Impact

Federal officials have won permission to intervene in a New York lawsuit that would compel a full environmental review of the impact of natural gas drilling in the Delaware River Basin before proposed regulations for Marcellus Shale development are completed.

The current debate over the impact of hydraulic fracturing (hydrofracking) on water supplies got stirred up last Wednesday by decades-old documents touted by proponents and critics of the process.

The current debate over the impact of hydraulic fracturing (hydrofracking) on water supplies got stirred up Wednesday by decades-old documents touted by both proponents and critics of the process.

There was a new tropical storm in town Tuesday, but it failed to impact the gas market. Prices again were flat to slightly higher in most cases as forecasts remained hot in many areas but were easing downward in such key consuming regions as the Northeast and Midwest. The previous day’s 4.3-cent futures gain helped keep a floor under much of the market.

With the boom in shale gas production, an oversupply of natural gas is likely to outstrip demand for the fuel and keep prices under the $5 level, Colorado-based Bentek CEO Porter Bennett told the gas committee Monday at the summer meeting of the National Association of Regulatory Utility Commissioners (NARUC) in Los Angeles.

U.S. natural gas prices will begin to move higher in “late 2012” once the impact on supply is felt as more gas rigs continue to be diverted to oil plays, a Barclays Capital analyst said Friday.

U.S. natural gas prices will begin to move higher in “late 2012” once the impact on supply is felt as more gas rigs continue to be diverted to oil plays, a Barclays Capital analyst said Friday.

The Interior Department’s Bureau of Ocean Energy Management, Regulation and Enforcement (BOEM) Wednesday released a draft supplemental environmental impact statement (SEIS) for proposed oil and gas Lease Sale 216/222 in the Central Planning Area of the Gulf of Mexico.

With time running out, New York officials say the Department of Environmental Conservation (DEC) is “working full-time” to complete its supplemental generic environmental impact statement (SGEIS) on hydraulic fracturing (fracking) by a Friday deadline.