Fruition

The mayor of Albany, NY, has vetoed an ordinance that would have banned hydraulic fracturing (fracking) within the city limits on the grounds that the state Department of Environmental Conservation (DEC) has not finalized its actions over the practice.

Early results, albeit preliminary and limited, indicate that the Niobrara play in southeast Wyoming is slow in coming to fruition, according to the state’s top oil/gas exploration and production official.

West Virginia believes it can support a chemical industry even if plans to ship Appalachian ethane to Canada and the Gulf Coast come to fruition, an official told a Pittsburgh-area audience Wednesday.

West Virginia believes it can support a chemical industry even if plans to ship Appalachian ethane to Canada and the Gulf Coast come to fruition, an official told a Pittsburgh-area audience Wednesday.

North America’s abundant natural gas resources have begun to weaken Russia’s influence on Europe’s energy supplies and could counter Iran’s influence as an energy supplier, according to research by the Baker Institute Energy Forum at Rice University.

Continuing to unload noncore assets for solid profits in preparation for its liquefied natural gas (LNG), gas storage and pipeline projects coming to fruition in the next three years, Sempra Energy announced Monday it has agreed to sell its exploration and production subsidiary, Sempra Energy Production Co. (SEPCO) to PEC Minerals LP for approximately $225 million in cash. Sempra said it expects to close the deal next momth.

Pipeline construction to tap North Slope natural gas in Alaska continues to inch along toward fruition as the major North Slope gas producers (BP, Phillips, and ExxonMobil) announced that the last four in a series of 10 contracts have been awarded to assess the feasibility of constructing a system to deliver gas from the North Slope to Canada and the Lower 48 states.

Expectations often differ from what actually comes to fruitionin the volatile arena of natural gas futures, and yesterday thatpoint was driven home when a bullish combination of slow-to-resumesupply outages met with a smaller-than-expected storage refill.Traders chased the market higher most of the day, and advances inthe evening computer trading Access session nearly matched theregular pit-trading gains. The November contract received thelargest boost, rocketing 16.8 cents to post a final trade of $2.515last night after briefly settling at $2.433 earlier in the day.