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Energy Independence in Sight, Says Chesapeake’s Dunham

With the “right kind of leadership” and regulatory environment, the United States could be just 10 years from achieving energy independence, Chesapeake Energy Corp.’s nonexecutive Chairman Archie Dunham said Friday.

June 17, 2013

Rosetta, Carrizo Enjoying Eagle Ford Success

The Eagle Ford Shale continued to drive results for Houston-based Rosetta Resources Inc. last year, leading the company to record production, reserves and cash flow. The South Texas play also lifted Carrizo Oil & Gas Inc.

March 4, 2013

Eagle Ford-Focused Rosetta Set Production Record Last Year

The Eagle Ford Shale continued to drive results for Houston-based Rosetta Resources Inc. last year, leading the company to record production, reserves and cash flow.

February 28, 2013

Shell CEO: Shale Output Will Continue to Hold Down NatGas Prices

Production from North American shale plays will continue to keep natural gas prices from increasing significantly any time soon, Royal Dutch Shell plc CEO Peter Voser told financial analysts in London Thursday.

February 4, 2013

Industry Briefs

The American Petroleum Institute (API) has launched a television and print ad campaign in Washington, DC, and in several states to drive home the importance of a favorable tax code in developing domestic domestic oil and natural gas and creating jobs. “Taxes on the industry are a key energy issue, and, as our Election Day polling showed, voters are skeptical about targeting the industry for higher taxes. To encourage members of Congress who are part of that conversation with voters, we’re launching new television and print advertising inside the [Washington, DC] beltway and in selected states,” said Khary Cauthen, API senior director of federal relations. Both the print and television ads will run for two weeks in the DC area, as well as New Mexico, North Carolina, Virginia, Arkansas, Alaska, Colorado and Louisiana. President Obama has proposed eliminating $4 billion annually in tax breaks for oil and gas producers. “Raising our taxes is not the answer. We already are taxed at a higher rate than [many] other industries,” an API spokesman said.

November 19, 2012

API Ad Campaign Opposes Higher Oil, Gas Taxes

The American Petroleum Institute (API) launched a television and print ad campaign on Wednesday in Washington, DC, and in several states to drive home the importance of a favorable tax code in developing domestic domestic oil and natural gas and creating jobs.

November 16, 2012

IEA: Coal-to-Gas Switch Drops U.S. CO2 Emissions

Growing use of gas-fired power plants in the United States is helping, to a large extent, to drive down the country’s emissions of carbon dioxide (CO2), according to the International Energy Agency (IEA). Since 2006, the United States has led the world in cutting CO2 emissions, the agency said recently.

June 11, 2012

Texas Town’s Drilling Supporters Fall Short of Petition Goal

Citizens for Property Rights (CPR), a five-member group that opposes what members believe are too-strict restrictions on gas drilling imposed by the city of Southlake, TX, failed to get enough signatures on a petition to relax some of the rules. However, CRP Chairman Stephen Oren said the group will try again.

May 31, 2012

API’s Gerard Says Ohio Experiencing Energy ‘Rebirth’

Speaking at the City Club of Cleveland last Friday, the head of the American Petroleum Institute (API) said the state of Ohio is experiencing an energy “rebirth” as a result of the surge in shale gas development and that it could be a game changer for jobs and economic growth in the state.

May 15, 2012

Industry Briefs

The Eagle Ford Shale will drive a 15% increase in onshore gas production from the Texas Gulf Coast by November, offsetting declines elsewhere in Texas, according to Bentek Energy LLC. The firm said it expects Texas to be “increasingly long gas in the near term as Eagle Ford production growth continues to outpace demand,” putting downward pressure on regional prices. According to Bentek’s Texas Observer, the state’s supply is up by 1 Bcf/d, or 5%, from a year ago, with the increase driven by growth in onshore production. Demand is up only 0.6 Bcf/d over the same period, according to Bentek. “Due to the combination of Marcellus [Shale] pushback and milder winter weather, net Texas outflows have declined nearly 0.4 Bcf/d since this time last year. As a result, Texas is currently 0.8 Bcf/d longer supply than year-to-date 2011,” Bentek said.

April 16, 2012
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