Bode

Consol Energy has drilled its first Upper Devonian Shale well, in Greene County, PA, with results that bode well for the 300,000 acres it controls with commercial Upper Devonian potential.

U.S. shale natural gas production today is half the size of the global liquefied natural gas (LNG) business, which doesn’t bode well for those with designs on imports but is a positive for proposed export facilities, the Houston-based chief of Gazprom Marketing & Trading USA (GM&T) said Monday.

While the energy industry generally applauded the re-election of President Bush, seeing it as favorable for energy projects, large and small, others focused more on Capitol Hill, pointing to the increased majorities racked up for Republicans in both the Senate and House of Representatives, bolstering the chances that comprehensive energy legislation will get through Congress next year.

Republicans on Tuesday added to their majorities in both the Senate and House of Representatives, bolstering the chances that comprehensive energy legislation will get through Congress next year, a legislative expert said.

Republicans on Tuesday added to their majorities in both the Senate and House of Representatives, bolstering the chances that comprehensive energy legislation will get through Congress next year, a legislative expert said.