The U.S. land rig count fell by a modest seven units in the latest tally by Baker Hughes Inc. (BHI).
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Five Largest U.S. Natural Gas Guzzlers: TX, CA, LA, NY, FL
The big spenders for natural gas in 2011 were Texans who paid $14.7 billion at the burner tip, Californians who paid $14.4 billion and New Yorkers, who paid $11.2 billion, according to the Energy Information Administration’s (EIA) tally, released earlier this month of 2011 state natural gas consumption statistics, which include residential, commercial, industrial, electric power and transportation customers.
Five Largest U.S. Natural Gas Guzzlers: TX, CA, LA, NY, FL
The big spenders for natural gas in 2011 were Texans who paid $14.7 billion at the burner tip, Californians who paid $14.4 billion and New Yorkers, who paid $11.2 billion, according to the Energy Information Administration’s (EIA) tally, released last Friday of 2011 state natural gas consumption statistics, which include residential, commercial, industrial, electric power and transportation customers.
‘Wet’ Shale Plays Will Retain Advantage, Analyst Says
It seems like everybody and their brother and sister has begun pushing more drilling capital expenditures into “oilier” shale gas assets, somewhat at the expense of the drier plays. What will it take to return some of the former luster of nearly all-dry plays such as Haynesville?
Futures Finish Higher Again; Fresh Storage News Eyed
Bringing the tally to four days of consecutively higher settlements, November natural gas futures Wednesday soared during the session to put in a $6.180 high before slipping lower to close at $5.995, up 23.6 cents on the day. One broker attributed the move to a combination of Indian summer-like temperatures in the East and a bounce off of significant support late last week.
Prices Fall Further; Shut-In Tally Nearly Unchanged
A few isolated flat points were in the mix, but the overall cash market fell again Monday between a nickel and about a quarter as weather-based load remained elusive for natural gas, and Gulf of Mexico shut-ins, while still at a high level, had already lost their price-boosting effects since the middle of last week.
Production Shut Ins Top 6 Bcf/d, But Cash, Futures Slip on Weak Demand
Gas production shut ins due to Hurricane Ivan rose to more than 6 Bcf/d, according to a mid-day tally Wednesday of 65 companies by the Interior Department’s Minerals Management Service (MMS). But those production losses barely phased the weak natural gas cash and futures markets. Cash prices were down another 5-15 cents in regions other than Gulf Coast Louisiana and the Northeast, and most Louisiana points were flat to up only a nickel.
Royalty Relief, High Gas Prices Draw Crowd at Latest Central Gulf Lease Sale
An early tally of results from the Mineral Management Service’s Central Gulf Lease Sale 190 looks impressive with 827 bids from 73 companies, which is quite a bit more than the 793 bids from 66 production companies in Central Gulf Lease Sale 185 last year. Lease Sale 190 will be held on Wednesday morning at 10 a.m. in New Orleans.
1Q Gas Production Down Slightly in Early Tally
U.S. natural gas production results for the first quarter have been mixed so far, with some companies reporting tremendous growth compared to the first quarter of last year while others have shown sharp declines. According to company figures compiled by NGI, the net result of majors and independents reporting results so far is a 1% decrease in domestic natural gas supply for the first quarter compared with last year.