With logistics for moving hydraulic fracturing (fracking) equipment snarled by mostly foul weather through May, North Dakota is facing a growing backlog of unfracked wells, according to Lynn Helms, the state’s director of the Department of Mineral Resources (DMR).
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Articles from Totals
FERC Form 552 Data Shows Shift in 2012 Supply-Demand Mix
Total combined natural gas purchase and sales volumes were 123,868 TBtu (Bcf) in 2012, a 0.7% decline compared with 124,752 TBtu in 2011, according to an analysis by Natural Gas Intelligence (NGI) of 2012 Form 552 buyer and seller filings with FERC.
NatGas Transactions Declined, Supply-Demand Mix Shifted in 2012
Total combined natural gas purchase and sales volumes were 123,868 TBtu (Bcf) in 2012, a 0.7% decline compared with 124,752 TBtu in 2011, according to an analysis by NGI’s Shale Daily of 2012 Form 552 buyer and seller filings with FERC.
FERC Form 552 Data Shows Shift in 2012 Supply-Demand Mix
Total combined natural gas purchase and sales volumes were 123,868 TBtu (Bcf) in 2012, a 0.7% decline compared with 124,752 TBtu in 2011, according to an analysis by Natural Gas Intelligence (NGI) of 2012 Form 552 buyer and seller filings with FERC.
North Dakota Production Growth Slowed
The latest monthly totals for oil and natural gas production in North Dakota show continued growth in September, albeit at a slower pace than previous months, a report from the state Industrial Commission’s Department of Mineral Resources (DMR) showed Tuesday.
Three U.S. Shale Plays Lift Marathon Earnings, Output
Marathon Oil Corp.’s third quarter profits jumped 11% year/year on strong revenue growth and increased production, especially from the Eagle Ford Shale.
FERC Data: Record Gas Trading Volumes in 2011
Total combined natural gas purchase and sales volumes reached 124,752 TBtu in 2011, a 2.5% increase compared with 121,682 TBtu in 2010, according to an analysis by Natural Gas Intelligence (NGI) of 2011 Form 552 filings with FERC.
Exco Dropping Rigs but Still Looking for Opportunities
With a eye on natural gas prices, Dallas-based Exco Resources Inc. is dropping more than half of its drilling rigs in the Haynesville Shale this year, cutting one rig in the Marcellus and deferring well completions in natural gas plays. However, CEO Doug Miller said Friday there are “huge opportunities” to buy distressed properties, which the company intends to pursue.
North Dakota Ends 2011 on Record-Setting Note
With its drilling rig count creeping up above 200, North Dakota ended 2011 on the high side of all-time production totals for oil and natural gas in December, according to the state’s Department of Mineral Resources. More than 95% of the production was from the Bakken and Three Forks formations.
ExxonMobil’s U.S. Unconventional Reserves Now Stand at 76 Tcfe
ExxonMobil’s U.S. unconventional natural gas-weighted portfolio, substantially built with the buyout of XTO Energy Inc. last year, now totals 76 Tcfe, which is almost 70% more than the companies recognized at the time of the merger, the investor relations chief said Thursday.