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New York Bankruptcy Court OKs Norse Lease Sale; CFO Leaving

A bankruptcy court in New York has approved plans by Norse Energy Corp. USA to sell its assets, especially oil and gas leases for about 130,000 net acres in the state’s portion of the Marcellus and Utica shales.

July 31, 2013

Ohio Accepted More Wastewater in 2012, But Now On Decline

Injection wells in Ohio handled more wastewater from oil and gas drilling in 2012, especially from out-of-state sources in the Marcellus and Utica shales, but they are on pace to handle less of the material in 2013.

July 3, 2013
Raymond James: Shale-Driven Infrastructure Boom Has Staying Power

Raymond James: Shale-Driven Infrastructure Boom Has Staying Power

The continued uptrend in North America’s unconventional natural gas and oil supplies and global demand dynamics suggest that the outlook for pipeline and storage infrastructure development may not only be bullish but also long-term, according to analysts with Raymond James & Associates Inc.

May 29, 2013

Williams ‘Marcellus/Utica or Bust’ Strategy Pressuring Pipeline Unit

Energy infrastructure giant Williams, whose pipeline partnership holds a bundle of huge natural gas and liquids operations in the Northeast, expects to see “full ethane rejection” through 2015, which will lead to “near-term headwinds” for the unit, CEO Alan Armstrong said Wednesday.

May 9, 2013
Appalachia a Star in Record Resource Assessment

Appalachia a Star in Record Resource Assessment

The United States has 2,384 Tcf of technically recoverable natural gas, the Potential Gas Committee (PGC) and the American Gas Association (AGA) said Tuesday. That’s more reserves than the PGC has calculated in its 48-year history and beats the previous high seen in 2010 by 486 Tcf.

April 10, 2013
Poll: Ohioans Back Severance Taxes, Especially if Income Taxes Cut

Poll: Ohioans Back Severance Taxes, Especially if Income Taxes Cut

A poll shows a majority of Ohio voters support new severance taxes on hydraulic fracturing (fracking) and natural gas liquids (NGL), especially if the revenue raised is used to cut state income taxes, an idea proposed by Gov. John Kasich.

December 28, 2012

Higher North American Onshore Resource Estimates Forecast for 2013

Higher natural gas and oil resource estimates should continue through 2013 for several onshore unconventional areas, especially in “pockets of the Permian Basin,” the Niobrara formation, as well as the Eagle Ford and “super-rich” Marcellus and Utica shales, according to Credit Suisse.

December 19, 2012

WSI: Northeast Colder Than Normal Through January

The U.S. northern tier will be colder than normal over the next two months, with the northern Rockies and northern Plains in line for especially cold conditions, and Arctic air is expected to be a “frequent guest in [the] largest gas-demand population centers,” according to forecasters at Andover, MA-based Weather Services International (WSI). Above-normal temperatures are expected across the southern United States over the next three months, the forecasters said.

November 26, 2012

WSI: Northeast Colder Than Normal Through January

The United States’ northern tier will be colder than normal over the next two months, with the northern Rockies and northern Plains in line for especially cold conditions, and Arctic air is expected to be a “frequent guest in [the] largest gas-demand population centers,” according to forecasters at Andover, MA-based Weather Services International (WSI). Above-normal temperatures are expected across the southern United States over the next three months, the forecasters said.

November 20, 2012

Three U.S. Shale Plays Lift Marathon Earnings, Output

Marathon Oil Corp.’s third quarter profits jumped 11% year/year on strong revenue growth and increased production, especially from the Eagle Ford Shale.

November 8, 2012
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