Natural gas marketers experienced a welcome jump in sales during the second quarter of 2012, according to NGI’s 2Q2012 Top North American Gas Marketers Ranking, with 16 companies overall and eight of the top 10 — including all of the top six — reporting sales increases compared with 2Q2011.
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Cabot Hits Record Output in Marcellus
Cabot Oil & Gas Corp. announced Tuesday that its gross production in the Marcellus Shale has averaged more than 700 MMcf/d for the last two weeks, hitting a record 752 MMcf for one 24-hour period.
Shale Gas: An Opportunity Wrapped in a Dilemma
Low prices have made dry gas from shales a producers’ problem and an end-user’s dream. But interests at both ends of the market do agree that the right gas price — the equilibrium price — would make shale gas a boon for the country.
Report: Energy Development, Exports Add up to $5 Trillion U.S. Benefit
Hydrocarbon resources — oil, natural gas and coal — in North America are more than four times the resources existing in the Middle East, and the United States is now the fastest-growing producer of oil and natural gas in the world, according to a new report from the Manhattan Institute for Policy Research.
Economist: Don’t Get Too Comfy, Shale Fans
“The more people think things are going to stay the same, the more surprising it will be when they change,” might be an apt revision of an old proverb for today’s shale gas industry.
IHS CERAWeek: SEAB Chair Says Nobody ‘Convicting’ Shale Gas
What a difference a year makes. When President Obama directed Energy Secretary Steven Chu last March to establish a subcommittee to assess the environmental impacts of shale gas drilling, industry interpreted this as bad news. But last Tuesday members of the subcommittee went as far as to defend the industry and criticized detractors of both hydraulic fracturing (fracking) and shale gas development.
IHS CERAWeek: SEAB Chair Says Nobody ‘Convicting’ Shale Gas Industry
What a difference a year makes. When President Obama directed Energy Secretary Steven Chu last March to establish a subcommittee to assess the environmental impacts of shale gas drilling, industry interpreted this as bad news. But Tuesday members of the subcommittee touted the industry and criticized detractors of both hydraulic fracturing (fracking) and shale gas development.
Pennsylvania Nearing Finish Line for Impact Fee
Pennsylvania state lawmakers have apparently reached a deal for the impact fee they hope to impose on natural gas drilling by splitting the difference between two competing proposals.
Statistics Affirm Texas Energy Capital Status
While Texas natural gas production, prices and revenues fell in 2011, the state’s oil production, prices and revenues more than made up the difference, driving a 15% increase in industry employment, according to the Texas Petro Index (TPI) year-end numbers for 2011.
New York Juggernaut: Laws, Politics, Industry Bypass
Supporters and critics of natural gas development often point to Pennsylvania and New York as two different approaches to regulating shale, but that difference may have been more of an inevitability than a choice, according to a panel of experts speaking in Pittsburgh Wednesday.