Calling development of the Marcellus Shale play “a great opportunity” for New York, the Public Policy Institute of New York State Inc. (PPI) said a scenario where 500 gas wells were drilled every year in the state would create 62,620 jobs, $2.7 billion in added value and $1 billion in local, state and federal tax revenue.
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GasMart 2011: FERC: Traditional Flow Routes ‘No Longer the Norm’
Natural gas transmission companies have been keeping FERC busy with project paperwork, as the industry segment tries to adjust to a marketplace being altered by shale gas.
Marcellus Gives Big Boost to EQT 1Q Earnings
EQT Corp. CEO David Porges said the company was “off to a good start” in 2011, but he conceded that more work needed to be done to satisfy shareholders and to meet its strategic challenges.
GOM’s Ultra-Deep Waters to See Increasing Activity
The Gulf of Mexico (GOM), despite the setbacks in the past year, is one of the world’s great producing regions, and an increasing proportion of activity and production will happen in ultra-deep waters, requiring “constant activity, new capital investment and the participation of a set of large and small companies,” PFC Energy said Friday.
More Unconventional Acquisitions Possible, Says Chevron CEO
Chevron Corp. could make a bigger push into U.S. unconventional plays once the acquisition of shale operator Atlas Energy Inc. is completed, CEO John Watson said Friday.
Mexico Long-Term Market for Shale, LNG, Sempra Exec Says
Underscoring what a Canadian research firm said earlier in the month about North American shale and Mexico’s growing gas demand, Sempra Energy’s top gas executive told NGI’s Shale Daily that a strong economy and growing natural gas demand make south of the border an attractive future market for ramped up shale gas production.
Prices Fall at Most Points as Support Erodes
Losing a great deal of air conditioning demand in the South — without enough heating load elsewhere to compensate for it — along with a prior-day futures drop of 18.1 cents proved sufficient to reverse the two-day cash market advance that began this week. Quotes were down in a large majority of the cash market Wednesday.
Prices Fall at Most Points as Support Erodes
Losing a great deal of air conditioning demand in the South — without enough heating load elsewhere to compensate for it — along with a prior-day futures drop of 18.1 cents proved sufficient to reverse the two-day cash market advance that began this week. Quotes were down in a large majority of the cash market Wednesday.
Only MichCon Left Out of Flat to Higher Pricing
With a great deal of assistance from a futures increase just shy of 30 cents on the preceding Friday, weather forecasts remained cold enough to keep prices rising in virtually all of the cash market Monday.
SandRidge Makes Play for Bankrupt Crusader’s Gas Portfolio
SandRidge Energy Inc. is pushing ahead on plans to become a niche natural gas player after throwing down a bid close to midnight Tuesday to buy bankrupt Crusader Energy Group Inc. in a cash and stock transaction worth an estimated $230 million.