Items Tagged with 'increase'

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Texas Oilfields Push Devon Production Forecast 3% Higher

Devon Energy Corp. expects to achieve 14% more production this year than it did in 2013, a 3% higher forecast from a few months ago, after surpassing expectations from Texas oilfields during the third quarter. Read More

WPX Cowboys Up, With Western Portfolio Now Sole Focus

WPX Energy Inc. is hauling its rigs and equipment out West and will keep the drillbit going in only three states -- North Dakota, New Mexico and Colorado -- with the balance of the portfolio, including Appalachia, on the sales block, the Tulsa-based operator said. Read More

Utica Makes Debut in EIA Productivity Report, Doesn't Disappoint

Natural gas and oil production are projected to increase in nearly all of the nation's shale plays and tight oil formations through September, particularly in the Utica Shale, now a separate line item of the U.S. Energy Information Administration's (EIA) Drilling Productivity Report (DPR). 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

Texas Oil/Gas Boom Nearing Five-Year Mark; 'Petro Index' Sets New Record

The upstream oil and gas economy in Texas has been expanding for the past four and a half years and shows no signs of slowing thanks in part -- but not entirely -- to global geopolitical tensions, according to a barometer of industry activity called the Texas Petro Index (TPI). Read More

Baker Hughes: Well, Rig Counts Both Increased in 2Q2014

The well count and rig count in the U.S. onshore both increased slightly during the second quarter of 2014. The former was boosted by strong gains in the Permian Basin, Marcellus Shale and Granite Wash formation, while the latter reflected a slight improvement in drilling efficiencies, Baker Hughes Inc. (BHI) said Friday. Read More

NatGas Marketers Ended Two-Year Downward Slope in 1Q2014

Sales by more than two dozen leading natural gas marketers during the first three months of 2014 increased 0.61 Bcf/d (about 0.5%) compared with 1Q2013, a small rebound for a market that had been... Read More

Gulf Coast Refined Products Export Terminal Comes Online

A Gulf Coast refined products export terminal that was reactivated to take advantage of the shale oil boom has loaded its first cargo, operator Enterprise Products Partners LP said Tuesday. Read More

Traders Mulling Storage Refill; May Called Up 4 Cents

May natural gas is set to open 4 cents higher Wednesday morning at $4.57 as traders weigh issues with natural gas storage builds. Overnight oil markets rose. Read More

Colorado Bill Would Increase Fines on Oil/Gas Industry

With support from the oil/gas industry, Colorado lawmakers are recrafting a bill (HB 1356) this session to increase maximum fines that can be assessed against oil and natural gas operators for "significant waste of oil/gas resources." Similar legislation was defeated last year (see Daily GPI, May 10, 2013).

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