Natural Gas Price Volatility Leads to 4% Sales Increase for Marketers

Natural gas marketers experienced a welcome jump in sales during the second quarter of 2012, according to NGI’s 2Q2012 Top North American Gas Marketers Ranking, with 16 companies overall and eight of the top 10 — including all of the top six — reporting sales increases compared with 2Q2011.

September 11, 2012

Minor Quakes, Injection Well Suspicions Continue in Texas

Concerns over natural gas development and its potential to cause earthquakes continue to linger in Johnson County, TX, after the area has experienced about 10 modest quakes during the last month.

July 17, 2012

Cash Sinks On Low Weekend Demand Despite Heat Wave

Cash points dipped across the country Friday for Sunday and Monday delivery as the brutal heat being experienced in much of the country was expected to dissipate over the weekend. Market points could be in for a rebound Monday after August natural gas futures on Friday finished 10.2 cents higher at $2.824, up 15.6 cents from the previous week’s finish.

July 2, 2012

North Carolina Governor Open to Regulated Fracking

After getting a first hand look at hydraulic fracturing (fracking) operations in Pennsylvania’s Marcellus Shale — and with a comprehensive study of the practice due out in her state later this spring — North Carolina Gov. Bev Perdue on Wednesday said she believes fracking can be done safely.

March 19, 2012

EIA: Record Volumetric Production Hike in 2011

Due in large part to prolific shale gas development, total marketed gas production in the United States in 2011 experienced its largest year-over-year volumetric increase in history, according to the Energy Information Administration’s (EIA) Short-Term Energy Outlook for February.

March 12, 2012

Group: North Carolina Regulations Inadequate for Oil and Natural Gas

A nonprofit organization that conducts reviews of state oil and natural gas regulations has concluded that North Carolina’s Department of Environment and Natural Resources (DENR) has experienced staff but is not adequately prepared to regulate oil and natural gas activities.

March 2, 2012

Industry Brief

Plains All American Pipeline LP’s Plains Gas Solutions experienced a fire Saturday at its Basile gas processing facility near Eunice, LA. One employee was injured and is in stable condition at an area hospital. The cause, extent of the damage and time required to repair the facility are not yet known. The Basile Plant is a 150 MMcf/d cryogenic processing facility. Neither the operation of the Basile Plant nor the fire have any impact on the operations at PAA Natural Gas Storage’s Pine Prairie facility, located nearby, Plains said. Additionally, there is no impact to area gas producers, third-party gas processing facilities or natural gas pipelines.

February 28, 2012

North Slope Oil Well Has ‘Gas Kick’

An Alaska North Slope exploratory oil well that experienced “a shallow gas kick” Wednesday morning did not cause any injuries, but workers were evacuated as a precaution. The incident occurred at the Qugruk 2 drill site near Nuiqsut, about 625 miles north of Anchorage.

February 17, 2012

Natural Gas Prices Dominate Calpine Earnings Report

Calpine Corp., which is one of the nation’s largest independent electricity generators, has experienced major impacts on its mostly natural gas-fired generation plant fleet from continuing low gas prices, according to senior executives who reported more red ink during a conference call with financial analysts Friday.

February 13, 2012

Noble Keeping Marcellus Powder Dry

This year is the first in a multi-year period of growth for Noble Energy Inc. as the company realizes the payoff from “multiple years of exploration success,” CEO Charles Davidson told financial analysts Thursday during an earnings conference call. However, dry gas production from the Marcellus Shale is not part of the windfall, at least not for a while.

February 10, 2012