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Citing Low Prices, BG to Cut U.S. Gas Drilling

BG Group, whose global expertise is centered around natural gas, said it plans to slash U.S. drilling, as well as other global gas-weighted projects, because of low commodity prices.

November 5, 2012

Williams Slumps on Low Natural Gas Prices, NGL Frac Spreads

Williams, whose natural gas midstream and pipeline infrastructure stretches from Canada into the deepwater Gulf of Mexico, is tweaking its earnings forecasts lower for the next two years based on conversations with customers that indicate activity will be slower in the short term.

November 5, 2012

ExxonMobil Profits, Output Slip, But Portfolio Additions Continue

ExxonMobil Corp., whose international portfolio more often than not has fortified it from the ups and downs of the volatile commodities market, failed to outrun global uncertainty and lower U.S. natural gas prices in the third quarter, with profits off 7% year/year to $9.6 billion, $750 million less than a year ago. Production also declined to its lowest level in three years.

November 2, 2012

Encana Cautious on Natural Gas Price Recovery

Encana Corp. CEO Randy Eresman, whose company is one of the largest onshore producers in North America, said last week the company remains “cautiously optimistic about our natural gas price recovery this year. We continue to see evidence on both the demand and supply front that supports this assertion.”

October 29, 2012

Encana ‘Cautiously Optimistic’ on Natural Gas, But Liquids Still Focus

Encana Corp. CEO Randy Eresman, whose company is one of the largest onshore producers in North America, said Wednesday the company remains “cautiously optimistic about our natural gas price recovery this year. We continue to see evidence on both the demand and supply front that supports this assertion.”

October 26, 2012

Noble Gambles on New Unconventional Play in Nevada

Noble Energy Inc., whose exploration efforts are spread across the globe, last week gave investors a peek at five frontier plays, including a promising unconventional find in an overlooked area of Nevada.

October 15, 2012

Noble Gambles on New Unconventional Play in Nevada

Noble Energy Inc., whose exploration efforts are spread across the globe, on Thursday gave investors a peek at five frontier plays, including a promising unconventional find in an overlooked area of Nevada.

October 12, 2012

Washington Post Editorial Supports Fracking in New York State

Last month Department of Environmental Conservation (DEC) Commissioner Joseph Martens said he anticipated an eventual legal challenge to any rules the agency creates for regulating HVHF in the state, and he asked Health Commissioner Nirav Shah to conduct a health impact analysis of the practice (see Shale Daily, Sept. 24). The newspaper said it agreed with the observation by DEC officials and drilling supporters: that Martens’ decision would probably cause enough of a delay to require an additional public comment period (see Shale Daily, Oct. 4; Oct. 2).

October 9, 2012

New York Times Admonished — Again — for Anti-Shale Gas Bias

The New York Times (NYT), chastised last year for, among other things, describing the shale gas industry as a “Ponzi” scheme whose future would match that of Enron Corp., continues to focus exclusively on the negative risks of gas drilling and has hyped the research of questionable sources, according to a Forbes magazine contributor.

October 8, 2012

New York Times Admonished — Again — for Anti-Shale Gas Slant

The New York Times (NYT), chastised last year for, among other things, describing the shale gas industry as a “Ponzi” scheme whose future would match that of Enron Corp., continues to focus exclusively on the negative risks of gas drilling and has hyped the research of questionable sources, according to a Forbes magazine contributor.

October 8, 2012