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Pony Express Conversion Project Gets Favorable Environmental Nod

FERC on Friday issued a favorable environmental assessment (EA) of Tallgrass Interstate Gas Transmission’s proposal to convert the Pony Express Pipeline to meet the increasing demand for crude oil transportation service out of the Bakken formation.

June 18, 2013
Sanchez More Than Triples Year-Ago Production

Sanchez More Than Triples Year-Ago Production

Houston-based independent Sanchez Energy Corp. grew its production by more than 350% from a year ago as of the end of the third quarter, said the company, which has a 95,000 net acre position targeting the liquids-rich Eagle Ford Shale, Pearsall Shale, Austin Chalk and Buda Limestone.

October 30, 2012

State Oil and Gas Official Contradicts Wyoming Governor

Wyoming’s state oil/gas supervisor found himself Wednesday cross ways with Gov. Matt Mead regarding the continuing multi-governmental scrutiny of the federal Environmental Protection Agency’s (EPA) two test water wells in natural gas fields near Pavillion, WY. EPA initially identified a possible link between hydraulic fracturing (fracking) and local drinking water contamination.

June 15, 2012

Chesapeake Quarterlies Likely Big Draw This Week

Chesapeake Energy Corp. is scheduled to report quarterly earnings late Tuesday, followed by a 9 a.m. ET conference call the following day that may draw a legion eager to hear from CEO Aubrey McClendon about what is taking place at undoubtedly the most tumultuous period in the corporation’s history.

April 30, 2012

Texas Bills Seek Review of Well Tax Breaks

The tax break for high-cost natural gas wells in Texas — which is of particular importance to producers active in the state’s shale plays — continues to draw attention from lawmakers wrangling with a $27 billion budget shortfall.

April 4, 2011

Texas Legislation Seeks Review of High-Cost Well Tax Break

The tax break for high-cost natural gas wells in Texas — which is of particular importance to producers active in the state’s shale plays — continues to draw attention from lawmakers wrangling with a $27 billion budget shortfall.

April 1, 2011

Buyers Cautious; Weak April Expiration Hard to Interpret

It was difficult for traders to draw any useful conclusions about market direction Tuesday as the April contract expired. For the moment an atmosphere of caution permeates the bullish camp as traders look for Monday’s highs to be breached before making additional buys. At the end of the day April had shed 13.4 cents to $4.240 and May lost 18.5 cents to $4.263. April crude oil rose 81 cents to $104.79/bbl.

March 30, 2011

China Buys into Eagle Ford JV with Chesapeake

With dry gas prices continuing to disappoint, the oil and liquids-rich Eagle Ford Shale in South Texas is continuing to draw numerous investors and billions of dollars from near and far, including most recently China’s CNOOC Ltd. (China National Offshore Oil Corp.) in a deal valued at more than $2 billion.

October 12, 2010

Futures Fall Even Lower; Sub-$4 Ahead?

Harnessing momentum from Thursday’s lackluster 111 Bcf storage draw report, natural gas futures traders on Friday continued to put pressure on the downside of the market, resulting in the April contract closing at $4.400, down 4 cents from Thursday’s regular session finish and 19.3 cents lower than the previous week’s close.

March 15, 2010

Futures Fall Even Lower; Sub-$4 Ahead?

Harnessing momentum from Thursday’s lackluster 111 Bcf storage draw report, natural gas futures traders on Friday continued to put pressure on the downside of the market, resulting in the April contract closing at $4.400, down 4 cents from Thursday’s regular session finish and 19.3 cents lower than the previous week’s close.

March 15, 2010
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