Midwest, California Lead Gains; Futures Slip After Posting 21-Month High

The cash market on average gained 4 cents Wednesday for Thursday delivery as the midsection of the country continued to get lashed by snow, cold and generally winter-like conditions. California and Midwest points were strong, and other market centers posted more moderate gains. At the close of futures trading, June had eased 1.7 cents to $4.326 after posting a new 21-month high at $4.440 earlier in the day. July had fallen 1.5 cents to $4.379, and June crude oil was clobbered, falling $2.43 to $91.03/bbl.

May 2, 2013

Shale Growth Causing NatGas Pipeline ‘Replumbing,’ Says Braziel

The day-in and day-out reports from operators ready to build new natural gas pipelines and natural gas liquids (NGL) midstream infrastructure generally have had one thing in common over the past couple of years: most are for the Marcellus Shale. And that’s not going to change anytime soon, according to industry executives.

April 11, 2013

Water Biggest Worry of Fracking Fearful, Poll Finds

Consumers generally favor increased domestic energy production but have mixed feelings about the current natural gas boom, a recent poll by the University of Texas at Austin (UT) found. In particular, the survey illustrates how sharply divided the public remains over the use of hydraulic fracturing (fracking) for well stimulation.

April 11, 2013

Another Poll Finds Opposition to CNOOC-Nexen Deal

Canadians are generally opposed to the takeover of Calgary-based Nexen Inc. by China’s CNOOC Ltd., an arm of state-controlled China National Offshore Oil Co., according to a new opinion poll that showed practically four-in-five respondents believe foreign governments should not be able to control resources on Canadian soil.

October 18, 2012

California Rig Count Hits 22-Year High

Generally rising crude oil prices pumped up the drilling rig count (53) in California to a 22-year high in July, and a lot of the action is in “urban plays,” previously dormant or downplayed fields from the state’s rich history of oil and natural gas production that are suddenly stirring new drilling.

September 19, 2012
Shale Development Drives Potential U.S. Industrial Rebirth

Shale Development Drives Potential U.S. Industrial Rebirth

Shale gas plays generally, and the still-fledgling Utica play specifically, are promoting the potential for a reemergence of the U.S. industrial sector, according to industry experts who spoke Monday at the opening of the LDC Gas Forum Midcontinent meeting in Chicago.

September 12, 2012

Economic Sense Has BC Gas Heading to Asia, Report Finds

Asian markets offer the best financial outlet for the abundant natural gas supplies in British Columbia (BC), the Canadian Energy Research Institute (CERI) has concluded in a new report.

August 20, 2012

Poll: Fracking’s Faithful Are Unwavering

Over the last year or so hydraulic fracturing (fracking) has become a headline issue, and how one feels about it depends to a good degree on who one is. Generally though, as fracking garners more scrutiny the belief that it is worth doing hasn’t wavered much, a recent poll found.

March 22, 2012

Haynesville Gas Drilling Dries Up, Says Nabors

Thirty-two of the dry natural gas rigs operated by Nabors Industries Ltd. in the Haynesville Shale have been redeployed to liquids areas “and we expect more of the remaining 26 to be diverted” soon, CEO Tony Petrello said late Tuesday.

February 23, 2012

Nearly All Points Fall, Ending Rising Streak

Strange creature, this spot gas market. Prices rise for two days when generally mild weather doesn’t appear to justify it; then when heating load-boosting cold either begins to show up or is in the next-day forecasts, the climb falters Wednesday and all trading locations but one drop. Only two of the declines were by less than double-digit amounts.

January 12, 2012
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