Survey

Despite More Rigs, Lehman Estimates Gas Production Down 4.4% From Year Ago

Based on a survey of 60 North American producers, Lehman Brothers estimated last week that 1Q2005 U.S. natural gas production will show a decline of 0.3% sequentially and 4.4% compared with 1Q2004. Gas supply also is estimated to fall 2.1% this year, following a 3% decline in 2004, caused mainly by an estimated U.S. production decline of 3.7%.

May 2, 2005

Despite More Rigs, Lehman Estimates Gas Production Down 4.4% From Year Ago

Based on a survey of 60 North American producers, Lehman Brothers estimated Monday that 1Q2005 U.S. natural gas production will show a decline of 0.3% sequentially and 4.4% compared with 1Q2004. Gas supply also is estimated to fall 2.1% this year, following a 3% decline in 2004, caused mainly by an estimated U.S. production decline of 3.7%.

April 26, 2005

Shell Canada Plans 3-D Survey of Newfoundland’s Orphan Basin

Shell Canada Ltd. plans to conduct a 3-D survey this summer of the Orphan Basin, located in the deepwater offshore Newfoundland and Labrador, after acquiring a 20% interest in eight exploration licenses. The interest was acquired under a farm-in agreement with ExxonMobil Canada and Imperial Oil Resources.

March 3, 2005

J. D. Power: Gas Utility Customer Satisfaction Still Strong Despite Higher Prices

Despite a 14% increase in average residential gas utility rates, a survey by J. D. Power and Associates found that customer satisfaction among the nation’s largest gas utilities is unchanged from 2003.

September 20, 2004

J. D. Power: Gas Utility Customer Satisfaction Still Strong Despite Higher Prices

Despite a 14% increase in average residential gas utility rates, a survey by J. D. Power and Associates found that customers satisfaction among the nation’s largest gas utilities is unchanged from 2003.

September 17, 2004

Raymond James: Tight Gas Supply, High Oil Prices Imply $7/Mcf

Nearly mirroring survey results of other energy analyst groups in recent days, Raymond James said last week that U.S. natural gas production fell 4.2% in the first quarter year-over-year, and “as before, we see no significant near-term catalysts to alter the declining supply picture, and therefore, price rationing remains the only viable option to bring the market into equilibrium.”

May 24, 2004

Raymond James: Tight Gas Supply, High Oil Prices Imply $7/Mcf

Nearly mirroring survey results of other energy analyst groups in recent days, Raymond James said Monday that U.S. natural gas production fell 4.2% in the first quarter year-over-year, and “as before, we see no significant near-term catalysts to alter the declining supply picture, and therefore, price rationing remains the only viable option to bring the market into equilibrium.”

May 18, 2004

Process Gas Consumers Tell Feds: Hands Off Price Survey Process

The Process Gas Consumers (PGC), representing end users whose processes require the use of natural gas, has advised FERC Chairman Pat Wood it is “strongly” opposed to the federal government taking a hand in the price reporting process for natural gas, which is currently performed by independent publishers (such as NGI).

March 25, 2003

USGS Report Details Undiscovered Rockies Area Gas Potential

A new report by the U.S. Geological Survey (USGS) shows an overall slightly improved outlook for unconventional natural gas potential in five “priority” Rockies basins.

December 23, 2002

USGS Report Details Undiscovered Rockies Area Gas Potential

A new report by the U.S. Geological Survey (USGS) shows an overall slightly improved outlook for unconventional natural gas potential in five “priority” Rockies basins.

December 17, 2002