Despite sharply higher gas prices and an apparent struggle to maintain adequate supply levels, gas producers have more than enough reservoir targets and they are continuing to expand the nation’s gas resource base, according to a biennial report released yesterday by the Potential Gas Committee (PGC). However, committee officials warned that some energy policy changes are needed for the industry to continue expanding the resource and to meet burgeoning demand.
Struggle
Articles from Struggle
Producers’ Struggle Expected to Continue in 2001
The IPAA’s Supply and Demand Committee said a rig and drilling workforce shortage is seriously hindering a supply response to soaring gas prices, and the problem is likely to continue in 2001.
December 25, 2000
Producers’ Struggle Expected to Continue in 2001
The IPAA’s Supply and Demand Committee said a rig and drillingworkforce shortage is seriously hindering a supply response tosoaring gas prices, and the problem is likely to continue in 2001.
December 19, 2000
Regulators Struggle to Keep Up with Powder River Growth
The rapid pace of development in the Powder River Basin ofWyoming and Montana has surprised everyone, and regulators arehaving a little trouble keeping up with the demands of productiongrowth. A period of regulatory catch-up could hinder short-termdevelopment and production growth, but observers believe thelong-term outlook on this prolific basin is extremely positive.
November 28, 2000
Acquisitions Conceal Gas Production Struggle
On average, U.S. gas production appears to have been up slightly (2%, according to financial reports from 25 producers) at the end of the third quarter compared to 3Q99. However, there was a wide variation among producers, with some reporting huge increases, such as Mitchell Energy, Devon and Coastal, while others reported large declines, including Amerada Hess, Texaco, Kerr McGee and Ocean Energy (see preliminary tally).
October 30, 2000
Acquisitions Conceal Gas Production Struggle
On average, U.S. gas production appears to have been up slightly(2%, according to financial reports from 25 producers) at of theend of the third quarter compared to 3Q99. However, there was awide variation among producers, with some reporting huge increases,such as Mitchell Energy, Devon and Coastal, while others reportedlarge declines, including Amerada Hess, Texaco, Kerr McGee andOcean Energy (see preliminary tally below).
October 27, 2000
CA Utilities Report Good Results Despite Struggle
It’s the “market volatility,” stupid!
October 27, 2000
Vector Official Sees Short-Term Struggle Ahead
Vector Pipeline President Juri Otsason said last week the 720MMcf/d pipeline project from Chicago to Dawn, ON, is running alittle behind schedule and probably will not be in service untilthe end of October. It originally was expected to be in serviceOct. 1. He also said the results of a recent Vector open seasonwere disappointing despite the company’s new contract to provide200 MMcf/d of short-haul firm service to NIPSCO.
July 3, 2000
Vector Official Sees Short-Term Struggle Ahead
Vector Pipeline President Juri Otsason said the 720 MMcf/d pipelineproject from Chicago to Dawn, ON, is running a little behind scheduleand probably will not be in service until the end of October. Itoriginally was expected to be in service Oct. 1. He also said theresults of a recent Vector open season were disappointing despite thecompany’s new contract with NIPSCO, which was announced earlier thisweek (see Daily GPI, June 28).
June 29, 2000
Futures Struggle at End but Manage Small Gain to $2.70
Fresh off a neat, 13-cent gain Monday, the futures marketrumbled higher yesterday as fundamental traders braced for asizable storage withdrawal today and technicians set their sightson resistance levels from late last year.
February 2, 2000
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