Word: cued
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...region's biggest payoff will probably come in natural gas. Drillers are already having considerable success in tracking down uptapped pockets of the precious fuel. In 1978 the Columbia Gas Transmission Corp. struck gas in Mineral County, W. Va., with a well that gushed 10 million cu. ft. of the fuel per day. A year later, the company tapped into a second natural gas gusher producing 8.8 million cu. ft. daily. Such start-up production levels are comparable to major wells in gas-rich Louisiana and Oklahoma...
...November 1978 was a complicated compromise between gas producers and consumers that set up 23 separate pricing categories for the fuel. All old gas-generally defined as that discovered prior to April 20, 1977-will reach a projected maximum price under controls of $1.60 to $1.90 per thousand cu. ft. in 1985. Gas discovered in subsequent years can be sold at higher prices, reaching a projected maximum of about $4.54 per thousand cu. ft. at the wellhead in 1985. From that date onward, any additional discoveries will fetch the prevailing world market price...
...result of the 1978 law has been a labyrinthine torture chamber for gas producers. Under some long-term supply contracts that were written many years ago and are still in force, many producers are being compelled to sell gas for less than 30? per thousand cu. ft., even though the current ceiling price is about $2.64 per thousand cu. ft. Meanwhile, foreign suppliers like Mexico and Canada earn $4.82 per thousand cu. ft. and $4.47 per thousand cu. ft., respectively, for the gas they ship to the U.S. market...
...drilling leases. Just last month Hiram Walker-Consumers Home Ltd. of Toronto paid more than $600 million for about 60% of Denver Wildcatter Marvin Davis' oil empire, including wells in Wyoming, Oklahoma, Louisiana and Texas that daily produce 4,000 bbl. of crude and 40 million cu. ft. of natural...
...rush was on, with Amoco and Chevron the first major companies to leap in. Today, in 16 fields with more than 100 wells, each costing up to $25 million to build (five times the price in Texas), production has reached 30,000 bbl. of oil and 75 million cu. ft. of gas per day. Geologist Richard Powers estimates that as much as 15.5 billion bbl. of oil and 62.5 trillion cu. ft. of gas lie beneath Wyoming, Idaho and northeastern Utah-a resource larger than the proven reserves on Alaska's North Slope. By 1982 Natural Gas Pipeline...