Achieve

EQT Corp. announced Thursday that horizontal drilling in the Marcellus Shale helped the company achieve record sales volumes overall and in the Marcellus in 2012 — the latter an 85% increase from 2011 — as it posted net income of $183.4 million for the year.

A decision by the Department of Interior’s Bureau of Land Management (BLM) to set aside its original federal hydraulic fracturing (fracking) proposal has drawn plaudits from associations representing major oil and natural gas producers.

Pennsylvania continues its support for natural gas use to power vehicles.

A Dow Chemical Co. executive said he believes the chemical industry will need several additional Bcf/d of natural gas in as little as two-years’ time, when a long list of petrochemical plant projects begin to come online. It’s a demand that should be easy to meet, he said, as long as the United States hasn’t given away its competitive advantage in the marketplace — a gift from shale gas — through the undisciplined export of liquefied natural gas (LNG).

In a bid to succeed in a part of Pennsylvania’s Marcellus Shale where two other companies have failed, officials with a midstream subsidiary of UGI Corp. will attend Tuesday night’s public hearing before the Luzerne County Planning Commission to field questions about the company’s proposal to build a natural gas pipeline and compressor station.

The United States could achieve “near energy independence” within 20 years if the nation’s top leaders enact an energy policy that promotes the country’s abundant onshore and offshore natural gas and oil resources, Royal Dutch Shell plc CEO Peter Voser said last week.

The United States could achieve “near energy independence” within 20 years if the nation’s top leaders enact an energy policy that promotes the country’s abundant onshore and offshore natural gas and oil resources, Royal Dutch Shell plc CEO Peter Voser said Thursday.

Coordinated regulation of oil and gas development is needed in Colorado, but no new laws are needed to achieve such an approach, according to a report from a task force created earlier this year by Gov. John Hickenlooper.

Coordinated regulation of oil and gas development is needed in Colorado, but no new laws are needed to achieve such an approach, according to a draft report from a task force created earlier this year by Gov. John Hickenlooper. The task force is scheduled to issue its final report to Hickenlooper and state lawmakers Wednesday.