Production

U.S. Natural Gas Production Hit 87.08 Bcf/d in June, EIA Says

U.S. natural gas production hit 87.08 Bcf/d in June, a 0.5% increase from 86.63 Bcf/d in May and a whopping 6.9% (5.61 Bcf/d) more than in June 2013, according to... Read More

EIA: NatGas Leads Power Gen Capacity Additions

Natural gas led the way for new electricity generation capacity in the first half of 2014 (1H2014), accounting for about half of the added capacity, according to the latest electricity monthly statistics from the U.S. Energy Information Administration (EIA) released on Monday. Read More

EIA Lifts Mexico Oil Production Outlook Due to Regulatory Reform

The anticipated impact of upstream regulatory reforms in Mexico has prompted the U.S. Energy Information Administration (EIA) to raise its outlook for the country's oil production. Meanwhile, Petroleos Mexicanos (Pemex) said near-term production reports will show declines due to measurement changes intended to make reporting more accurate. Read More

Alaska Oil Tax Cut Withstands Turnback Effort

An oil production tax break for Alaska producers that was adopted last year withstood an attempt by opponents to overturn it at the polls, with voters narrowly favoring keeping Senate Bill 21 (SB 21) provisions in place. Read More

Lawler Brothers Separately to Lead Two Huge U.S. Natural Gas-Heavy Independents

In less than one month, two brothers from one family will be in charge of two of the biggest onshore natural gas producers in the United States. Doug Lawler as... Read More

BP Big Winner in Western GOM Lease Sale

Close to $110 million was submitted in high bids for 81 tracts offshore Texas in Western Gulf of Mexico (GOM) Lease Sale 238 on Wednesday, with most of the attention directed to the transboundary area of the U.S.-Mexico border and for Alaminos Canyon in the Lower Tertiary Trend. Read More

Pennsylvania Production Pummels Previous Record

Pennsylvania natural gas producers may be pulling back to focus on higher-margin targets, but their wells appear to have not gotten the message... Read More

EIA Expects Henry Hub to Average $4.46 This Year, Just $4.00 in 2015

Natural gas production growth and mild weather are allowing storage injections to continue on pace for a record refill of 2.6 Tcf by the end of October, according to the Energy Information Administration, which significantly lowered its gas price outlooks for both 2014 and 2015. Read More

May's Domestic Dry NatGas Production Highest on Record, Says EIA

U.S. dry natural gas production in May reached 2,166 Bcf, or 69.9 Bcf/d -- the highest on record for any month -- according to preliminary figures... Read More

Producers Countering Flat Cash Flow With More Debt, Asset Sales

Large domestic oil and natural gas companies are incurring more debt and selling off assets as cash flow falters, the U.S. Energy Information Administration said... Read More