Two counties in western Pennsylvania, a red hot region of the Marcellus Shale, were among the top 10 in the nation for employment gains in large counties between March 2010 and March 2011, according to the U.S. Bureau of Labor Statistics.
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Want Jobs? Drill Shale, Statistics Indicate
Two counties in western Pennsylvania, which is in a red hot region of the Marcellus Shale, were among the top 10 in the nation for employment gains in large counties between March 2010 and March 2011, according to the U.S. Bureau of Labor Statistics.
Statoil, University of Texas Sign Energy Partnership
Improved development and drainage of shale plays is among the topics researchers at the University of Texas (UT) will investigate as part of an energy partnership agreement signed by UT and Statoil in Austin, TX, Monday.
Traders Sensing Market Shift Send Futures Higher
October natural gas tacked on another healthy gain Wednesday and settled above $4 as traders noted considerable angst among holders of short positions feeling that they did not want to get caught on the wrong side of any market move higher. At the close October had risen 5.9 cents to $4.039 and November had gained 6.3 cents to $4.117. October crude oil dropped for the day by $1.30 to $88.91/bbl.
Gas Deals by California Munis Come Under Scrutiny
A big push begun six to eight years ago among public-sector utilities in California to hedge their bets on natural gas to address growing concerns about wholesale price volatility has come under fire as some municipalities struggle with a recessionary economy and continuing low gas prices.
Enterprise: Shales, Liquids Driving Midstream Buildout
Among those midstream players scurrying to put assets on the ground is Enterprise Products Partners LP, which posted record earnings for the second quarter. During an earnings conference call COO Jim Teague enthused about growth in the Eagle Ford and Haynesville shales, as well as plans to move liquids out of the Marcellus.
Repositioned Devon Reports Record Onshore Production
Devon Energy Corp.’s exit from the Gulf of Mexico last year and the recent sale of its Brazilian assets in order to focus on North American onshore drilling have begun to pay significant dividends for the Oklahoma City-based independent, including record high North American onshore production, CEO John Richels said Wednesday.
Maryland Governor Names Marcellus Study Panel
Representatives of the natural gas industry, environmental organizations and state government are among those that Maryland Gov. Martin O’Malley on Tuesday named to the state’s Marcellus Shale Advisory Commission.
EPA: Gas Distribution Possible Without CNYOG’s Marcellus Project
Central New York Oil and Gas Co.’s (CNYOG) proposed MARC-I Hub Line Project, which would deliver additional Marcellus Shale and Trenton Black River natural gas to Northeast markets, may not be needed, according to the Environmental Protection Agency (EPA).
West Virginia Governor Orders Marcellus Rules
West Virginia Gov. Earl Ray Tomblin issued an executive order Tuesday directing the Department of Environmental Protection (DEP) to begin enforcing several new safeguards on Marcellus Shale drilling, and to identify areas of regulatory concern.