If any of the growing number of producers delay coal bed methanegas drilling programs in the Powder River Basin, it won’t bebecause production has dried up. Most likely, it will be delayedwhile the Wyoming Department of Environmental Quality wrangles withrequested water pollution permits required for the projects, andfor debates between business and environmentalists over jobs andclean water.
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Powder River Producers Say Hearings May Delay Drilling
If any of the growing number of producers delay coal bed methanegas drilling programs in the Powder River Basin, it won’t bebecause production has dried up. Most likely, it will be delayedwhile the Wyoming Department of Environmental Quality wrangles withrequested water pollution permits required for the projects, anddebates between business and environmentalists over jobs and cleanwater.
Futures Saunter Sideways Ahead of Weekend
After a lower open natural gas futures quickly tested thedownside Friday, but the selling dried up, which uncovered someposition squaring into the weekend. With that the January contractwas able to break its string of losses after three days, finishingup 1.8 cents to $1.858. Estimated volume was a light40,799contracts.