Tripled

In the past 10 years the cost of building natural gas pipelines in North America has tripled, with the U.S. Northeast being the most costly area, according to a report published Friday by Calgary-based Ziff Energy. The implications are clear for burgeoning shale plays where much new takeaway infrastructure still needs to be built.

WPX Energy Inc. announced a net loss of $64 million for 3Q2012 on Thursday, but it also reported significant growth in oil production in the Bakken Shale and tripled natural gas production in the Marcellus.

Chevron Corp. said Friday it nearly tripled its natural gas and oil production in 2011 and is readying for some new project start-ups in the coming year, as well as delineating its onshore prospects in the Marcellus and Utica shales.

Three of the top four natural gas marketers reported volume declines compared with the year-ago period, and 24 leading companies had total sales transactions of 123.44 Bcf/d in 2Q2011, a 3.50 Bcf/d (3%) decrease from the 126.94 Bcf/d they transacted in 2Q2010, according to NGI’s 2Q2011 Top North American Gas Marketers Ranking.

Three of the top four natural gas marketers reported volume declines compared with the year-ago period, and 24 leading companies had total sales transactions of 123.44 Bcf/d in 2Q2011, a 3.50 Bcf/d (3%) decrease from the 126.94 Bcf/d they transacted in 2Q2010, according to NGI’s 2Q2011 Top North American Gas Marketers Ranking.

Foundering liquefied natural gas (LNG) terminal developer Cheniere Energy Inc. continued to produce more red ink than regasified LNG in the second quarter as losses more than tripled from the year-ago period and more than doubled from the first quarter. However, investors took heart from the company’s announcement that it had secured $250 million in financing.

Foundering liquefied natural gas (LNG) terminal developer Cheniere Energy Inc. continued to produce more red ink than regasified LNG in the second quarter as losses more than tripled from the year-ago period and more than doubled from the first quarter. However, investors took heart from the company’s announcement that it had secured $250 million in financing.

Producers’ upstream capital expenditures have nearly tripled in the past four years due to increased drilling activity and a significant hike in the costs for finding and developing resources, a top official of the Natural Gas Supply Association (NGSA) said last Thursday. But despite all their efforts and big bucks, domestic production remains flat.

Producers’ upstream capital expenditures have nearly tripled in the past four years due to increased drilling activity and a significant hike in the costs for finding and developing resources, a top official of the Natural Gas Supply Association (NGSA) said Thursday. But despite their efforts and big bucks, domestic production remains flat.