henry hub

Officials in Harrison County, OH, have agreed to lease more than 300 acres of the county’s industrial park for Utica Shale oil and gas drilling.

The Henry Hub spot price for natural gas is expected to increase to $4.00/MMBtu next year, compared with an estimated $3.71/MMBtu this year and an average $2.75/MMBtu in 2012, according to the U.S. Energy Information Administration (EIA). Those projections are both higher than EIA had expected last month, when it estimated 2013 to be $3.68/MMBtu and 2014 to be $3.91/MMBtu.

The shale gas revolution and and planned liquefied natural gas (LNG) exports to foreign nations have elevated the United States’ position on the global energy stage, said European and Asian energy representatives last Thursday. They urged U.S. House lawmakers to seize the new energy tool for diplomatic purposes and to aid allies.

Investors poured into onshore operator Antero Resources Inc. in its debut last week on the New York Stock Exchange, ending the week above $53.00/share, nearly $10 higher than the opening bid of $44.00 on Thursday. The “AR” stock is the second highest U.S. offering this year.

The rig count may be half of what it was a year ago, but Northeast dry natural gas output just keeps getting stronger.

With a seemingly ever-increasing mother lode of crude oil from the Bakken Shale play, North Dakota lawmakers have embarked on a process for developing a long-term strategy regarding state revenues and taxation of the oil industry. An initial review of bidders to help in mapping the strategy is set for Oct. 31.

Natural gas prices on average gained 9 cents nationally for the week ended October 11. Only a handful of points in the Midcontinent and Northeast endured declines and the vast majority of locations enjoyed gains, some well into double digits.

Range Resources Corp. said it is complying with a court order to obtain and provide information for all of the chemicals used at a Marcellus Shale drilling and impoundment site in Washington County, PA, but it took issue with media reports suggesting that the company doesn’t know what chemicals are used in hydraulic fracturing (fracking) operations.

The western United States may on the brink of an upsurge in natural gas demand outstripping supply, which would require new infrastructure, a panel of experts said last week at the LDC Gas Forum Rockies & West in Los Angeles.