Differences

With only a few days left before the Pennsylvania General Assembly recesses for the year, some groups are calling on lawmakers to pass an impact fee on Marcellus Shale development now, while others are criticizing the bills currently on the table.

Despite significant differences in the amount of natural gas marketed by individual companies and the effects of some major acquisitions, there was a 7.6 Bcf/d increase in the total amount of natural gas transacted by the 24 marketers that participated in both NGI’s 3Q2010 Top North American Gas Marketers Ranking and NGI’s 3Q2009 survey.

Despite significant differences in the amount of natural gas marketed by individual companies and the effects of some major acquisitions, there was a 7.6 Bcf/d increase in the total amount of natural gas transacted by the 24 marketers who participated in both NGI’s 3Q2010 Top North American Gas Marketers Ranking and NGI’s 3Q2009 survey.

An uncertain environment exists for North America’s oil and gas industry because of “sharp differences” in the economic strength between regions, development opportunities, a changing environmental landscape and the upcoming midterm elections, Ernst & Young LLP said in a report Friday.

An uncertain environment exists for North America’s oil and gas industry because of “sharp differences” in the economic strength between regions, development opportunities, a changing environmental landscape and the upcoming midterm elections, Ernst & Young LLP said in a report Friday.

While Democrats and Republicans tried to smooth out their differences in the comprehensive financial regulatory reform bill, Senate Majority leader Harry Reid (D-NV) grew impatient and scheduled the first test vote on the bill for Monday (April 26).

The initial version of a U.S. Senate bill to limit greenhouse gas (GHG) emissions, with some key differences from the climate change bill that passed the House earlier this year, immediately set off a raging debate last week among environmental and business stakeholders faced with battling all over again to protect their turf. It was the first climate measure to include a provision favorable to natural gas, as various supporting congressmen and organizations vowed to gear up activities to expand the role for natural gas in protecting the climate.

Fundamental differences between global crude markets and the domestic natural gas market are unlikely to return to the historic 7:1 ratio price-wise until U.S. shale gas reserves are depleted, gas demand infrastructure is enhanced or more domestic liquefied natural gas (LNG) export capacity is added, energy analysts with Raymond James & Associates Inc. said Monday.

In a deal exchanging disputed oil/gas properties for cash, Calpine Corp. late Wednesday said it had settled its remaining differences with Rosetta Resources Inc., its spinoff to which it sold the bulk of its oil and natural gas properties in the summer of 2005 (see Daily GPI, June 30, 2005). As part of the settlement, Calpine gets a $97 million payment and Rosetta obtains “certain residual oil and gas properties” and a 10-year supply pact from Calpine.