Australia-based and Eagle Ford-focused Aurora Oil & Gas Ltd. said a downspacing pilot on its non-operated acreage in the Eagle Ford’s Sugarkane Field is yielding strong results and the company is planning 40-acre spacing on its recently acquired operated acreage in the play.
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FERC OKs Distrigas Project to Meet Tougher Gas Quality Requirements
FERC on Tuesday approved the request of Distrigas of Massachusetts LLC to install facilities at its liquefied natural gas (LNG) import terminal to meet tighter natural gas quality standards of pipelines serving the Northeast.
Baker Hughes CEO: North America Pressure Pumping ‘Sold Out’
The North American drilling services market is tight and getting tighter, squeezed by increased activity in liquids-heavy and emerging shale oil plays, Baker Hughes Inc. CEO Chad Deaton said last week.
Baker Hughes Raises Rig Count, Reports Strong Services Demand
The North American drilling services market is tight and getting tighter, squeezed by increased activity in liquids-heavy and emerging shale oil plays, Baker Hughes Inc. CEO Chad Deaton said Tuesday.
Bastardi Warns of Even Colder Winters to Come
Natural gas inventories could become a lot tighter and prices could soar much higher in the coming winters if predictions from AccuWeather.com Chief Long Range Forecaster Joe Bastardi prove true.
Bastardi Warns of Even Colder Winters to Come
Natural gas inventories could become a lot tighter and prices could soar much higher in the coming winters if predictions from AccuWeather.com Chief Long Range Forecaster Joe Bastardi prove true.
Futures Inch Lower as Forecast Moderates
After a wild week of ups and downs as January futures traded between $4.328 and $4.637, traders on Friday took a bit of a break as the prompt-month contract traded in a tighter range and ended up closing the regular session at $4.417, down 1.8 cents from Thursday’s finish but 6.8 cents higher than the previous week’s close.
Lack of Completion Services Signals Slowing Shale Activity
Shale play activity has come on like gangbusters in recent years, greatly augmenting the overall supply picture. Some producers appear dubious about how sustainable even the highly competitive economics of shale drilling are during a period in which gas prices universally have slipped below $4 into the pipe, but many keep shifting rigs into their shale acreage anyway.
Shale Gas Bounty Tests Pipe Network During Difficult Time
Between the recent pipeline accidents near Marshall, MI, and in San Bruno, CA, and the fact that the current natural gas pipeline network was set up decades ago to serve the eastern mega-market that now is developing its own supply, the natural gas transmission sector faces a number of challenges going forward.
Sempra’s Earnings Beat Wall Street’s Forecast
Savvy energy purchases, tighter cost controls and higher power sales lifted Sempra Energy’s profits by 10% in the last three months of 2008, easily surpassing Wall Street’s expectations.