Across

Despite the fact that rig counts have fallen across the shale basins, analysts at Barclays Capital said they believe that associated gas production will continue to grow to offset a portion of the decline in production from dry gas drilling.

The Pennsylvania Department of Environmental Protection (DEP) is preparing to host several half-day seminars across the state this fall to educate parties on applying for $20 million in grants toward the purchase of natural gas vehicles (NGV) or the conversion of eligible vehicles to natural gas.

Workers returning to offshore oil and gas facilities across the Gulf of Mexico (GOM) Friday were finding little or no damage as a result of Hurricane Isaac, according to several major GOM producers.

Workers returning to offshore oil and gas facilities across the Gulf of Mexico (GOM) Friday were finding little or no damage as a result of Hurricane Isaac, according to several major GOM producers.

New York City Mayor Michael Bloomberg and unconventional drilling pioneer George Mitchell last week offered their unqualified support and a big financial boost for “common sense” hydraulic fracturing (fracking) regulations, just days ahead of expected new guidelines for New York state drillers.

Natural gas cash values declined nearly across the board as physical gas traders used the screen’s prior-day drop for inspiration. Most points declined by a nickel or less and traders and analysts alike are having trouble pointing to any sort of rebound in the immediate future. Even what appeared to be a bullish storage injection report Thursday wasn’t what it seemed according to one NGI source. September futures traveled an up and down course on Thursday but ultimately closed the day’s regular session at $2.724, down 2.4 cents from Wednesday’s close.

The Mississippian Lime formation, which stretches across northern Oklahoma, western Kansas and southern Nebraska, is drawing increased industry interest, thanks to cheaper drilling costs and shallower wells compared to North Dakota’s Bakken Shale, according to the “IHS Herold Mississippian Oil Play Regional Play Assessment.”

The Mississippian Lime formation, which stretches across northern Oklahoma, western Kansas and southern Nebraska, is drawing increased industry interest, thanks to cheaper drilling costs and shallower wells compared to North Dakota’s Bakken Shale, according to the “IHS Herold Mississippian Oil Play Regional Play Assessment.”

Physical gas prices eased about 3 cents overall Tuesday, and declines were within a relatively narrow range across the country. Eastern markets saw a strengthening in basis, but next-day prices eased with unsupportive weather being cited. Pipelines in Southern California were back in balance from an operational flow order earlier in the week and next-day prices eased. At the close of futures trading July had risen 1.4 cents to $2.232 and August was up by 2.4 cents to $2.287. July crude oil added 62 cents to $83.32/bbl.