Course

The City of Morgantown, WV, and Northeast Natural Energy (NNE) appear to be on a collision course, with the city preparing to pass an ordinance Tuesday night that would ban hydraulic fracturing (hydrofracking), and the company in turn vowing to sue the city if it tries to interfere with its two wells.

A Duke University study released Monday found high levels of leaked methane in well water collected near shale gas drilling and hydraulic fracturing (fracking) sites in the Marcellus Shale play. However, Duke researchers said there was no evidence that fracking fluids contaminated the water wells.

Four members of the House of Representatives introduced sweeping legislation Wednesday that, if enacted, will set the nation on course to rely on natural gas for some of the country’s transportation needs over the next seven years. While the legislation was received warmly by the oil and gas industry, industrial gas users were crying foul.

Chevron Corp. could make a bigger push into U.S. unconventional plays once the acquisition of shale operator Atlas Energy Inc. is completed, CEO John Watson said Friday.

After months of extolling the potential of the Utica Shale to bring jobs and revenue to Quebec, provincial officials on Friday changed course, warning that natural gas development may not be allowed to proceed.

After months of extolling the potential of the Utica Shale to bring jobs and revenue to Quebec, provincial officials on Friday changed course, warning that natural gas development may not be allowed to proceed.

Chevron Corp., which had eschewed domestic shale plays in favor of the deepwater, on Tuesday reversed course, agreeing to pay a total of $4.3 billion to acquire Atlas Energy Inc.’s million-acre-plus U.S. shale leasehold.

The major tail risk event last April changed the course of U.S. and global energy policies, the commodity research chief for Credit Suisse said late last month.

The major tail risk event last April changed the course of U.S. and global energy policies, the commodity research chief for Credit Suisse said last week.