A lawsuit filed last week against pipeline companies in Louisiana by the Southeast Louisiana Flood Protection Authority-East (SLFPA-E) is an example of a state agency and its lawyers looking for a big payout, the head of the Louisiana Oil and Gas Association (LOGA) told NGI Wednesday. A lawyer for the plaintiff, however, said his client only wants the pipelines to do their share of the work in restoring protections for the state’s coast.
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Antero’s Marcellus-Focused Output Triples
Antero Resources LLC, the Appalachian Basin-focused powerhouse powered by private equity giant Warburg Pincus, said Monday net production in 1Q2013 jumped 114% year/year and increased 21% sequentially, primarily driven by 24 new wells brought online in the Marcellus Shale.
Cabot Production Up as Marcellus Midstream Expands
Houston-based Cabot Oil & Gas Corp. grew its natural gas production by 31% and its liquids production 61% during the third quarter compared to year-ago levels, the company said. It credited much of the growth to the Marcellus Shale, where infrastructure constraints that delayed some wells during the second quarter have been overcome.
Researchers Looking at Ways to Maximize Natural Gas Development
A team of scientists, engineers and educators from the University of Colorado Boulder (CU-Boulder) has been charged by the National Science Foundation (NSF) to explore ways that maximize the benefits of natural gas development while minimizing potential negative effects.
Fracking Can Hurt Water Supply, Says Colorado NonProfit
Using Colorado as its example, a Boulder, CO-based nonprofit law and conservation group, added its two cents to the growing list of advocate-sponsored studies of hydraulic fracturing (fracking), concluding there are definite impacts on water supplies and the communities they serve from the widespread use of the oil/gas drilling technology.
Texas Blasts EPA’s Wyoming Frack Findings
The Railroad Commission of Texas (RRC) has dropped its two cents into the debate over the validity of a draft Environmental Protection Agency (EPA) report on the potential link of groundwater contamination to hydraulic fracturing (fracking) in Pavillion, WY.
FERC Says Kern River Can’t Force Contract Terms on Shippers
FERC has blocked Kern River Gas Transmission’s attempt to force shippers within the same class whose contracts are expiring to agree to renew for the same term or face higher rates.
Environmentalists Call For Public Hearings on Shale in BC
Several environmental groups are asking the government of British Columbia to follow the example of Quebec in conducting an environmental assessment of shale gas production.
Winter Gas Prices Remain at Whim of Mother Nature
With mother nature largely in control of the natural gas market, forecasting prices can be a real headache. Winter Henry Hub prices (November-March), for example, could average anywhere from $4 to $11.50, depending on whether temperatures are 13% warmer than normal or 12% colder than normal this winter, Energy and Environmental Analysis Inc. (EEA) said in its latest Monthly Gas Update. EEA’s best guess is an $8.48 winter average at the hub.
Winter Gas Prices Remain at Whim of Mother Nature
With mother nature largely in control of the natural gas market, forecasting prices can be a real headache. Winter Henry Hub prices (November-March), for example, could average anywhere from $4 to $11.50, depending on whether temperatures are 13% warmer than normal or 12% colder than normal this winter, Energy and Environmental Analysis Inc. (EEA) said in its latest Monthly Gas Update. EEA’s best guess is an $8.48 winter average at the hub.