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Low natural gas prices didn’t deter U.S. operators from boosting upstream spending in 2012, according to data compiled by Ernst & Young.

The U.S. unconventional boom is far from over, but exploration and production (E&P) operators face a “reality check” from an increasingly stringent regulatory environment and “very real limitations” to domestic natural gas and oil infrastructure, according to BDO USA LLP.

Tony Clark may have traded in his state regulator’s hat for a seat at FERC, but he has not changed his opinion that states are better equipped to oversee the regulation of hydraulic fracturing (fracking) than the federal government.

The price of domestic natural gas isn’t going to increase significantly any time soon, said Royal Dutch Shell plc CEO Peter Voser, but that didn’t stop the company from having its best fourth quarter since 2006.

Seneca Resources Corp. has reduced its outlook in the Marcellus Shale after long-time joint venture (JV) partner EOG Resources Inc. said it didn’t expect to drill the minimum number of wells that were defined under an area of mutual interest (AMI).

Two and a half million gallons sounds like a lot of water, and producers can use that much and more to stimulate a well with hydraulic fracturing (fracking), but other uses consume a lot more, ExxonMobil CEO Rex Tillerson told an audience on the Council on Foreign Relations Wednesday.

It didn’t take that long for the horizontal drilling technology and hydraulic fracturing stimulation technique that unlocked huge stores of unconventional natural gas to be transferred to the oil patch, and now oily producers face as bleak a future for prices and activity as their gassy brethren, energy analysts with Raymond James & Associates Inc. said last week.

The U.S. Geological Survey (USGS) said it estimates that five Mesozoic shale basins along the East Coast collectively hold a mean of nearly 3.9 Tcf in undiscovered natural gas and 135 million bbl of undiscovered natural gas liquids (NGLs), according to an abstract released Wednesday.

It didn’t take that long for the horizontal drilling technology and hydraulic fracturing stimulation technique that unlocked huge stores of unconventional natural gas to be transferred to the oil patch, and now oily producers face as bleak a future for prices and activity as their gassy brethren, energy analysts with Raymond James & Associates Inc. said Monday.