Declines

Pennsylvania 2012 Impact Fee Made $102.7M for Localities

Pennsylvania 2012 Impact Fee Made $102.7M for Localities

The Pennsylvania Public Utility Commission (PUC) said Thursday that localities affected by oil and gas drilling in 2012 will collectively receive $102.7 million from impact fee revenue generated by Act 13, the state’s omnibus Marcellus Shale law.

June 14, 2013

Hefty Northeast Plunges Lead Market Lower; Futures Can’t Break $4

Cash natural gas prices fell 6 cents Monday, led by multi-dollar declines at Northeast points. East points were soft as well, and California locations were mixed. At the close of futures trading, July had added 0.7 cent to $3.991 and August was higher by 0.6 cent to $4.009. July crude oil added $1.48 to $93.45/bbl.

June 4, 2013
Pennsylvania Producer Impact Fees Nearly $203M in 2012

Pennsylvania Producer Impact Fees Nearly $203M in 2012

Natural gas producers in Pennsylvania have paid most of the $202.7 million owed under the drilling impact fee enacted under Act 13, the state’s omnibus Marcellus Shale law.

May 15, 2013

Bakken Well Spacing Key, Says MDU CEO

How to space wells in the Bakken Shale remains the “question of the day” for exploration production (E&P) operators working in the play, according to the CEO of Bismarck, ND-based MDU Resources Group Inc.

May 3, 2013

Midwest Strength Unable to Offset Weak East; Futures Retreat

Cash prices eased a penny on average Monday, with modest gains in the Midwest unable to offset declines in the Northeast and East. Major market centers were mixed. Futures prices were pounded lower by forecasts of warmer temperatures in the nation’s midsection, a stark contrast to last week’s outlooks calling for a cooler-than-normal regime. At the close May had fallen 14.1 cents to $4.267 and June was lower by 13.9 cents to $4.298. May crude oil expired at $88.76/bbl, down 75 cents.

April 23, 2013

Broad Gains Trump Northeast Declines; Futures At New Highs

Gas for delivery over the weekend and Monday rose on average 4 cents Friday. Double-digit declines at some Northeast points were easily overcome by broad regional strength, and only a handful of locations showed losses.

April 15, 2013

GOM Output Seen Blowing Past U.S. Onshore

Following three straight years of production declines after the Macondo well blowout, this year likely will be the first for growth in the Gulf of Mexico (GOM) since 2009, but it certainly won’t be the last, according to Raymond James & Associates Inc.

March 25, 2013

GOM Output Seen Blowing Past U.S. Onshore Growth

Following three straight years of production declines after the Macondo well blowout, this year likely will be the first for growth in the Gulf of Mexico (GOM) since 2009, but it certainly won’t be the last, said Raymond James & Associates Inc.

March 20, 2013

Northeast Losses Obscure Overall Gains; Futures Notch New High

Cash natural gas prices overall declined an average of 2 cents Monday, but if the sharp declines posted at a handful of Northeast points are excluded, the overall market would have shown an average rise of 6 cents.

March 12, 2013
Marcellus Drilling Backlog Could Keep Production Growing in ’13

Marcellus Drilling Backlog Could Keep Production Growing in ’13

Although drilling activity in the Marcellus Shale has slowed and some producers have dropped rigs, there is enough of a drilling backlog that, if wells were brought online over a one-year period, production would continue to grow but at a slower pace, energy analysts with Barclays Capital said.

March 8, 2013
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