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Unconventional natural gas — most notably that found in shale rock — is transforming the gas industry. It will be transformational for major international oil companies, too. But that won’t happen right away, according to an analysis by consultant Wood Mackenzie.

Unconventional natural gas — most notably that found in shale rock — is transforming the gas industry. It will be transformational for major international oil companies, too. But that won’t happen right away, according to an analysis by consultant Wood Mackenzie.

A California state survey has found that cancer rates are not disproportionately high in Hinkley, CA, the high desert ranching town where Pacific Gas and Electric Co.’s (PG&E) natural gas transmission pipeline operations dumped toxic water that contaminated local water supplies, resulting in a $333 million settlement. The case inspired the movie “Erin Brockovich.”

For the most part, exploration and production (E&P) company CFOs expect demand for natural gas and oil to increase next year, but they’re looking over their shoulders at international competition and wondering what U.S. lawmakers might do that could make it tougher to earn a buck in the energy patch. These are some of the findings of a survey by consultancy BDO USA LLP released last week.

Some big names in energy and finance have found a new way to invest in the U.S. natural gas and power industries, putting together $2.1 billion to tap into the infrastructure side of the business through real estate investment trusts (REIT).

Some big names in energy and finance have found a new way to invest in the U.S. natural gas and power industries, putting together $2.1 billion to tap into the infrastructure side of the business through real estate investment trusts (REIT).

Only four drinking water wells in Dimock Township, PA, have methane exceeding the Department of the Interior’s (DOI) suggested action levels, according to data released Tuesday by Cabot Oil & Gas Corp., which said the study is further evidence that its natural gas drilling operations did not contaminate groundwater in the area.

Marketers were working overtime in the second quarter, according to NGI’s 2Q2010 Top North American Gas Marketers Ranking, which found that the 22 reporting marketers that also participated in the 2Q2009 survey transacted 126.55 Bcf/d in 2Q2010, an increase of 6.2% compared with the 119.17 Bcf/d they reported in the year-ago period.

Marketers were working overtime in the second quarter, according to NGI’s 2Q2010 Top North American Gas Marketers Ranking, which found that the 22 reporting marketers that also participated in the 2Q2009 survey transacted 126.55 Bcf/d in 2Q2010, an increase of 6.2% compared with the 119.17 Bcf/d they reported in the year-ago period.