henry hub

Further Gains Seen Limited, Yet July Called 2 Cents Higher

July natural gas is expected to open 2 cents higher Tuesday morning at $4.63 as traders balance near-term weather and a healthy cash market with an expected plump storage injection in Thursday’s inventory report. Overnight oil markets were mixed.

June 3, 2014

Transition to El Nino Slows, But Mild Hurricane Season Still Likely, Forecaster Says

The Atlantic hurricane season, which officially began Sunday, is still predicted to be a relatively mild one, despite a slower-than-expected transition to an El Nino event in the Pacific Ocean, according to forecasters at Colorado State University (CSU).

June 3, 2014
EIA: Domestic Production Met 84% of U.S. Energy Demand in 2013

EIA: Domestic Production Met 84% of U.S. Energy Demand in 2013

Total domestic energy production reached about 81.7 quadrillion Btu (quads) in 2013 — enough to meet 84% of the nation’s energy demand — while natural gas, for the third consecutive year, was the largest domestically produced energy resource, according to the U.S. Energy Information Administration (EIA).

June 3, 2014
Consol Closes Northern Ohio Office to Concentrate on Southeast, Where Utica Ops Growing

Consol Closes Northern Ohio Office to Concentrate on Southeast, Where Utica Ops Growing

As its operational footprint in Ohio has continued to shift toward the southeast, following an intensifying pattern of other operators moving toward the Utica Shale’s core, Consol Energy Inc. last month closed its northeast Ohio field office in Columbiana County.

June 3, 2014
North American Energy Supply Needs Steady Investments, Clear Policymaking, Says IEA

North American Energy Supply Needs Steady Investments, Clear Policymaking, Says IEA

North America’s oil and natural gas output could begin to plateau in the early 2020s without adequate investments, the International Energy Agency (IEA) predicted on Tuesday.

June 3, 2014

North Carolina, Virginia Take Steps Toward Shale Development

Geologists in North Carolina plan to collect rock samples from seven counties in the western part of the state this summer to test for oil and natural gas. Meanwhile, a bill that would open the Tar Heel State to shale development is headed to Gov. Pat McCrory’s desk for his signature.

June 3, 2014

Dominion Targeting Upstate New York, West Virginia for Appalachian Supplies

Dominion has asked FERC to approve a pipeline expansion to Upstate New York and another to West Virginia that would rely on locally sourced natural gas for growing demand.

June 3, 2014

McClendon’s American Energy Hires Former Devon CFO, Ex-Chesapeake Exec

American Energy Partners LP (AELP), the private producer founded last year by Aubrey McClendon, has hired a former financial chief of Devon Energy Corp. and hired the one-time head of Chesapeake Energy Corp.’s investor relations.

June 2, 2014

North Dakota Flare Plan Rules Take Effect

As part of a joint industry-state government effort to curb flaring of associated gas at the wellhead, Monday marked the start of new requirements in North Dakota calling for a gas capture plan for each new drilling permit submitted to the Department of Mineral Resource (DMR) oil/gas division.

June 2, 2014

Most of MarkWest’s Houston Facility Operational After Lightning Strike

MarkWest Energy Partners LP said Monday that most of its Houston Processing and Fractionation facility in southwest Pennsylvania is back online after a lightning strike late last Wednesday forced the company to shut down operations there so it could assess the damage (see Shale Daily, May 29).

June 2, 2014