Demonstrate

The oil and natural gas industry in New York State is “imperiled” and “in crisis” because of the ongoing delay over whether to allow hydraulic fracturing (fracking) in the state, according to a letter sent Monday to Gov. Andrew Cuomo by the Independent Oil & Gas Association of New York (IOGA).

Thanks to Pennsylvania air quality regulations and the “increased use of natural gas in the power generation sector,” Pennsylvania Department of Environmental Protection (DEP) Secretary Mike Krancer said air pollution has “gone down considerably” within the state since 2008, even as the unconventional production of shale oil and gas ramped up.

Dominion and Caiman Energy II LLC on Thursday said they are forming Blue Racer Midstream LLC, a $1.5 billion joint venture (JV) that would provide midstream services to natural gas producers operating in the Utica Shale in Ohio and portions of Pennsylvania.

Investors expecting dour third quarter earnings from Dow Chemical Co. one day after the company reported plans to cut approximately 2,400 jobs were given a bit of a surprise Wednesday as the chemical giant reported better-than expected earnings, thanks in part to abundant and low-priced natural gas.

Eagle Ford Oil & Gas Corp. has been watching the producer activity around its more than 3,600 acres in Frio County, TX, and is working to raise capital by the end of the year to start drilling some wells of its own, the company said Wednesday.

Improved well results experienced by Houston-based Crimson Exploration Inc. and other operators continue to demonstrate the economic viability of the Eagle Ford Shale in Zavala and Dimmit counties, TX, said Crimson CEO Allan Keel in announcing the company’s latest well results Monday.

BP plc on Friday promised to operate under more stringent self-imposed standards in the Gulf of Mexico (GOM) deepwater to demonstrate its commitment to U.S. officials that it could operate safely in the aftermath of the Macondo well blowout last year.

BP plc on Friday promised to operate under more stringent self-imposed standards in the Gulf of Mexico (GOM) deepwater to demonstrate its commitment to U.S. officials that it could operate safely in the aftermath of the Macondo well blowout last year.

One day after Shell Oil Co. launched a public relations campaign to showcase its onshore natural gas drilling efforts, ExxonMobil Corp. on Thursday unveiled a website to “give context to the growth of natural gas resources in the United States.”