The United States could produce 5 million b/d from shale oil deposits by 2017 and may become the world’s largest oil producer — reaching up to 16 million b/d in just a few years by combining shale with conventional oil, liquefied natural gas (LNG) and biofuels, according to a researcher at Harvard Kennedy School.
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Go to the Well for More Revenue, Says OK Taxman
An Oklahoma tax break for horizontal wells enacted in 2010 is depriving the Sooner State of revenue that could beef up its rainy day fund and should be reconsidered, the state’s secretary of finance and revenue said.

Oklahoma Taxman: Horizontal Wells Don’t Need Incentive
An Oklahoma tax break for horizontal wells enacted in 2010 is depriving the Sooner State of revenue that could beef up its rainy day fund and should be reconsidered, the state’s secretary of finance and revenue said.
Pennsylvania Impact Fees Total $203M in 2012
Natural gas producers in Pennsylvania have paid most of the $202.7 million owed for 2012 under the drilling impact fee enacted under Act 13 for the Marcellus Shale, state officials said.

Pennsylvania Producer Impact Fees Nearly $203M in 2012
Natural gas producers in Pennsylvania have paid most of the $202.7 million owed under the drilling impact fee enacted under Act 13, the state’s omnibus Marcellus Shale law.
New Mexico County Believed to Be First to Ban Oil, Gas Drilling
In what is believed to be a first in the industry, elected officials in Mora County, NM, have enacted a total ban on oil and gas drilling.

Three California Drilling Bills Advance
Three bills that if enacted would place a moratorium on using hydraulic fracturing (fracking) in drilling operations, as well as review oil and gas drilling practices, have advanced in the California legislature along partisan lines in a body dominated by Democrats.
Colorado County (Again) Extends Permit Moratorium
The Boulder County, CO, commission on Tuesday formally extended a moratorium on new oil and natural gas drilling permits to June 10. However, the commission left the door open to lifting the ban earlier if the county’s new drilling rules are in place.
Ohio Bill Would Require State Registration of Landmen, Disclosures
Legislators and state government officials in Ohio, as well as industry groups, are discussing a bill that, if enacted, would require oil and natural gas land agents to register with the state and provide homeowners with several disclosure forms.
Pennsylvania Appellate Court Sides with Newspapers
An appellate court in Pennsylvania on Friday ordered a lower court to reconsider a request by two newspapers to have court records in a water contamination case unsealed.
Daily Gas Price Index
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Natural Gas Futures, Spot Prices Slump As Supply/Demand Imbalance Worries Fester
Natural gas futures on Wednesday lost ground for the third time in four sessions, succumbing to spring weather expectations and stout production levels. The April Nymex gas futures contract settled at $2.171/MMBtu, down 17.7 cents day/day. May fell 17.8 cents to $2.307. At A Glance: Front month sheds 17.7 cents day/day Next-day cash prices under…
March 22, 2023Mexico Gas Price Index
NGI’s Mexico Gas Price Index is a daily publication covering the developing natural gas market in Mexico. This annual subscription contains relevant prices, coverage of key news events, and proprietary data-rich charts.

Markets
Natural Gas Futures, Spot Prices Slump As Supply/Demand Imbalance Worries Fester
Natural gas futures on Wednesday lost ground for the third time in four sessions, succumbing to spring weather expectations and stout production levels. The April Nymex gas futures contract settled at $2.171/MMBtu, down 17.7 cents day/day. May fell 17.8 cents to $2.307. At A Glance: Front month sheds 17.7 cents day/day Next-day cash prices under…
March 22, 2023Shale Daily
Daily Unconventional Natural Gas (Shale) news and Daily Shale Price Indices at 2-+ points – updated throughout the business day.

Markets
Natural Gas Futures, Spot Prices Slump As Supply/Demand Imbalance Worries Fester
Natural gas futures on Wednesday lost ground for the third time in four sessions, succumbing to spring weather expectations and stout production levels. The April Nymex gas futures contract settled at $2.171/MMBtu, down 17.7 cents day/day. May fell 17.8 cents to $2.307. At A Glance: Front month sheds 17.7 cents day/day Next-day cash prices under…
March 22, 2023