Distance

Agreements between two oil and gas producers and a small Front Range Colorado town have added to the state’s rules covering hydraulic fracturing and depend solely on the state for enforcement. Memoranda of understanding (MOU) inked separately by Encana Oil & Gas Co. and Anadarko Petroleum Corp. with the city of Erie, CO, include several best management practices mutually agreed to with city officials and incorporated into state permitting requirements for new wells.

The answer to some of the environmental concerns about hydraulic fracturing (fracking) in Pennsylvania is a homegrown synthetic proppant that could be used instead of sand, according to Nittany Extraction Technologies, a company founded by two Pennsylvania State University engineering professors.

It’s a long way from New York City to Shreveport, LA, in more ways than one, but that distance was bridged recently when a Gotham-based news website gave props to the capital of the Ark-La-Tex for its hospitality to recent college graduates. In other words, there are jobs down there, the Yankees heard. And that’s thanks mainly to the Haynesville Shale.

It’s a long way from New York City to Shreveport, LA, in more ways than one, but that distance was bridged recently when a Gotham-based news website gave props to the capital of the Ark-La-Tex for its hospitality to recent college graduates. In other words, there are jobs down there, the Yankees heard. And that’s thanks mainly to the Haynesville Shale.

Former Quebec Premier Lucien Bouchard, who now serves as president of the Quebec Oil and Gas Association (QOGA), said the organization welcomed the provincial government’s response to a report on hydraulic fracturing (hydrofracking) in the Utica Shale play.

After coming within spitting distance on Monday of the $3.155 low for the move recorded on April 27, August natural gas futures rallied a bit on Tuesday as a fair amount of short-covering came into the market. The prompt-month contract gained 16.6 cents Tuesday to close at $3.429.

The trading risk control practices of energy companies are evolving, but they have some distance to go before they reach the level of risk management practiced by financial institutions, Standard & Poor’s (S&P) said, reporting on its recent review of the risk management policies, infrastructure and methodologies (PIM) of 10 energy trading companies with significant marketing operations with attendant risks.

The trading risk control practices of energy companies are evolving, but they have some distance to go before they reach the level of risk management practiced by financial institutions, Standard & Poor’s (S&P) said, reporting on its recent review of the risk management policies, infrastructure and methodologies (PIM) of 10 energy trading companies with significant marketing operations with attendant risks.

The shortest distance between two points doesn’t cut it in the world of natural gas pipelines. By the beginning of 2009, when Phase III of the new Rockies Express (REX) pipeline is operational, it will be cheaper to haul natural gas nearly 2,000 miles from the Rocky Mountain fields of Colorado, Wyoming, Utah and Montana to the northeastern megalopolis than it will be to carry gas approximately 1,300 miles from the Gulf Coast to the Northeast, according to a new report by Bentek Energy.