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Two big-ticket acquisitions in the Fayetteville Shale by BHP Billiton Petroleum and XTO Energy Inc. suggest that the pace of development in the play will be accelerating, acknowledged Steve Mueller, CEO of Fayetteville veteran Southwestern Energy Co. But his company can hold its own, having locked in some of its costs and beaten down drilling times, Mueller said.

The White House altered a Department of Interior (DOI) report last May to suggest that experts peer reviewed and supported the administration’s decision to impose a blanket moratorium on drilling in the Gulf of Mexico (GOM) following the well blowout that sank the Deepwater Horizon rig off the southern Louisiana coastline, according to a report released last Tuesday by DOI’s Office of Inspector General (OIG).

The White House altered a Department of Interior (DOI) report last May to suggest that experts peer reviewed and supported the administration’s decision to impose a blanket moratorium on drilling in the Gulf of Mexico (GOM) following the well blowout that sank the Deepwater Horizon rig off the southern Louisiana coastline, according to a report released Tuesday by DOI’s Office of Inspector General (OIG).

August natural gas futures gained ground Tuesday on the day prior to expiration. Traders see little in the way to suggest that any fundamentals have changed, and perceived the day’s activity as movement within a broad and uninspired trading range. At the close August natural gas rose 6.3 cents to $4.675 and September added 6.3 cents as well to $4.646. September crude oil tumbled $1.48 to $77.50/bbl.

Low natural gas prices may be driving numerous producers to shift their focus to oil production; however, results from a recent executive survey suggest that the country’s energy future will be more closely linked with natural gas than was previously thought.

North American exploration and production (E&P) companies’ cost structures and current share prices suggest that natural gas prices need to be more than $8/Mcf and oil has to be more than $70/bbl to deliver a market return on equity capital, according to an analysis by SunTrust Robinson Humphrey/the Gerdes Group (STRH).

Natural gas market fundamentals suggest that U.S. drilling activity could rise by only 2% this year but increase by 10% in 2009, according to an analysis by SunTrust Robinson Humphrey/the Gerdes Group (STRH).

Natural gas market fundamentals suggest that U.S. drilling activity could rise by only 2% this year but increase by 10% in 2009, according to an analysis by SunTrust Robinson Humphrey/the Gerdes Group (STRH).

Canadian natural gas exports defied consensus forecasts by increasing in the last international trading year (see NGI, Dec. 17, 2007), prompting the nation’s top pipeline to suggest that the true trend is a change in the quality of production instead of its quantity.