Heart

The growth of the natural gas industry in the heart of Pennsylvania’s eastern Marcellus Shale helped the area avoid the worst of the 2008 recession, and the positive effects have only just begun, according to a study issued by the Institute for Public Policy and Economic Development (IPPED).

CNBC and NBC News on Thursday used cross-network programming to train their cameras on the resurgence in Ohio, once the heart of the U.S. steel industry, which has been reborn in part from the growth in the auto industry, as well as drilling operations in the Utica Shale.

In the fall, a natural gas producer’s heart turns to selling more gas at higher prices. This winter should be somewhat colder — and more rewarding to producers — than last, according to the Natural Gas Supply Association’s (NGSA) Winter Outlook, released last Wednesday.

In the fall, a natural gas producer’s heart turns to selling more gas at higher prices. This winter should be somewhat colder — and more rewarding to producers — than last, according to the Natural Gas Supply Association’s (NGSA) Winter Outlook, released Wednesday.

Houston-based independent Eagle Ford Oil & Gas Corp. has acquired an 85% working interest in prospective acreage in Frio County, TX, in the “heart” of the Eagle Ford Shale of South Texas, the company said Monday.

Denver-based Antero Resources is unloading its Arkoma Basin assets and redeploying capital to Appalachian shale plays while Vanguard Natural Resources LLC, which is buying Antero’s mostly natural gas Arkoma assets for $445 million, is establishing a new operating area with the deal.

The Pennsylvania Game Commission (PGC) is opening about one-sixth of a game reserve in Bradford County, in the heart of the Marcellus Shale, to oil and natural gas leasing.

The California Department of Conservation’s Oil/Gas Division goes to the heart of the state’s energy production region in Bakersfield Wednesday night to kick off a series of eight public workshops on hydraulic facturing (fracking) as a data-gathering phase prior to writing draft rules to more precisely regulate the oil/gas drilling process.

Australia’s Aurora Oil and Gas Ltd. has made an A$107 (US$111.7 million) unsolicited offer for Eagle Ford Shale-focused Eureka Energy Ltd., which said Monday it is considering the proposal.