Traders Mull Expected Lean Storage Stats; July Called Flat

July natural gas was set to start trading unchanged Thursday morning at $2.47as traders await the release of government storage figures expected to continue the trend of below-average inventory increases. Overnight oil markets fell.

June 9, 2016
Futures Shoot Higher On ‘Reclassified’ Storage Data

Futures Shoot Higher On ‘Reclassified’ Storage Data

Natural gas futures plunged then rallied following the release of government storage figures showing an increase in inventories that was greater than what traders had been expecting.

May 15, 2014

Pressure Mounts to Tighten Rail Tank Car Standards

Pressure is mounting inside and outside Washington, DC, for the Department of Transportation (DOT) to order the retrofit or phase-out DOT-111 tank cars that are used to transport crude oil and ethanol by rail. Proponents of the effort note that a number of the tank cars involved in the fiery crash of tanker cars carrying Bakken crude in Quebec earlier this month were DOT-111 cars.

July 25, 2013

Eagle Ford, Permian Counties Lifted Texas Production in April

According to the Railroad Commission of Texas (RRC), the state’s preliminary April crude oil production averaged 1.6 million b/d, up from nearly 1.2 million b/d in April 2012. The preliminary production figure for April is 48.2 million bbl, up from 35.9 million bbl in April 2012.

July 1, 2013

Geology’s There, but Overseas Shale Gas Still Nowhere

There appears to be no scarcity of global shale gas opportunities, but it may be two years — or longer — before drilling progresses to commercial success, according to Raymond James & Associates Inc.

May 7, 2013
Poll Finds Strong Support for Fracking in North Carolina

Poll Finds Strong Support for Fracking in North Carolina

A Harris Interactive poll found that 60% of North Carolina voters support the use of hydraulic fracturing (fracking) in their state, and 74% support the Tar Heel State moving forward with offshore oil and natural gas exploration and production.

March 27, 2013

ConocoPhillips Teams With PetroChina On Chinese, Australian Targets

Aiming to expand its international unconventional resource opportunities, Houston-based exploration and production independent ConocoPhillips said Wednesday it has entered into a set of agreements with PetroChina Co. Ltd., under which PetroChina will acquire an interest in two Western Australia exploration assets and establish a joint study agreement (JSA) for unconventional resource development in China’s Sichuan Basin.

February 21, 2013
Some U.S. Oil Producers Taking Rail, Barges Over Pipes

Some U.S. Oil Producers Taking Rail, Barges Over Pipes

Oil, the latest growth engine of the U.S. unconventional boom, is spurting up from the ground at an exceptional pace, which is leading many operators to rethink where — and how — they want to deliver their reserves for the best prices.

January 29, 2013
Miss-Understood Lime ‘Unconventional Conventional’ Play

Miss-Understood Lime ‘Unconventional Conventional’ Play

What explorers know about the Mississippian Lime formation could fill a book. What they don’t know about the Midcontinent play could fill a few more, industry experts said Wednesday.

November 29, 2012

Consol Reports Lower NatGas Production, Expects Decline in Earnings

Consol Energy Inc. said Monday that although it reported lower natural gas production for 3Q2012 compared to one year ago, the figure was misleading because of reporting adjustments and its decision in September to idle a southern Virginia coal mine that produced associated gas.

October 17, 2012
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