Physical natural gas prices across the country retreated on average by about 7 cents Monday, but Northeast locations had to endure double-digit losses, and in southern California prices were flat to a couple of cents higher. At the close of futures trading the April contract was down by 5.5 cents to $2.269 and May futures had fallen 5.2 cents to $2.373. April crude oil dropped $1.06 to $106.34/bbl.
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Pennsylvania Counties Moving Toward Impact Fee
When Pennsylvania Gov. Tom Corbett approved Act 13 last month, he gave county officials across the state 60 days to impose an annual fee on unconventional gas wells, or to opt-out. With a month left until the April 14 deadline, almost all of the eligible counties are on the road toward imposing the fee, but the biggest potential hold-out also happens to be the most active county in the Marcellus Shale (see NGI, Feb. 20).
March 12, 2012
ExxonMobil Buying, Drilling More Liquids Acreage in North America
ExxonMobil Corp., whose North American portfolio washes across eight million net acres, is scooping up more liquids-weighted land and has begun to shift some of its natural gas development to more oily plays, the company’s top guns told financial analysts on Thursday.
March 9, 2012
Most Pennsylvania Counties Back Marcellus Impact Fee Implementation
When Gov. Tom Corbett approved Act 13 last month, he gave county officials across the state 60 days to impose an annual fee on unconventional gas wells, or to opt-out. With five weeks until the April 14 deadline, almost all of the eligible counties are on the road toward imposing the fee, but the biggest potential hold-out also happens to be the most active county in the Marcellus Shale (see Shale Daily, Feb. 15).
March 6, 2012
Most PA Counties Back Marcellus Impact Fee Implementation
When Gov. Tom Corbett approved Act 13 last month, he gave county officials across the state 60 days to impose an annual fee on unconventional gas wells, or to opt-out. With five weeks until the April 14 deadline, almost all of the eligible counties are on the road toward imposing the fee, but the biggest potential hold-out also happens to be the most active county in the Marcellus Shale (see Daily GPI, Feb. 15).
March 6, 2012
Snow, Cold Prop Up Northeast Cash, Futures
Cash prices weakened across most points Friday as traders attempted to navigate the tricky three-day trading window with lower weekend demand followed by a higher demand start to the week.
March 5, 2012
Many Sectors Blooming in Low Gas Price Environment
North America’s natural gas prices, now at their lowest level in 10 years, may not be helping explorers, but positive impacts are being felt across a variety of industries inside and outside the energy sector, according to an analysis by Moody’s Investors Service.
March 5, 2012
Many Sectors Blooming in Low Gas Price Environment
North America’s natural gas prices, now at their lowest level in 10 years, may not be helping explorers but positive impacts are being felt across a variety of industries inside and outside the energy sector, according to an analysis by Moody’s Investors Service.
March 2, 2012
TransCanada Splits Keystone XL Pipeline Project
TransCanada Corp. on Monday notified the U.S. State Department that it intends to file in the “near future” a Presidential Permit application for a cross-border permit for part of the original $7 billion, 1,700-mile Keystone XL oil pipeline project running from the U.S.-Canada border in Montana to Steele City, Nebraska. The Calgary-based pipeline company said it eventually would file a supplement to the new application with an alternative route in Nebraska.
February 28, 2012
Canadian Drilling Forecast Slashed
A total of 13,350 wells are expected to be drilled across Canada in 2012, 1,750 (11.6%) fewer than previously forecast but still 4% more than the 12,917 wells drilled in 2011, according to the Petroleum Services Association of Canada (PSAC).
January 30, 2012
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