Assumed

Shale Gas to Carry New York City Demand by 2025, Says ICF

Shale natural gas produced in the Northeast will supply more than 80% of the physical gas going to New York City by 2025, according to ICF International.

August 29, 2012

Ohio’s Wayne National Forest Gets OK for Unconventional Drilling

The supervisor of Ohio’s Wayne National Forest (WNF) on Monday said an in-depth study has proved that there is no need to amend the forest’s six-year-old land and resource management plan nor to supplement the environmental impact statement (EIS) to address possible surface impacts from unconventional drilling.

August 28, 2012

Gas Industry Had Early Access to New York Rules, Says Group

Natural gas industry representatives were granted early access to New York’s preliminary unconventional drilling regulations up to six weeks before the rules were made public, the public health advocate Environmental Working Group (EWG) claimed on Thursday, citing documents obtained under a Freedom of Information (FOI) request.

June 29, 2012

Industry Brief

Even if all drilling rigs were removed from the northern Marcellus Shale region and current drilling ceased, dry gas production in northeastern Pennsylvania would continue growing for 16 months, thanks to a large inventory of nonproducing wells and high initial production (IP) rates, Bentek Energy LLC said in a market note. “In fact, if zero rigs were operating there, production could still grow from approximately 4.1 Bcf/d today to 5.4 Bcf/d by September 2013, a 31% increase that results exclusively from working off the existing backlog of 1,000 nonproducing wells in the region,” the firm said. The assumptions in its analysis are that the 12-month average completion rate is carried forward and the average IP rate in the area is 6,500 Mcf/d. A “typical” Marcellus decline curve is also assumed. Potential pipeline capacity constraints were not included in the analysis.

May 25, 2012

Pennsylvania Natural Gas Impact Fee Almost There

As a compromise bill to impose an impact fee on unconventional natural gas plodded through the Pennsylvania legislature Tuesday, Gov. Tom Corbett assumed a favorable outcome, commending lawmakers for their cooperation, saying he was “looking forward to signing the legislation into law.”

February 8, 2012

Pennsylvania Natural Gas Impact Fee on Its Last Lap

As a compromise bill to impose an impact fee on unconventional natural gas plodded through the Pennsylvania legislature Tuesday, Gov. Tom Corbett assumed a favorable outcome, commending lawmakers for their cooperation, saying he was “looking forward to signing the legislation into law.”

February 8, 2012

Low Gas Prices Help Sour Independent Power, S&P Says

Abundant natural gas, including shale, is playing a significant role in continuing the three-year slide in electric power prices and the downbeat outlook for independent power producers, say analysts.

January 20, 2012

S&P Cuts Gas Price Assumption on Abundance

Standard & Poor’s Ratings Services (S&P) has revised its natural gas pricing assumptions downward for 2012 and 2013 and added its oil and natural gas price assumptions for 2014.

November 21, 2011

S&P Cuts Gas Price Assumption on Abundance

Standard & Poor’s Ratings Services (S&P) has revised its natural gas pricing assumptions downward for 2012 and 2013 and added its oil and natural gas price assumptions for 2014.

November 17, 2011

National Fuel More than Doubles Appalachian Production

National Fuel Gas Co.’s Seneca Resources Corp. more than doubled fiscal fourth quarter production from its activities in Appalachia. This contributed to better Seneca results and for National Fuel overall during the quarter and fiscal year.

November 7, 2011
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