Historic

Long on the defense regarding the historic Macondo well blowout in the deepwater Gulf of Mexico three years ago, BP plc has gone on the offensive to recover some of the settlements it’s paid out for Gulf Coast businesses that may have been inflated or fictitious.

North Dakota again set new all-time highs for oil and natural gas production, drilling permits issued and producing wells in August, according to the latest report from state Department of Mineral Resources (DMR) Director Lynn Helms. The average price for sweet crude was up, too.

A group of landowners in three Arkansas counties are asking a federal court to allow a class action lawsuit against three oil and natural gas companies, claiming they are illegally operating six wastewater injection wells in the Fayetteville Shale.

It’s no exaggeration that the shale gas boom has “momentous” implications and it is “revolutionary” in an historic perspective, according to ExxonMobil Corp.’s Paul Greenwood, who spoke last Tuesday at the LDC Gas Forum meeting in Chicago.

It’s no exaggeration that the shale gas boom has “momentous” implications and it is “revolutionary” in an historic perspective, according to ExxonMobil Corp.’s Paul Greenwood, who spoke Tuesday at the LDC Gas Forum Midcontinent meeting in Chicago.

It’s no exaggeration that the shale gas boom has “momentous” implications and it is “revolutionary” in an historic perspective, according to ExxonMobil Corp.’s Paul Greenwood, who spoke Tuesday at the LDC Gas Forum Midcontinent meeting in Chicago.

The U.S. natural gas supply situation remained bearish at the end of March, despite “historic lows” in Canadian imports and the dry gas Haynesville Shale continuing to lose popularity among exploration and production (E&P) players, according to a review by Societe Generale’s Laurent Key and Stephanie Aymes.

The U.S. natural gas supply situation remained bearish at the end of March, despite “historic lows” in Canadian imports and the dry gas Haynesville Shale continuing to lose popularity among exploration and production (E&P) players, according to a review by Societe Generale’s Laurent Key and Stephanie Aymes.

Following an unusually warm winter that limited natural gas consumption and helped drive prices down and inventories to historic highs, spring and early summer are likely to bring a mixed weather bag, including mostly warmer-than-normal temperatures in the Northeast, according to forecasters at Andover, MA-based Weather Services International (WSI).