Southwestern’s Fayetteville Comes Alive With $4 NatGas

When natural gas prices are $3, Southwestern Energy Co. has 1,200-1,500 well locations to drill in the Fayetteville Shale, but “in today’s price environment, that changes substantially,” CFO Robert Craig Owen said Wednesday in Austin, TX.

May 24, 2013

Australia Overtook Qatar as Japan’s Top LNG Supplier

The pecking order of liquefied natural gas (LNG) suppliers to Japan, the world’s largest importer of LNG, has shifted. For the first time, Australia has surpassed Qatar to take the No. 1 slot, according to EnergyQuest, a consultancy based in Australia.

March 11, 2013

Marcellus Is Still Golden Child Among Cabot’s Plays

Despite a year of languishing natural gas prices, Cabot Oil & Gas Corp. annual revenues for the first time surpassed $1 billion in 2012. Cash flow set records as proved reserves grew by 27% to 3.8 Tcf on organic growth that replaced 417% of record production. The Marcellus Shale gave much despite infrastructure challenges.

February 25, 2013

Marcellus Lifts Cabot’s Natural Gas Output to Record

Cabot Oil & Gas Corp. for the first time in its history has surpassed 1 Bcf/d gross of natural gas production in the Marcellus Shale, which it credited to new wells and additional infrastructure. The gross output milestone resulted in total net output simultaneously breaking a record at 1 Bcf/d.

December 24, 2012

Marcellus Lifts Cabot to Record Natural Gas Production

Cabot Oil & Gas Corp. late Tuesday said for the first time in its history the Marcellus Shale operations surpassed 1 Bcf/d gross of natural gas production, primarily because of new wells and additional infrastructure.

December 20, 2012

Industry Briefs

Due to the rapid rise in the development of unconventionals, natural gas surpassed coal as the most-produced domestic fuel in 2011, the Energy Information Administration (EIA) said. Gas production was 23.5 quadrillion Btu (quads) in 2011 compared to coal’s 22.2 quads. Gas accounted for nearly 39% of the 60.6 quads of domestic fossil fuel produced in 2011, which exceeded the previous record of 59.3 quads in 1998. One quad is equal to about 1 Tcf of natural gas. Crude oil production, which experienced a long decline from 20.4 quads in 1970 to 10.5 quads in 2008, rose to almost 12 quads in 2011, the EIA said. Natural gas liquids (NGL) climbed to their highest level, 2.9 quads in 2011. Overall in 2011, the United States produced about 78 quads of energy, more than at any point in the nation’s history. More than three-quarters of the energy production came from nonrenewable fossil fuels: coal, natural gas, crude oil and NGLs. But despite rising production, the agency said the United States remained a net energy importer, consuming more than 97 quads of energy in 2011.

December 17, 2012

EIA: Gas Surpassed Coal as Most-Produced U.S. Fuel in 2011

Due to the rapid rise in the development of shale gas, natural gas surpassed coal as the most-produced domestic fuel in 2011, the Energy Information Administration (EIA) said Thursday.

December 14, 2012

Atlas Pipeline’s Natural Gas Volumes Top Record

Atlas Pipeline Partners LP, which serves producers in West Texas, Oklahoma and Kansas, surpassed a record for processed natural gas volumes in 3Q2012, which were up 36% from a year ago, executives said Wednesday.

November 2, 2012

Senate Bill Presses CFTC to Implement Speculative Limits

As the price of gasoline edges nears the $4/gallon mark in much of the country and has surpassed it in some places on the West Coast, a group of senators Wednesday introduced legislation that calls on the Commodity Futures Trading Commission (CFTC) to use its emergency powers to rein in speculation in the futures markets.

March 23, 2012

Industry Briefs

The Arlington, TX, City Council Tuesday initially approved amendments to the city’s gas drilling ordinance that would place stricter requirements on operators. Among them are a requirement to install video surveillance equipment at drill sites and restrictions on the use of diesel-powered rigs in favor of electric rigs. The latter provision is intended to reduce noise and emissions at drill sites. Also slated for revision are the definition of “protected structures,” and setback compliance requirements. In order to take effect, the amendments need a second vote, which is expected to happen when the council meets next month.

November 21, 2011
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