Forgiven

If it’s difficult to remember the last time Devon Energy Corp. made a big acquisition in North America, most energy know-it-alls would be forgiven. The Oklahoma City-based super independent, then living high off the hog from its Barnett Shale winnings, in early 2003 paid $5.3 billion to buy Houston’s Ocean Energy Inc. (see Daily GPI, Feb. 25, 2003).

If the only newspaper you read is The New York Times, you could be forgiven for thinking that all the news about hydraulic fracturing (fracking) is bad. Still, the good news about fracking — energy security, economic development and jobs — is often drowned out by environmental worries, former commodities trader, analyst, energy author and New Yorker Raymond Learsy told NGI’s Shale Daily.

If the only newspaper you read is The New York Times, you could be forgiven for thinking that all the news about hydraulic fracturing (fracking) is bad. Still, the good news about fracking — energy security, economic development and jobs — is often drowned out by environmental worries, former commodities trader, analyst, energy author and New Yorker Raymond Learsy told NGI.

Natural gas enthusiasts can be forgiven for thinking the shale revolution is unstoppable. North America now has more gas underfoot than anyone could have imagined a few short years ago. But that doesn’t mean shale gas and its fans are without challenges.

Natural gas enthusiasts can be forgiven for thinking the shale revolution is unstoppable. North America now has more gas underfoot than anyone could have imagined a few short years ago. But that doesn’t mean shale gas and its fans are without challenges.

Producers in Canada could be forgiven if they feel like they’re in a boxing match with their U.S. counterparts. Marcellus Shale production and the coming Ruby Pipeline offer a one-two punch that will knock Canadian gas out of the Lower 48 ring, according to Bentek Energy LLC.

Producers in Canada could be forgiven if they feel like they’re in a boxing match with their U.S. counterparts. Marcellus Shale production and the coming Ruby Pipeline offer a one-two punch that will knock Canadian gas out of the Lower 48 ring, according to Bentek Energy LLC.

Gas buyers could have been forgiven Monday for modifying apopular movie’s catchphrase and screaming, “Show me the weather!” Autility buyer reporting “beautiful” conditions outdoors in theNortheast said it seemed odd that prices could continue to rise inthe face of moderate weather in most major market areas outside theSouth. Cash quotes ranged from flat to barely higher at Northeastcitygates to as much as 15 cents up at the PG&E citygate. Mostgains tended to be on either side of a nickel.