Chesapeake Participating in EPA Fracking Study

Chesapeake Energy Corp. has agreed to allow the Environmental Protection Agency (EPA) conduct extensive tests at one of its drilling sites as part of the federal agency’s ongoing investigation into the safety of hydraulic fracturing (fracking). Range Resources Corp. also may allow EPA to work at one of its drilling sites.

January 25, 2013

Dreaming of a White Christmas?

This year likely will finish as the warmest since “at least” 1950 across the United States, but enough cold air is on the radar to spread snow to areas that have been without on Christmas for a few years, according to

December 24, 2012

Futures, Physical Stage Broad Advance; October Exits Like A Lion

The cash market advanced nearly 8 cents on average Wednesday, buoyed by an exuberant screen and a strong finish by the expiring October contract. The gains were widespread with some regions posting a double-digit advance. The Great Lakes, East and California all vaulted higher. At the close of futures trading October had zoomed 9.9 cents to end at $3.023 and November added 11.0 cents to $3.215. November crude oil shed 56 cents to $91.37/bbl.

September 27, 2012

Cash, Futures Inch Higher, But Fundamentals Don’t Support a Run

Rebounding from a weak finish to the previous week, a majority of physical natural gas points around the country on Monday moved higher from a nickel to nearly 15 cents. The cash market might be able to keep the upward momentum rolling for another day if traders are swayed by the futures action Monday, which saw September gas climb 5.7 cents to close the regular session at $2.776.

August 21, 2012

EIA: Gas Heating Costs Set to be Lowest in Nine Years

U.S. household expenditures for natural gas this winter are on track to be the lowest in nine years, while consumption is poised to finish the 2011-2012 heating season at a 10-year low, according to the Energy Information Administration (EIA).

March 12, 2012

Cabot Says Duplicate EPA Tests in Dimock Undermine Policy

Cabot Oil & Gas Corp. says it is “disappointed” and “concerned” over a decision by the U.S. Environmental Protection Agency (EPA) to conduct water sampling in Dimock Township, PA, saying the action duplicates a state investigation, causes regulatory uncertainty and conflicts with Obama administration policy.

January 27, 2012

Cabot Closes Out ‘Best Year’ in Marcellus

Houston-based Cabot Oil & Gas Corp. burst through the finish line in 2011, averaging 600 MMcf/d from the Marcellus Shale at the end of the year, including one day where it produced a record 606 MMcf. The independent also earned the distinction of being the best-performing stock on the Standard & Poor’s 500 in 2011.

January 9, 2012

New York Assembly Once Again Pushes Fracking Ban

The New York Assembly has overwhelmingly approved legislation to limit hydraulic fracturing (fracking) in the state’s portion of the Marcellus Shale, but whether the latest attempt to limit drilling will be approved in the state Senate remained a question on Tuesday.

June 8, 2011

Exelon, Constellation File $8B Merger at FERC

Moving their $8 billion stock-for-stock merger deal another step closer to the finish line, Exelon Corp. and Constellation Energy late last week filed an application for approval by FERC, which contained a list of divestitures aimed at eliminating any market power concerns held by regulators.

May 24, 2011

Northeast Dives at Odds With General Firmness

Subfreezing lows will be left in the wake of an icy coastal storm moving out to sea, but Northeast residents will no doubt welcome the chance to finish cleaning up in relatively dry conditions after the devastating blizzards in the middle of last week. Thus Northeast citygates took nearly all of Tuesday’s price hits ranging from about 40 cents to the $1.50 area (the Florida citygate chipped in with a loss of about a nickel).

January 19, 2011
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