Change

Looking to allay concerns from customers that some of its new product offerings will force a change in how they trade, CME Group issued an open letter Monday that more fully explains how the exchange will operate once Dodd-Frank Wall Street Reform Act regulations on swap dealer registrations go into effect Oct. 12. The exchange also explained in more depth the previously announced rollout of a broad suite of new natural gas and power contracts that will be listed as futures on CME Globex, the New York Mercantile Exchange (Nymex) trading floor and CME ClearPort, and will be available for trading on CME Direct, a platform offering side-by-side trading and straight-through processing and clearing of exchange-listed and over the counter (OTC) energy markets.

Veteran broadcast journalist and anchor Ted Koppel threw the burning brand into an otherwise predictable ‘he-said (Republican) — she-said (Democrat)’ political debate at the Marcellus Shale Gas Insight conference Thursday, questioning the public benefit of exporting liquefied natural gas (LNG).

Sluggish economy and demand have gas market continuing to search for markets, analyst says. read more

When it goes into effect Sept. 10, Ohio’s SB 315 will bring regulatory change to the Ohio Department of Natural Resources (DNR) and four other state agencies, but that’s just the beginning of the changes the oil and gas industry can expect from the legislation, according to Craig Kasper, CEO of project development and engineering company Hull & Associates Inc.

When it goes into effect next month, Ohio’s SB 315 will bring regulatory change to the Ohio Department of Natural Resources (DNR) and four other state agencies, but that’s just the beginning of the changes the oil and gas industry can expect from the legislation, according to Craig Kasper, CEO of project development and engineering company Hull & Associates Inc.

The fourth iteration of the Pennsylvania Department of Environmental Protection’s (DEP) biannual production report issued last week indicated that natural gas production from unconventional wells totaled 894.8 Bcf during the first six months of this year, a figure that includes Marcellus Shale wells along with some targeting the Utica Shale and other formations. Operators also reported producing 672,550 bbl of condensate and 49,194 bbl of oil from January through June.

The University at Buffalo (UB) will not change the operations of the Shale Resources and Society Institute (SRSI), despite a controversy over an SRSI hydraulic fracturing (fracking) study that threatened to overshadow its conclusions, UB said.

Despite two years of decline, BP plc remains firmly atop NGI’s 1Q2011 Top North American Gas Marketers Ranking. read more

When North American operators successfully used technology to tap into unconventional onshore natural gas reserves, it triggered a shift in the markets that has upended activity around the world, but where it leads is still a question to be answered, two long-time market watchers said Thursday.