Emerging

New Brunswick officials are standing firm in their opposition to a moratorium on hydraulic fracturing (fracking) in the province, even as protesters against the practice in the emerging Frederick Brook Shale stage bold acts of civil disobedience.

ConocoPhillips is securing thousands of acres in emerging resource plays across Canada and the United States as it readies to become a stand-alone explorer, a company executive said Wednesday.

A citizens group has reversed its call for a moratorium on hydraulic fracturing (fracking) in New Brunswick after the provincial government unveiled tougher regulations for the emerging Frederick Brook Shale.

A citizens group has reversed its call for a moratorium on hydraulic fracturing (fracking) in New Brunswick after the provincial government unveiled tougher regulations for the emerging Frederick Brook Shale.

New Brunswick officials have unveiled tougher natural gas regulations in the emerging Frederick Brook Shale, but said they would not implement a ban on hydraulic fracturing (fracking).

New Brunswick officials said Thursday that while the province was enacting tougher natural gas regulations in the emerging Frederick Brook Shale, it would not implement a ban on hydraulic fracturing (fracking).

July natural gas futures retreated Wednesday as traders observed interest by systematic traders re-emerging on the sell side, and little concern from surprises in Thursday’s government inventory figures. At the close July was down 7.1 cents to $4.317 and August had skidded 7.3 cents to $4.350. August crude oil added $1.24 to $95.41/bbl.

With both tight gas sands and oil shale development emerging in the state, a California legislator has introduced a bill (AB 591) seeking to require public disclosure of any chemicals used in oil/gas hydraulic fracturing (fracking).

Details are emerging of how the government of Quebec plans to allow companies to drill for shale gas in the province while it conducts a two-year environmental assessment of the growing industry.