Trending

Eagle Ford Keeps Giving as Production Climbs

Production of oil, natural gas and condensate continues trending upward in the Eagle Ford Shale, according to Railroad Commission of Texas (RRC) data. During the first four months of this year, daily oil production surpassed that seen in 2012 and daily production of natural gas nearly met the 2012 level.

June 24, 2013

Industry Briefs

Natural gas prices trending up nationally were cited by Minnesota-based Xcel Energy for its latest higher retail gas charges at its Colorado combination utility as part of its quarterly price adjustments for retail electric and gas rates. Overall, Xcel said total utility bills in Colorado will be lower in the third quarter compared to the second quarter, but on an annual basis, “a national trend in higher natural gas commodity prices” will continue to put upward pressure on utility bills. Under the quarterly gas cost adjustment, the cost of natural gas in the third quarter will be slightly higher than the second quarter, but because of a “significant drop” in use expected in the summer quarter, residential bills will be about $8 lower/month, compared to the current quarter, Xcel said. Residential gas bills in the third quarter will still be $3.15 more than they were in the third quarter last year. “Much of 2012 was marked by historically low gas prices,” Xcel said. Typical monthly residential and small business gas bills during the third quarter are expected to be $21.98 and $81.73, respectively, compared to average bills of $18.83 and $68.81, respectively, in the third quarter of 2012.

June 19, 2013

Higher NatGas Prices Lift Arkansas Revenue

Arkansas’ gross revenue from natural gas severance taxes so far this year is trending higher than during 2011, which turned out to be a record year for gas severance tax revenue in the Natural State.

June 17, 2013
Higher NatGas Prices Lift Fayetteville Shale Country Taxes

Higher NatGas Prices Lift Fayetteville Shale Country Taxes

Arkansas’ gross revenue from natural gas severance taxes so far this year is trending higher than during 2011, which turned out to be a record year for gas severance tax revenue in the Natural State.

June 12, 2013

NatGas Filling Arkansas Coffers at Record Pace

Arkansas’ gross revenue from natural gas severance taxes so far this year is trending higher than during 2011, which turned out to be a record year for gas severance tax revenue in the Natural State.

June 11, 2013

Energy Field Talent-Short, Salaries Rising

Salaries in the oil and gas industry are trending higher in part because of a shortage of skilled labor and knowledgeable executives, according to a report published last week.

March 18, 2013

Energy Field Talent-Short, Salaries Rising

Salaries in the oil and gas industry are trending higher in part because of a shortage of skilled labor and knowledgeable executives, according to a report published Monday.

March 13, 2013

Still More Downside, Figures Show; December Slides

December futures continued their relentless retreat Wednesday as traders calculated that spot futures may have almost 18 cents more room to the downside and weather forecasts moderated again. At the close December had dropped 6.0 cents to $3.344 and January had shed 5.9 cents to $3.483. December crude oil vaulted $3.22 to $102.59/bbl.

November 17, 2011

Hedgers Unmoved By Early Heat; July Weakens

July natural gas futures fell in active trading Monday as traders viewed the market as not having sufficient trending characteristics and others were unmoved by early heat. At the close July had fallen 11.1 cents to $4.646 and August had dropped 11.1 cents as well to $4.678. July crude oil tumbled $1.99 to $97.30/bbl.

June 14, 2011

State of the Industry, GasMart 2008

North American drilling, production, costs and prices are trending up as shale gas takes center stage. Forget liquefied natural gas (LNG) in the near term and maybe longer; and be glad you’re not tied to the world oil market. For the future, think Alaska. And for gas users: conserve, hedge, plan, stick to your strategy and keep good records.

June 2, 2008
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