Shares of debt-burdened Quicksilver Resources Inc. fell Monday after the company reported lower profits and said production would be flat this year. Meanwhile, efforts on two joint venture deals continue, as the company targets more liquids-rich production, executives told financial analysts.
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Keystone XL Opponents Blast Nebraska Governor
A TransCanada Corp. official said this week that despite opposition to the Keystone XL oil pipeline, the company is moving forward with plans to refile its application to carry supplies from Canada to the Gulf Coast.
Canada Producer Group Crafts Fracking Practices
The Canadian Association of Petroleum Producers (CAPP) on Monday published hydraulic fracturing (fracking) operating practices for shale and tight natural gas development to improve water management, as well as water and fluids reporting, across the country.
House to Take Up Bill Expanding Energy to Fund Infrastructure Projects
House Speaker John Boehner Monday signaled that the House will take up legislation that will seek to clear the deck for expanded oil and natural gas production, with revenues going towards infrastructure upgrades.
Groups Seek to Block Construction of MARC I Hub Project
Three conservation and environmental groups are seeking to stall the construction of Inergy subsidiary Central New York Oil and Gas Co.’s (CNYOG) MARC I Hub project in northeast Pennsylvania until the company corrects “serious flaws” in its invasive species management plan.
Many Points Up Modestly in Mixed Pricing
With weather, futures, the weekend factor and lack of tropical threat appearing mostly bearish, it wasn’t quite clear how a substantive portion of the cash market managed to achieve small rebounds Friday. But flat to moderately higher numbers showed up at a majority of points, primarily in the Midcontinent/Midwest, Gulf Coast and Rockies.
Bearish Buildup Pushes October Contract Lower
With production and personnel almost completely restored in the Gulf of Mexico (GOM) after Tropical Storm Lee’s passing and Tropical Storm Nate likely to steer clear of U.S. energy interests, traders on Friday put downward pressure on natural gas futures values. The October contract ended up dropping 6.5 cents on the day to close at $3.915, which is 4.3 cents higher than the previous week’s finish.
West Virginia Panel Crafting New Marcellus Bill
A bipartisan panel of 10 West Virginia lawmakers is using legislation that failed to clear both chambers of the legislature earlier this year as the starting point for trying to reach a consensus over Marcellus Shale regulatory reform.
West Virginia Panel Using Failed Bill to Reach Consensus
A bipartisan panel of 10 West Virginia lawmakers is using legislation that failed to clear both chambers of the legislature earlier this year as the starting point for trying to reach a consensus over Marcellus Shale regulatory reform.
Shale Gas to Spur a National Reordering of Pipe Systems
Continuing flat energy demand in a time of record hydroelectric supplies has natural gas stakeholders in the Pacific Northwest watching as the shale gas boom redefines energy delivery patterns and markets. As Ruby Pipeline on Thursday brought an added 1.5 Bcf/d of gas capacity into the West, these stakeholders told NGI’s Shale Daily that a national reordering of gas delivery systems needs to take place before gas’ future role in the region can be determined.