Historically

The North American shale revolution “is now deeply entrenched,” and is expected to keep natural gas prices at “historically low prices for some time,” creating both long-term benefits and hardships for a variety of sectors and companies, according to a report issued by Moody’s Investor Services last week.

The North American shale revolution “is now deeply entrenched,” and is expected to keep natural gas prices at “historically low prices for some time,” creating both long-term benefits and hardships for a variety of sectors and companies, according to a report issued by Moody’s Investor Services on Monday.

The North American shale revolution “is now deeply entrenched,” and is expected to keep natural gas prices at “historically low prices for some time,” creating both long-term benefits and hardships for a variety of sectors and companies, according to a report issued by Moody’s Investor Services on Monday.

Facing the prospect of historically high levels of power generation retrofits and replacement, the multi-state Midwest Independent System Operator (MISO) has identified the need for closer coordination with the region’s natural gas system, an executive told a recent House Energy and Commerce subcommittee hearing.

With its natural gas and power unit showing red ink in the face of historically low wholesale gas and electricity prices, Sempra Energy is in the process of exiting the merchant power sector where it has been selling off nonrenewable assets, CEO Debra Reed said Tuesday during a quarterly earnings conference call with financial analysts.

Halliburton Co. CEO Dave Lesar made clear Wednesday that the slowdown in the U.S. and Canadian drilling market is only “transitory,” and the company will sit it out before cutting prices to capture new business.

Total U.S. marketed natural gas production remains at historically high levels but flattened during the first seven months of 2012, primarily in response to lower gas prices, the U.S. Energy Information Administration (EIA) said last week.

Total U.S. marketed natural gas production remains at historically high levels but flattened during the first seven months of 2012, primarily in response to lower gas prices, the U.S. Energy Information Administration (EIA) said Monday.

California Gov. Jerry Brown last Friday signed a bill (AB 1694) into law that is aimed at improving safety of the historically lightly regulated natural gas and propane distribution piping systems at mobile home parks in the state.