Headline

“Headline” U.S. natural gas production continues to move higher, but signs of decline are emerging in some onshore plays, according to Barclays Capital energy analysts. Low gas prices also aren’t likely to encourage explorers this year, said a Standard & Poor’s Ratings Services (S&P).

“Headline” U.S. natural gas production continues to move higher, but signs of decline are emerging in some onshore plays, according to Barclays Capital energy analysts.

In the headline of a story published Jan. 2, “DOE Identifies 2.4B Metric Tons of CO2 Storage Capacity” (see Daily GPI, Jan. 2), the amount of possible carbon dioxide (CO2) storage capacity in U.S. saline formations, oil and gas reservoirs and unmineable coal seams was incorrectly stated. The Department of Energy report actually identified 2.4 trillion metric tons of CO2 storage capacity. NGI regrets the error.

A new investor presentation posted early Tuesday by Chesapeake Energy Corp. included a full-page statement by the company with the headline, “It’s been a tough five weeks, but better days ahead.” By Tuesday afternoon, the statement, originally the second page of the 32-page presentation, had been deleted with no explanation by the company.

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.

Generally moderating forecasts for Friday that had The Weather Channel’s website asking “Late December…or Fall?” in its daily headline Thursday were a factor in Northeast quotes joining the softening trend that had begun on the previous day in the rest of the market. A small prior-day futures loss contributed a bit to downturns by all but a couple of trading locations.

In response to a series of headline-grabbing oil and natural gas pipeline explosions in recent months, Transportation Secretary Ray LaHood last Monday launched a national pipeline safety initiative aimed at repairing and replacing aging pipelines to avert potentially catastrophic incidents. The initiative includes several proposals that were contained in legislation sent to Congress last year.

In response to a series of headline-grabbing oil and natural gas pipeline explosions in recent months, Transportation Secretary Ray LaHood on Monday launched a national pipeline safety initiative aimed at repairing and replacing aging pipelines to avert potentially catastrophic incidents. The initiative includes several proposals that were contained in legislation sent to Congress last year.

More than a week after an exploding natural gas pipeline ripped through a residential neighborhood in the San Francisco Bay Area, natural gas remained a headline-grabber, involving speculation about city sewer work and oil liquids in the pipeline somehow contributing to the explosion and fire, not to mention various politicians proposing new safety measures. With the heightened attention, routine gas utility distribution pipeline breaks and reports of gas odors were being elevated to the status of potential major news events.