Deep

A House Appropriations subcommittee last Thursday voted out a $27.5 billion spending bill that makes deep cuts in funding for the Interior Department and Environmental Protection Agency (EPA) in fiscal year (FY) 2012, but is favorable to oil and natural gas producers.

If recently announced drilling programs are any indication, 2011 could be the biggest year to date for Utica Shale exploration.

Next-day Electric Reliability Council of Texas (ERCOT) power prices dug deep into triple digits Wednesday in the wake of a massive winter storm.

The Riverstone/Carlyle Global Energy and Power Funds Monday announced completion of the acquisition of USA Compression Holdings LP, the parent company of USA Compression Partners LLC, a natural gas compression services company headquartered in Austin and Dallas, TX. Terms of the transaction were not disclosed.

The West Virginia Department of Environmental Protection (DEP) is working on a set of draft rules that would require natural gas producers to submit comprehensive water management plans when they apply to drill horizontal wells in the Marcellus Shale.

Continued growth in production of shale gas and recent discoveries in deep waters offshore is expected to increase domestic natural gas production through 2035 and will be reflected in the Energy Information Administration’s (EIA) next Annual Energy Outlook, which is due out in December, according to EIA Administrator Richard Newell.

Continued growth in production of shale gas and recent discoveries in deep waters offshore is expected to increased domestic natural gas production through 2035 and will be reflected in the Energy Information Administration’s (EIA) next Annual Energy Outlook, which is due out in December, according to EIA Administrator Richard Newell.

Continued growth in production of shale gas and recent discoveries in deep waters offshore is expected to increased domestic natural gas production through 2035 and will be reflected in the Energy Information Administration’s (EIA) next Annual Energy Outlook, which is due out in December, according to EIA Administrator Richard Newell.

Offshore the East Coast in the Atlantic Continental Shelf, a treasure trove of energy reserves could be deep beneath the water, holding as much as 37 Tcf of natural gas and 3.8 billion bbl of oil, IHS Cambridge Energy Research Associates (CERA) said late Wednesday.