Finally

When U.S. natural gas prices finally moved into $4.00/MMBtu territory earlier this year, there wasn’t any rush to ramp up onshore activity, but as each month passes, it’s becoming clear that a “large wave” of domestic demand is about to unfold, according to Barclays Capital.

When U.S. natural gas prices finally moved into $4.00/MMBtu territory earlier this year, there wasn’t any rush to ramp up onshore activity, but as each month passes, it’s becoming clear that a “large wave” of domestic demand is about to unfold, according to Barclays Capital.

With seemingly more oil and gas development going on in Texas than ever, perhaps it’s time to finally change the name of the state’s principal regulator of the industry to something that reflects its purpose, something other than Railroad Commission of Texas (RRC).

With seemingly more oil and gas development going on in Texas than ever, perhaps it’s time to finally change the name of the state’s principal regulator of the industry to something that reflects its purpose, something other than Railroad Commission of Texas (RRC).

FERC Tuesday approved Equitrans LP’s request to abandon by sale its Sunrise Pipeline facilities that are currently under construction to a newly created affiliate, Sunrise Pipeline LLC, which was formed by Equitrans owner EQT Corp.

BP plc’s Atlantis project in the deepwater Gulf of Mexico (GOM), which suffered fits and starts before finally ramping up in 2007, is “presently not fit for service under normal engineering standards,” a lawyer for a former BP contractor — and now whistle-blower — said at a pretrial hearing in Houston Monday.

The cash market finally succumbed to the realities of generally light weather-based demand and the further shrinkage of storage injection options by recording sizeable declines almost across the board Thursday. The November futures contract’s return to losing ways Wednesday following a scant one-day rally Tuesday was a further bearish influence.

Finally responding to the 40.2-cent drop in front-month natural gas futures values from last Thursday’s high of $4.983, cash point averages across the board came off significantly on Tuesday for Wednesday delivery.

Surrounded by disruptions of the Middle East oil supply and nuclear devastation in Japan, President Obama finally recognized the virtues of home-grown natural gas last week, labeling it “first” among the options available to shore up U.S. energy policy.