Encana Corp. is tightening the purse strings and slowing output in 2011 because of sustained low prices, an executive said Wednesday.
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Ceres: Proceed Into Oil Shale Investments With Caution
Domestic oil shales offer “vast development potential,” but without sustained high oil prices they may not be profitable, according to a report released Thursday by Boston-based Ceres, a coalition of investment, environmental and public interest groups.
Fayetteville Production Pays Well; Prolific Growth Seen as Likely
The Fayetteville Shale in northern Arkansas not only appears destined for sustained significant growth well into the future but commands some of the highest shale pricing around. One of the chief signals of these optimistic expectations was the Dec. 1 start-up of service on Fayetteville Express Pipeline (FEP), providing a major addition to takeaway capacity for the shale’s producers.
New Influx of Cash ‘A Positive,’ Says Cabot CEO
Houston’s Cabot Oil & Gas Corp., which now is focused on shale exploration, said Tuesday it sold its remaining investment in Canada for $61.3 million.
Encana Curtails Growth, Earnings Guidance
Encana Corp. increased its onshore natural gas-weighted production in 3Q2010, but sustained low gas prices led the producer last week to cut its output guidance and spending for the year.
Encana Cuts Guidance, Defers Spending
Encana Corp. increased its onshore natural gas-weighted production in 3Q2010, but sustained low gas prices led the producer to cut its output guidance for the year.
A Few Rockies Points Avoid Overall Price Fall
It definitely appears that the bloom is off the price rose that was sustained through much of September despite generally weak weather fundamentals. Only small gains at a few Rockies points were left out of declines everywhere else in trading that began the final week of September on Monday.
Halliburton: North American Activity Strengthening
Oilfield services giant Halliburton saw its international profits plunge in the first three months of the year, but North American activity sustained the company, led by strong growth in unconventional natural gas and oil basins.
Halliburton: North American Activity Strengthening
Oilfield services giant Halliburton saw its international profits plunge in the first three months of the year, but North American activity sustained the company, led by strong growth in unconventional natural gas and oil basins.
Transportation Notes
Northern Natural Gas has implemented a System Overrun Limitation until further notice at the Gilmore City #1 point Friday, saying it was due to sustained flows in excess of facility capacity.