Data

Claims by natural gas bears of a “new normal” in U.S. markets because of the unconventional resource revolution aren’t supported by the underlying data, according to Morningstar analysts Mark P. Hanson and Jason Stevens.

Claims by natural gas bears of a “new normal” in U.S. markets because of the unconventional resource revolution aren’t supported by the underlying data, according to Morningstar analysts Mark P. Hanson and Jason Stevens.

For the fourth time, the U.S. Environmental Protection Agency (EPA) has extended the public comment period for its investigation into groundwater contamination near Pavillion, WY, this time until Sept. 30.

The federal Bureau of Land Management (BLM) office in Rawlins, WY, announced that it will hold a public open house next Tuesday and extend the public comment period into March on a draft environmental assessment for the proposed expansion of natural gas drilling in two counties.

Global upstream oil and natural gas deals in 2012 jumped 50% higher year/year to a record $254 billion in 679 mergers and acquisitions (M&A), according to data compiled by PLS Inc. and Derrick Petroleum Services.

Based on the most recent state data for this year, New Mexico is on track to bust the 80 million bbl oil production level for the first time since the late 1970s, and natural gas is expected to stay level at about 1.2 Tcf, according New Mexico Oil and Gas Association (NMOGA) officials.

Based on the most recent state data for this year, New Mexico is on track to bust the 80 million bbl oil production level for the first time since the late 1970s, and natural gas is expected to stay level at about 1.2 Tcf, according New Mexico Oil and Gas Association (NMOGA) officials.

Pennsylvania continues its support for natural gas use to power vehicles.

Lower 48 U.S. natural gas production during September increased by 0.6%, or 0.45 Bcf/d, from August and was up by nearly 3.9%, or 2.73 Bcf/d, from a year ago, according to the most recent data from the Energy Information Administration (EIA). September production was 73.05 Bcf/d. The revised figure for August production was 72.6 Bcf/d, and September 2011 production was 70.32 Bcf/d.