Comments on: Costs of gas drilling http://community.gjsentinel.com/2008/02/19/costs-of-gas-drilling/ Grand Junction, Colorado's community Web site, discussions, forums, message boards and more. Wed, 01 Oct 2008 00:08:38 +0000 http://wordpress.org/?v=2.3.3 By: Jack http://community.gjsentinel.com/2008/02/19/costs-of-gas-drilling/#comment-97 Jack Sun, 02 Mar 2008 23:25:42 +0000 http://community.gjsentinel.com/2008/02/19/costs-of-gas-drilling/#comment-97 <strong>Jack...</strong> I couldn\'t have said it better myself.... Jack…

I couldn\’t have said it better myself….

]]> By: Oliver http://community.gjsentinel.com/2008/02/19/costs-of-gas-drilling/#comment-22 Oliver Thu, 21 Feb 2008 15:42:38 +0000 http://community.gjsentinel.com/2008/02/19/costs-of-gas-drilling/#comment-22 Williams Q4 Profit Surges 53% www.tradingmarkets.com/.site/news/TOP%20STORY/1121165/ Thursday morning, Williams Companies Inc., a provider of natural gas, reported a 53% surge in profit for the fourth quarter, helped by strong performances in the company's midstream, exploration and gas pipeline businesses. The high levels of natural gas liquid margins, continued strong natural gas production growth and the positive effect, of new rates on two pipeline systems were the key factors that contributed to the increase in profit for the quarter. … were partially offset by a loss, primarily mark-to-market, of about $166 million related to the sale of certain legacy natural gas contracts associated with the former power business. … Exploration & Production Consolidated segment profit for the segment improved to $190 million from $140 million a year ago. ...For the fourth quarter, the company increased its average daily domestic production 18% over the same period last year. Increased development within the Piceance... In the Piceance Basin of western Colorado- the company's cornerstone for production and reserves growth - average daily production surged 25% for the fourth quarter. Williams Q4 Profit Surges 53%
http://www.tradingmarkets.com/.site/news/TOP%20STORY/1121165/

Thursday morning, Williams Companies Inc., a provider of natural gas, reported a 53% surge in profit for the fourth quarter, helped by strong performances in the company’s midstream, exploration and gas pipeline businesses. The high levels of natural gas liquid margins, continued strong natural gas production growth and the positive effect, of new rates on two pipeline systems were the key factors that contributed to the increase in profit for the quarter.

… were partially offset by a loss, primarily mark-to-market, of about $166 million related to the sale of certain legacy natural gas contracts associated with the former power business.

… Exploration & Production
Consolidated segment profit for the segment improved to $190 million from $140 million a year ago. …For the fourth quarter, the company increased its average daily domestic production 18% over the same period last year. Increased development within the Piceance… In the Piceance Basin of western Colorado- the company’s cornerstone for production and reserves growth - average daily production surged 25% for the fourth quarter.

]]> By: dwolford1 http://community.gjsentinel.com/2008/02/19/costs-of-gas-drilling/#comment-14 dwolford1 Tue, 19 Feb 2008 18:46:34 +0000 http://community.gjsentinel.com/2008/02/19/costs-of-gas-drilling/#comment-14 Thanks, Oliver, for keeping it honest. Not that Alan would misrepresent, but the O&G "executives" just might. Thanks, Oliver, for keeping it honest. Not that Alan would misrepresent, but the O&G “executives” just might.

]]> By: Oliver http://community.gjsentinel.com/2008/02/19/costs-of-gas-drilling/#comment-13 Oliver Tue, 19 Feb 2008 18:03:33 +0000 http://community.gjsentinel.com/2008/02/19/costs-of-gas-drilling/#comment-13 except you're wrong, EnCana, Barrett, Williams are making loads of money off their Piceance production. (Barrett will release its 2007 earnings report on 2/26, so stay tuned). Once the RMX is complete, COlorado cunsumers will pay more and the companies will earn more profit as they ship our pubicly-owned minerals off to Ohio and the Midwest. EnCana's Profit Rises 63% on Increased Production (Bloomberg, 2/14/08) EnCana is ``bullish'' on gas prices because of falling production in Canada, reduced U.S. imports of liquefied gas and increased demand for the fuel to generate power, Eresman, 49, said on an earnings conference call with analysts and investors. ``Nothing for us, in the near term, is suggesting anything other than a positive impact on natural gas,'' Eresman said, without providing a price forecast. ['a positive impact' means prices go up and the company makes more profit and consumers pay more]. UPDATE 3-EnCana profit jumps 63 pct as output, prices rise (Reuters, 2/14/08) EnCana said its quarterly results were driven by higher oil and gas output and climbing prices. The firm sold natural gas for an average of $7.32 per million cubic feet in the fourth quarter, a 9 percent increase on the year-earlier period, while the benchmark oil price surged by half to average $90.50. except you’re wrong, EnCana, Barrett, Williams are making loads of money off their Piceance production. (Barrett will release its 2007 earnings report on 2/26, so stay tuned). Once the RMX is complete, COlorado cunsumers will pay more and the companies will earn more profit as they ship our pubicly-owned minerals off to Ohio and the Midwest.

EnCana’s Profit Rises 63% on Increased Production (Bloomberg, 2/14/08)

EnCana is “bullish” on gas prices because of falling production in Canada, reduced U.S. imports of liquefied gas and increased demand for the fuel to generate power, Eresman, 49, said on an earnings conference call with analysts and investors.

“Nothing for us, in the near term, is suggesting anything other than a positive impact on natural gas,” Eresman said, without providing a price forecast. [’a positive impact’ means prices go up and the company makes more profit and consumers pay more].

UPDATE 3-EnCana profit jumps 63 pct as output, prices rise (Reuters, 2/14/08)

EnCana said its quarterly results were driven by higher oil and gas output and climbing prices. The firm sold natural gas for an average of $7.32 per million cubic feet in the fourth quarter, a 9 percent increase on the year-earlier period, while the benchmark oil price surged by half to average $90.50.

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