An economic impact study released Tuesday by the Ohio Oil & Gas Energy Education Program (OOGEEP) found that more than 200,000 oil and natural gas jobs, generating $12 billion in wages and income, could be created in the Buckeye State’s portion of the Utica Shale by 2015.
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Futures Climb 21 Cents Ahead of Potentially Bullish Storage Report
Breaking out above last Wednesday’s $7.430 contract high, July natural gas futures — assisted by strength in crude and a hot weather forecast — reached a high in Wednesday’s regular session of $7.500 before settling at $7.441, up 21.3 cents on the day.
Wood Wants to ‘Close Out’ Long-Running Dispute over El Paso Capacity
After seven technical conferences and four alternative dispute-assisted settlement conferences addressing the capacity allocation problems on El Paso Natural Gas, FERC Chairman Pat Wood told the pipeline, its customers and state regulators last week that “we kind of need to close this baby out.” El Paso President Patricia Shelton agreed, adding “it’s getting ugly.”