Time

For the first time in “at least” three years, some of the largest North American exploration and production (E&P) operators that are weighted to natural gas expect to see a “significant production decline,” according to an analysis by Barclays Capital.

For the first time in “at least” three years, some of the largest North American exploration and production (E&P) operators that are weighted to natural gas expect to see a “significant production decline,” according to an analysis by Barclays Capital.

A Quinnipiac University poll released Tuesday showed that for the first time, Republican voters in New York State have an unfavorable opinion of Gov. Andrew Cuomo, a Democrat who took office two years ago and who is at the forefront of the debate over hydraulic fracturing (fracking).

Industry needs all the help it can get to fulfill visions of a northern energy mother lode that the Canol Shale exploration campaign is reviving, said a geologist.

Natural gas spot prices, which averaged $2.75/MMBtu at the Henry Hub last year and $3.33 last month, are expected to climb to an average of $3.41 this year and $3.63 in 2014, according to the Energy Information Administration (EIA).

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.

A joint venture (JV) of Battelle and Winner Global LLC expects to begin building its first unit in April to respond to a potential water shortage facing oil and natural gas companies that are engaged in hydraulic fracturing (fracking) activities in the Utica and Marcellus shales in Ohio and Pennsylvania.

Apache Corp. is taking no prisoners in the Permian Basin nor in the Midcontinent after building output from the combined regions by almost 24% in 2012 from 2011. By themselves, the two regions represented 25% of total global production at 197,000 boe/d.

With U.S. natural gas prices still the “great uncertainty,” Los Angeles-based Occidental Petroleum Corp. (Oxy) is undertaking a cost-cutting program designed to increase margin while it continues to emphasize oil production growth over gas in its domestic U.S. plays, CEO Steve Chazen said Thursday.