Degrees

September natural gas is set to open a penny lower Tuesday morning at $3.93 as forecasters see near-term warmth as short-lived. Overnight oil markets gained.

August natural gas is expected to open 5 cents lower Tuesday morning at $4.41 as traders factor in reduced industrial demand over the upcoming holiday weekend and discount tropical activity. Overnight oil markets rose fractionally.

June natural gas is set to open 4 cents lower Monday morning at $4.49 as traders discount most concerns that timely storage refill will be a significant problem. Overnight oil markets rose.

Despite an increasing number of policies worldwide designed to reduce the effects of climate change, global emissions of greenhouse gases (GHG) have risen to unprecedented levels and grew faster between 2000 and 2010 than in each of the three previous decades, according to members of a science panel that works under the United Nations (UN).

Wyoming has hired a new oil/natural gas supervisor, Grant Black, a 30-year geology veteran who will assume his new position May 1. The state has been without a permanent supervisor at the Wyoming Oil and Gas Conservation Commission (OGCC) since long-time incumbent Tom Doll resigned last year after a run-in with Gov. Matt Mead (see Shale Daily, June 18, 2012). Department veteran Bob King has filled in on an interim basis. Once the oil/gas supervisor in Arkansas (1999-2004), Black holds geology degrees from the University of Oklahoma and Oklahoma State University.

The mayor of Dallas has directed city council to form a Gas Drilling Task Force and appointed a former council member to lead the body.

Success at extracting natural gas and natural gas liquids (NGL) from North American shales has turned the conversation about NGLs and the U.S. petrochemical industry around 180 degrees. The abundance of feedstock and fuel coming from shale plays has caught the attention of the petrochemical industry, but still more confidence is needed before the real investment can begin.

Success at extracting natural gas and natural gas liquids (NGL) from North American shales has turned the conversation about NGLs and the U.S. petrochemical industry around 180 degrees. The abundance of feedstock and fuel coming from shale plays has caught the attention of the petrochemical industry, but still more confidence is needed before the real investment can begin.

With temperatures boiling to over 100 degrees up and down the East Coast and traders tallying just how much gas was lost last week due to Hurricane Alex shut-ins, natural gas futures traders explored the upside coming off the long holiday weekend. Despite running higher during the day, the August contract ended up closing at $4.682, down half a penny from Friday’s finish.