Flood

Some state legislators cited storm damage in attempt to revive an anti-drilling campaign.

A flood debris-driven sour gas leak on a wellhead pipeline in the Turner Valley south of Calgary was brought under control at midday Friday, according to the Alberta Energy Regulator and the natural gas production operator, Calgary-based Legacy Oil & Gas Inc.

The re-emerging Mississippian Lime may be cheaper to drill than in some deeper formations, but an abundance of produced water has created a flood of innovative solutions by some operators.

The re-emerging Mississippian Lime may be cheaper to drill than in some deeper formations, but an abundance of produced water has created a flood of innovative solutions by some operators.

Despite the flood of natural gas on the market and stubbornly low prices, higher trading volumes should come as no surprise, according to one market consultant.. read more

The flood of new natural gas supplies from U.S. shale exploration combined with stagnant demand due to the current U.S. economic woes lead natural gas prices to decline across the country by 38-49% from the first six months of 2011 to the first six months of 2012, according to research done by the Energy Information Administration (EIA). While prices are hovering near 10-year lows, at least one market analyst sees a light at the end of the depressed gas price tunnel in 2013.

The flood of new natural gas supplies from U.S. shale exploration combined with stagnant demand due to the current U.S. economic woes lead natural gas prices to decline across the country by 38-49% from the first six months of 2011 to the first six months of 2012, according to research done by the Energy Information Administration (EIA).

The flood of new natural gas supplies from U.S. shale exploration combined with stagnant demand due to the current U.S. economic woes lead natural gas prices to decline across the country by 38-49% from the first six months of 2011 to the first six months of 2012, according to research done by the Energy Information Administration (EIA).

The low price of natural gas may be keeping producers up at night, but it’s helping some Pennsylvania consumers sleep easier.