henry hub

Canadian hopes to export liquefied natural gas (LNG) rely on oil prices to stay high and overseas supply contracts to uphold value parity between the two energy commodities, an industry analyst said Thursday.

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 Thursday. They urged U.S. House lawmakers to seize the new energy tool for diplomatic purposes and to aid allies.

Regulators with the Ohio Department of Natural Resources (ODNR) are drafting rules governing centralized earthen impoundments that would temporarily hold wastewater from oil and gas drilling.

If a variety of industry experts are correct, the western United States is on the brink of an upsurge in natural gas demand outstripping supply and resulting in a need for a new wave of infrastructure being built from the Rockies westward.

Chevron Corp.’s U.S. upstream production is holding steady from a year ago, with natural gas output higher and liquids holding steady, the operator said late Wednesday in an interim 3Q2013 report.

With the natural gas production boom out of the Utica and Marcellus shales of Pennsylvania, West Virginia and Ohio continuing to lower prices of the commodity…

Government agency said it also expects Americans to spend more this winter to heat their homes with natural gas.

With the shoulder season in full swing where it is cool enough to turn off the air conditioning yet not cold enough to turn on the heat,NGI’s October Bidweek National Spot Gas Average was a nickel lower than September at $3.44, yet 47 cents higher than the October 2012 bidweek average of $2.97. Most regions of the country for October 2013 eased anywhere from a couple of pennies to as much as a dime.

Pennsylvania Gov. Tom Corbetthas nominatedE. Christopher AbruzzoandEllen Ferrettito head the stateDepartment of Environmental Protection(DEP) and theDepartment of Conservation and Natural Resources(DCNR), respectively. Both are serving as acting secretaries of their respective agencies. The nominations must now be approved by the state Senate. Corbett tapped Abruzzo, his deputy chief of staff, to lead the DEP afterMichael Krancerresigned (seeNGI,March 25). Corbett asked Ferretti to lead the DCNR after firingRichard Allanover an email scandal.