Falling

Barnett Shale: A ‘Bulwark’ Against Hard Times in North Texas

Ten years on, drilling in the Barnett Shale has expanded the economy of the 24-county region in North Texas by 38%, according to a new study that said cumulative economic benefits of the Barnett from 2001 to 2011 include $65.4 billion in gross product for the region and $80.7 billion for the state.

September 28, 2011

Natgas Can’t Resist Siren Call of Weak Oil, Equities; October Down

October natural gas fell hard Friday in a sympathetic move with free-falling equity and oil markets. October lost 17.8 cents to $3.872 and November retreated 17.6 cents to $3.990. October crude oil fared as poorly, losing $2.48 to $86.45/bbl.

September 6, 2011

Heinz Endowment: FracTracker Needs New Home

The Heinz Endowment is looking for another university or entity to host and develop its Marcellus Shale research programs after an apparent falling out with the University of Pittsburgh.

September 5, 2011

Heinz Endowment Seeks New Home for FracTracker

The Heinz Endowment is looking for another university or entity to host and develop its Marcellus Shale research programs after an apparent falling out with the University of Pittsburgh.

September 2, 2011

Alberta Government’s Budget Floating on Shale

A rush for liquids-rich natural gas and tight oil embedded in dense rock formations, using shale drilling methods imported from the United States, is bailing the Alberta government out of sinking deeply into the red.

August 22, 2011

Haynesville Drilling Doubles Louisiana’s Production

Drilling in the Haynesville Shale helped Louisiana more than double its natural gas production in April from two years ago, and production in the Lower 48 states increased 10.6% (6.66 Bcf/d) to 69.05 Bcf/d during the same time period, according to the Energy Information Administration’s (EIA) monthly natural gas report.

July 5, 2011

Shale to Drive Gas Production Surge Through 2035, EIA Says

Production from the nation’s shale plays will grow to 12.2 Tcf in 2035, when it will be 47% of total U.S. production, up from 16% in 2009, according to the Energy Information Administration’s (EIA) “Annual Energy Outlook 2011” (AEO2011), which was released Tuesday.

April 27, 2011

Directional Traders Piling on Short Side of Market; May Slides

May natural gas futures opened higher Monday but quickly tumbled nearly 20 cents to land solidly in the loss column, as falling oil markets were able to tug natural gas lower. At the close May was off by 6.6 cents to $4.138 and June had declined 7.4 cents to $4.190. May crude oil swan-dived $2.54 to $107.12/bbl.

April 19, 2011

Hess Pays $1.05B to Increase Bakken Leasehold

Falling in line with the recent trend of producers targeting more liquid shale plays due to the better economics, Hess Corp. announced it is paying $1.05 billion in cash to acquire 167,000 net acres in the Bakken Shale of North Dakota from TRZ Energy LLC.

November 24, 2010

Cash Market Weighed Down by Continued Screen Weakness

Feeding off of the new 12-month low recorded in front-month natural gas futures on Friday, the cash market responded on Monday by falling at a vast majority of points across the nation. While most cash averages declined by less than a dime, a couple of gains in the nickel to dime range were sprinkled across the country, especially in the East.

October 19, 2010