Without the addition of an odorant, natural gas has almost no scent. Until recently gas producers had almost no voice on Capitol Hill. However, repeated success at unlocking gas from unconventional plays has them speaking up for policies that would make markets for their invisible and heretofore largely ignored fuel.
Success
Articles from Success
Range’s Shale Output Tops Guidance
On the backs of its Marcellus and Barnett shale drilling success, Range Resources Corp. on Thursday reported a higher-than-expected 14% jump in natural gas-weighted production in 2Q2009 from a year ago. However, because of low gas prices, the producer won’t renew some of its Barnett Shale leases in North Texas.
Range’s Gas Output Tops Guidance; Some Barnett Leases to be Dropped
On the backs of its Marcellus and Barnett shale drilling success, Range Resources Corp. on Thursday reported a higher-than-expected 14% jump in natural gas-weighted production in 2Q2009 from a year ago. However, because of low gas prices, the producer won’t renew some of its Barnett Shale leases in North Texas.
Gas, Oil Price Forecasts Still Uncertain, Say Analysts
A glimmer of hope has emerged in the natural gas and oil industry, but commodity price forecasts still are uncertain because a price recovery will depend on the success of global stimulus packages that use energy as a driver, the pace of economic recovery and the magnitude of North American gas reserves, energy analysts said in new reports.
Coalbed Methane Study Finds More Gas in Shallower Coals
Going against conventional belief surrounding multizone completion success in coalbed methane wells, more natural gas and less water was found in the shallower coals of the wells tested, according to a study just completed by GST WellDog, a privately held natural gas development research and analysis firm that was tasked with developing coalbed methane development best practices.
Coalbed Methane Study Finds More Gas in Shallower Coals
Going against conventional belief surrounding multizone completion success in coalbed methane wells, more natural gas and less water was found in the shallower coals of the wells tested, according to a study just completed by GST WellDog, a privately held natural gas development research and analysis firm that was tasked with developing coalbed methane development best practices.
Wish Prices Were Higher? Blame It on the Shale
For gas producers, nothing fails like success, it would seem, as prices continue to founder on the strength of robust production out of unconventional plays. With normal weather, the industry will face record inventories at the end of next October, warned Barclays Capital analysts in a Wednesday note.
Shale is Too Much of A Good Thing for Prices
For gas producers, nothing fails like success, it would seem, as prices continue to founder on the strength of robust production out of unconventional plays. With normal weather, the industry will face record inventories at the end of next October, warned Barclays Capital analysts in a note last Wednesday.
Volatile Financial Markets Force Delay of EnCana Breakup Plan
EnCana Corp. is delaying its plans to split into two independent energy companies because of the volatility in the global financial markets.
Global Commodities Drive Constellation Earnings
Success in its global commodities sector helped Constellation Energy post earnings of $171.5 million (95 cents/share) for 2Q2008, compared to $116.3 million (64 cents) in 2Q2007, the company said Thursday. Constellation reaffirmed guidance for 2008 at $5.25-5.75/share and said it expects to grow earnings 15-20% over projected 2008 earnings.