Substantial

U.S. shale gas plays continued to make a substantial contribution to the country’s natural gas production, the Energy Information Administration (EIA) said Tuesday in a report that cited supply gains last month. However, a declining rig count signals that production declines are on the way, the agency said.

Houston’s Linn Energy LLC last week made a $1.025 billion cash deal to acquire BP plc’s substantial natural gas operations in the Green River Basin of Wyoming.

Houston’s Linn Energy LLC on Monday agreed to pay $1.025 billion in cash to acquire BP plc’s substantial natural gas operations in the Green River Basin of Wyoming.

Shale and tight oil plays are key components of the North American portfolio of Norway’s Statoil ASA, executives told investors in New York City Wednesday. The company also has announced a farm-in agreement that gives it early entry into an Australian shale play.

The power generation and transportation fuel sectors may see substantial gains in natural gas use, but California’s overall natural gas demand is expected to stay essentially flat in the next two decades, according to two recent companion gas reports released by the California Energy Commission (CEC).

While the power generation and transportation fuel sectors could see substantial boosts in natural gas use, California’s overall gas demand is expected to stay essentially flat in the next two decades, according to two recent companion gas reports released by the California Energy Commission (CEC).

Consolidated Edison Co. (Con Ed) of New York is projecting natural gas demand from utility conversions will grow 3.5% through 2017, requiring substantial new pipeline capacity to be up and running, according to the director of the utility’s gas supply.

Consolidated Edison Co. (Con Ed) of New York is projecting natural gas demand from utility conversions will grow 3.5% through 2017, requiring substantial new pipeline capacity to be up and running, according to the director of the utility’s gas supply.

First quarter performance from EOG Resources Inc.’s “big four” plays, led by the Eagle Ford Shale, was substantial enough to raise this year’s total company liquids production growth target to 33% from 30% and increase the overall production growth target to 7% from 5.5%.