enery prices

Heinz Endowments Fires Environmental Director

The Heinz Endowments — a Pittsburgh-based philanthropic organization that has given millions to both supporters and opponents of hydraulic fracturing (fracking) — has caused a stir with its abrupt dismissal of its environmental program director, and indications it will be going in new directions.

August 12, 2013

Forays From the Established Eagle Ford into the Tuscaloosa

Producers reporting their operations results in 2Q2013 over the past week indicate no let-up in the work to be done, with liquids/oil growth from the Eagle Ford funding forays into the Tuscaloosa Marine Shale (TMS).

August 12, 2013

Debate Lingers Over Pennsylvania Drilling Law

Thirteen days after Pennsylvania Gov. Tom Corbett signed a controversial drilling bill into law, the debate over how it will affect Marcellus Shale development has taken a new turn after EQT Corp. filed a lawsuit against 69 landowners and a golf course in Allegheny County, PA.

August 12, 2013

Texas Tea, Midcon Sugar Sweetening U.S. Reserves

Smack dab in the middle of the country to the Texas coast, unconventional producers have reported strengthening oil and natural gas output between April and June, with strong contributions from the Permian Basin along with the Fayetteville and Woodford and liquids growth in the Barnett shales.

August 12, 2013

Pennsylvania PUC, DEP Petition State Supreme Court

Just days after a seventh justice was sworn in to the Pennsylvania Supreme Court, the Public Utility Commission (PUC) submitted a request that the high court reconsider its decision to quash an appeal by the commission regarding enforcement of Act 13, the state’s omnibus Marcellus Shale law.

August 12, 2013
Oil, NatGas Industry Employment Grew 40% Over Six Years

Oil, NatGas Industry Employment Grew 40% Over Six Years

In the six years spanning 2007 through 2012, total U.S. private sector employment increased by more than one million jobs, or about 1%. However, over the same period, the oil and gas industry — segmented into drilling, extraction and support segments — increased by more than 162,000 jobs, which equates to a 40% increase,” according to a new study from the U.S. Labor Department’s Bureau of Labor Statistics (BLS).

August 12, 2013
Chesapeake Gives Up Fight to Drill in New York

Chesapeake Gives Up Fight to Drill in New York

Chesapeake Energy Corp. no longer wants to fight the state of New York’s moratorium on unconventional drilling and is allowing leases it holds in the Southern Tier to expire.

August 12, 2013
Unconventional Technology Still in Early Days, Says COGA Panel

Unconventional Technology Still in Early Days, Says COGA Panel

Technological innovations in the oil and gas industry have led to some remarkable discoveries over its 150-year history, but even with the plethora of inventions that have boosted U.S. reserves, there’s still plenty to learn, energy stalwarts said last week at the Colorado Oil & Gas Association’s 25th Annual Rocky Mountain Energy Summit.

August 12, 2013

Natural Gas Guiding Sempra’s Growth

With continued confidence that their proposed Gulf Coast-based liquefied natural gas (LNG) export project will begin construction next year, Sempra Energy senior executives last week said they are looking for other market growth opportunities from the shale-driven U.S. gas supply boom.

August 12, 2013

Risk-Takers Leading Energy Industry, Says Ex-DOE Official

It will be up to risk-taking entrepreneurs –and not Congress– who will lead the way for the oil and natural gas industry, a former U.S. Department of Energy (DOE) official said Wednesday in Denver.

August 12, 2013