The 2011 Atlantic hurricane season, which officially begins in just two weeks, will be active but produce fewer tropical storms than previously expected, according to forecasters at MDA EarthSat Weather, who said warming waters in the Pacific Ocean will also keep a lid on summer temperatures.
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Niobrara Gas in Piceance Gets Second Look
The Piceance Basin of Colorado has long been a natural gas producer, but recent results in the Niobrara Shale indicate that the best days may be ahead, Bentek Energy LLC said in a new report.
Arkansas Bills Target Fracking, Air Quality
In Arkansas, home to the Fayetteville Shale, state Rep. Kathy Webb (D-Little Rock) has introduced a quintet of bills targeting the natural gas industry for greater scrutiny of drilling operations. The content of the proposed legislation shows that the lawmaker has hydraulic fracturing (fracking) on her mind.
Much of 2010 Midstream M&A Targeted Shales, Review Finds
Merger and acquisition (M&A) activity in the midstream sector last year got back to the all-time high level of 2006. Nearly all (94%) of the activity last year was driven by spending on gas pipelines and gas gathering and processing facilities in the United States, and shale gas plays featured prominently in that activity, according to the “IHS Herold 2011 Global Midstream M&A Review.”
XTO Doing More With Less
XTO Energy Inc.’s natural gas-weighted production jumped 23% in 3Q2009 from a year ago even with fewer rigs in operation and spending down 5%, the company said last week. The independent now expects annual output will be up by the same amount, 23%, from 2008.
XTO Doing More With Less
XTO Energy Inc.’s natural gas-weighted production jumped 23% in 3Q2009 from a year ago even with fewer rigs in operation and spending down 5%, the company said Wednesday. The independent is now forecasting annual output will be up by the same amount, 23%, from 2008.
Colorado Reports Fewer Applications to Drill
Colorado may approve 38% fewer natural gas and oil drilling permits this year than it did in 2008, the Colorado Oil and Gas Conservation (COGCC) staff said in a report issued on Tuesday.
Traders Favoring Deferred Contracts; July Adds 5.8 Cents
July natural gas futures rose in volatile trading Friday as markets responded to an employment report showing fewer job losses than had been anticipated and traders expressed interest in the more distant portion of the price curve. July natural gas futures rose 5.8 cents to $3.868 and August gained 7.2 cents to $4.042. July crude oil fell 37 cents to $68.44/bbl, and the Dow Jones Industrial Average gained 12 points to 8,763.
EIA: Fewer Storage Providers Mandate End-of-Season Drawdowns
Fewer storage service providers are requiring customers to draw down their storage levels at the end of the winter heating season, the Energy Information Administration (EIA) said in a new report released last Monday.
EIA: Fewer Storage Providers Mandate End-of-Season Drawdowns
Fewer storage service providers are requiring customers to draw down their storage levels at the end of the winter heating season, the Energy Information Administration (EIA) said in a new report released Monday.