Haven

Ohio will devote time and effort to take part in the Marcellus Shale drilling boom, Gov.-elect John Kasich said last week.

Pennsylvania Gov. Ed Rendell on Thursday said the promised natural gas severance tax for Marcellus Shale production “clearly is dead,” blaming the General Assembly’s GOP members for refusing to “negotiate in good faith.”

Oilfield services giant Schlumberger Ltd. apparently is close to completing a transaction to buy Houston-based Smith International Inc., which is one of the largest drillbit producers in the world.

Oilfield services giant Schlumberger Ltd. apparently is close to completing a transaction to buy Houston-based Smith International Inc., which is one of the largest drillbit producers in the world.

U.S. natural gas prices haven’t hit bottom yet, and they could decline to $2/Mcf “or below” at some point this year, according to forecasts by several leading energy analysts.

U.S. natural gas prices haven’t hit bottom yet, and they could decline to $2/Mcf “or below” at some point this year, according to forecasts by several leading energy analysts.

Record natural gas pipeline capacity additions in 2007 haven’t been enough to prevent infrastructure constraints in several key U.S. basins, but producers likely will be more selective about what pipes they back in the coming year, Barclays Capital analysts said in a report.

Record natural gas pipeline capacity additions in 2007 haven’t been enough to prevent infrastructure constraints in several key U.S. basins, but producers likely will be more selective about what pipes they back in the coming year, Barclays Capital analysts said in a report.

Slowing demand and an existing surfeit of supply pipelines haven’t caused a number of major natural gas infrastructure projects in the West to pause or even slow down in their development, a panel of project backers told the LDC Forum Rockies & West Conference Tuesday in Irvine, CA. If anything, some of the proponents said they may have new capacity in place ahead of schedule.