Production

Long-Drawn Winter Sends Most Natural Gas Storage Estimates Below 1 Tcf

The recent winter price rally was the headline-grabber, but the real news is summer 2015 contracts being sold off, possibly reflecting a forecast for a softer natural gas balance in a year, according to Goldman Sachs. Read More

November Natural Gas Production Pushes U.S. Total Near Record High

U.S. natural gas production was 2.56 Tcf in November, up from 2.47 Tcf in November 2012, and was on pace to set a record high for all of 2013, according to the Energy Information Administration's (EIA) latest Monthly Energy Review (MER). Read More

Chesapeake Tees Up $1B More Asset Sales, Focuses on Fixing Balance Sheet

Chesapeake Energy Corp. won't be satisfied until it reclaims a top-tier exploration and production (E&P) position... Read More

Devon Makes 'Clean Exit' from Canada Conventionals in $2.8B Sale

Devon Energy Corp. has reached an agreement to sell most of its Canadian conventional portfolio, with proved reserves of about 170 million boe... Read More

Stone Strikes Natural Gas in Deepwater GOM

Stone Energy Corp. said Tuesday it hit net natural gas pay in two deepwater Gulf of Mexico wells that suggest commercial discoveries. Read More

EIA Outlook: More Losses for Coal; Higher NatGas Prices

The U.S. Energy Information Administration (EIA) projects that an additional 60 gigawatts (GW) of coal-fired generating capacity will be retired by 2020. It also said natural gas prices will rise in the near term, in part due to increased demand by industrial customers and, eventually, demand for exports from liquefied natural gas (LNG) facilities. Read More

Study Finds Methane Emissions 50% Higher Than EPA Estimates

A review of 20 years of technical literature on natural gas emissions in the United States and Canada found that methane (CH4) emissions appear significantly larger than official estimates, but they are not enough to negate the benefits of switching from coal power generation to natural gas-fired power. Read More

Oxy to Spin Off California Business, Relocate to Houston

Storied Los Angeles-based Occidental Petroleum Corp. on Friday announced it would spin its California assets into an independent, separately traded company and relocate the global outfit to Houston. The news follows an announcement Thursday that it would sell its gassy Hugoton field leasehold for $1.4 billion. Read More

North American Gas/Oil Production Projected to Increase Through 2035

Production of North American natural gas, natural gas liquids (NGL), crude oil and condensate is expected to continue increasing through 2035, according to a report from ICF International. Read More

Freeze-Offs, Sales Ding Apache Profits, Output

Super independent Apache Corp.'s decision to cast off Gulf of Mexico (GOM) producing properties and multiple onshore and overseas assets, combined with freeze-offs in North America's onshore, led to missed profit expectations and lower production in the fourth quarter, the Houston-based producer said Thursday. Read More