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Whiting Eyes Ramp Up in Niobrara, Bakken

Whiting Eyes Ramp Up in Niobrara, Bakken

Denver-based Whiting Petroleum Corp. officials said Friday they expected to greatly ramp up production in both the Bakken and Niobrara shale plays later this year as they reported production for the second quarter that was up substantially from the same period in 2012.

July 30, 2013

Colorado City Drops Drilling Moratorium; Frack Ban Stays

Elected officials in Fort Collins, CO, 60 miles north of Denver, on Tuesday rejected two proposals to extend the city’s oil/natural gas drilling moratorium, which is set to expire at the end of July. The measures were defeated on 4-3 votes of the seven-member city council.

July 22, 2013

NatGas Pipe Permitting Bill Advances to House Energy Committee

A House subcommittee last Wednesday voted out a Republican-sponsored bill that seeks to speed up the permitting of interstate natural gas pipelines by both federal and state agencies.

July 15, 2013
Oklahoma Taxman: Horizontal Wells Don’t Need Incentive

Oklahoma Taxman: Horizontal Wells Don’t Need Incentive

An Oklahoma tax break for horizontal wells enacted in 2010 is depriving the Sooner State of revenue that could beef up its rainy day fund and should be reconsidered, the state’s secretary of finance and revenue said.

July 15, 2013
Industrial Sector Rocketing NatGas Prices Longterm, Says Raymond James

Industrial Sector Rocketing NatGas Prices Longterm, Says Raymond James

The revival of the U.S. industrial sector will be “the most significant driver” to higher long-term natural gas prices, lifted by new ethylene crackers, ammonia plants and natural gas-to-liquids (GTL) facilities fed by unconventional natural gas, according to an analysis by Raymond James & Associates Inc.

June 25, 2013

Pennsylvania Democratic Committee Votes to End Fracking

In a maneuver rendered purely symbolic by the party’s minority status in the state’s legislature, a group of Pennsylvania Democrats recently approved a resolution calling for an end to hydraulic fracturing (fracking) in the state.

June 24, 2013

Virginia Senators Want State in Offshore Leasing Plan

Virginia’s senators, both Democrats, on Wednesday introduced legislation to provide an alternative to the Obama administration’s proposed 2012-2017 offshore oil and gas leasing plan, which excludes Virginia. According to the Energy Information Administration, “resource assessments show that substantial oil and gas reserves could underlie the land beneath Virginia’s offshore waters, which are part of the federally administered Mid-Atlantic Outer Continental Shelf.”

May 24, 2013

Shale Revolution to Keep NatGas Prices ‘Historically Low’

The North American shale revolution “is now deeply entrenched,” and is expected to keep natural gas prices at “historically low prices for some time,” creating both long-term benefits and hardships for a variety of sectors and companies, according to a report issued by Moody’s Investor Services last week.

May 20, 2013

Shale Advantage to Stay in North America, Moody’s Says

The North American shale revolution “is now deeply entrenched,” and is expected to keep natural gas prices at “historically low prices for some time,” creating both long-term benefits and hardships for a variety of sectors and companies, according to a report issued by Moody’s Investor Services on Monday.

May 14, 2013

Shale Revolution to Keep NatGas Prices ‘Historically Low’

The North American shale revolution “is now deeply entrenched,” and is expected to keep natural gas prices at “historically low prices for some time,” creating both long-term benefits and hardships for a variety of sectors and companies, according to a report issued by Moody’s Investor Services on Monday.

May 14, 2013
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