by strong performances at Midwest and West Coast locations. The gains were widespread with smaller rises reported at Midcontinent and Gulf Coast points.

The strong resurgence in exploration and production (E&P) activity in the deepwater Gulf of Mexico (GOM) puts the offshore region well on its way to a “new equilibrium” in 2013, according to Wood Mackenzie.

The strong resurgence in exploration and production (E&P) activity in the deepwater Gulf of Mexico (GOM) puts the offshore region well on its way to a “new equilibrium” in 2013, according to new research by Wood Mackenzie.

South Jersey Energy has bought the retail marketing book of Pennsylvania customers from CenterPoint Energy Services, acquiring “a strong book of business that fits well with its northeast footprint,” South Jersey said. The more than 1,000 commercial and industrial customers acquired are primarily retail natural gas sales within the utility service areas of UGI, Columbia Gas of Pennsylvania, PECO Energy and Equitable.”This sale was made possible by significant changes in Pennsylvania’s competitive landscape,” South Jersey said. “Natural gas production in the Marcellus Shale has expanded dramatically, and the state’s electricity market is fully deregulated. This market supports [parent company South Jersey’s Industries’] existing wholesale gas sales efforts in the Marcellus Shale.”