Extraction

Saying extraction is only “half of the job” of capitalizing on the Marcellus Shale, a group of Pennsylvania House Republicans reintroduced legislation on Wednesday to promote the use of natural gas vehicles (NGV) in the state.

Nearly a week after a bill that would temporarily block hydraulic fracturing (fracking) in the Empire State landed on his desk, New York Gov. David Paterson has not decided if he will sign or veto the legislation.

Price volatility, regulatory initiatives and the pressure to use the most advanced extraction technologies command most of the oil and gas industry’s attention, but companies shouldn’t overlook the opportunities that exist for those companies that actively manage their cash and working capital, according to a report by Ernst & Young.

Price volatility, regulatory initiatives and the pressure to use the most advanced extraction technologies command most of the oil and gas industry’s attention, but companies shouldn’t overlook the opportunities that exist for those companies that actively manage their cash and working capital, according to a report by Ernst & Young.

Just two days after Gov. Ed Rendell placed a moratorium on drilling on state forest land, Pennsylvania’s Department of Conservation and Natural Resources (DCNR) and Department of Environmental Protection (DEP) announced a new policy requiring well operators working on state park and forest land to identify all areas of their tracts that will be disturbed by development activities.

Natural gas extraction from the Marcellus Shale led environmental group American Rivers last week to declare the Upper Delaware River the most endangered river in the country. However, stimulating wells using hydraulic fracturing (hydrofracing), which is now done on about 90% of the wells in the country, likely can’t impact surface water, according to shale expert Terry Engelder.

Natural gas extraction from the Marcellus Shale led environmental group American Rivers on Wednesday to declare the Upper Delaware River the most endangered river in the country. However, hydraulic fracturing (hydrofracing) wells, which is now done on about 90% of the oil and gas wells in the country, likely can’t impact surface water, according to shale expert Terry Engelder.

Spending on natural gas extraction in the Haynesville Shale has stuffed so much money in the pockets of some Louisianans that it is akin to winning the lottery, suggests a recent analysis prepared for the Louisiana Department of Natural Resources (DNR).

Spending on natural gas extraction in the Haynesville Shale has stuffed so much money in the pockets of some Louisianans that it is akin to winning the lottery, suggests a recent analysis prepared for the Louisiana Department of Natural Resources (DNR).