Congress Reexamining NatGas-Based Ethanol

A measure was reintroduced last week in the House with bipartisan support to allow ethanol produced from U.S. natural gas to be included under the Renewable Fuel Standard (RFS). Whether the bill finds traction, which one failed to do last year (HR 3773), remains open to question.

May 20, 2013

Eagle Ford Helped Carrizo Set Oil-Driven Records During 1Q

Houston-based Carrizo Oil & Gas Inc. turned in first quarter results that included record production and revenue driven by record oil results.

May 9, 2013

ODNR Chief Asks Lawmakers to Restore Oil, Gas Rules in Budget Bill

The Ohio Department of Natural Resources (ODNR) wants lawmakers to restore several oil and gas rules that were included in the original version of the state’s biennial budget bill, but were stripped out by the state House of Representatives.

May 3, 2013

Three Injured in Flash Fire at West Virginia Pigging Station

A flash fire Thursday evening at a pig receiving station in Tyler County, WV, injured three people and forced Eureka Hunter Pipeline to shut in a portion of its pipeline system in the area, according to parent Magnum Hunter Resources Corp.

April 15, 2013

Weak Northeast Masks Moderate Market Gains; Futures See 18-Month High

Physical natural gas cash prices fell 3 cents on average Wednesday, but that included some hefty drops at northeastern points, as weather-related demand plummeted. If those are taken out of the mix, the overall market actually added a couple of pennies on average. Gulf points were particularly strong, and New England was particularly weak. Spot futures managed to settle well above $4 and posted an 18-month high. At settlement May was $4.068, up 7.7 cents and June added 7.7 cents as well to $4.108. May crude oil gained 24 cents to $96.58/bbl.

March 28, 2013

Japan Seeks to Join Trade Pact

Japanese Prime Minister Shinzo Abe said his country wants to be included in the Trans-Pacific Partnership (TPP), which could hasten the export of liquefied U.S. gas to Japan. TPP currently encompasses 11 nations in Asia and the Americas. Randy Bhatia, an analyst with Capital One Southcoast, said Japan’s membership in TPP could boost efforts to export LNG to the country.

March 19, 2013

EOG Boosts Eagle Ford Reserves

EOG Resources Inc. reported a net loss of $505.0 million (minus $1.88/share) during 4Q2012, compared with net income of $120.7 million (45 cents/share) for the preceding fourth quarter. The loss included a large write-down of $849.4 million for Canadian properties. It resulted in full-year 2012 net income of $570.3 million ($2.11/share), down considerably from $1.09 billion ($4.10/share) for the full-year 2011.

February 18, 2013

PJM Data Show Growing Interest in Gas-Fired Generation

Over the last two years nearly 70% of the new power generation plants proposed for the 13-state PJM Interconnection electric grid, which centers on the Marcellus and Utica Shales, would be fired by natural gas.

February 15, 2013
Hearings Set for Draft California Fracking Rules

Hearings Set for Draft California Fracking Rules

California state oil/natural gas officials have scheduled the first in a series of all-day public workshops for Feb. 19 in Los Angeles to gain feedback on draft hydraulic fracturing (fracking) rules for the state.

February 13, 2013

Weather, Storage Lift Cash, Futures; March Adds Almost 8 Cents

Physical gas prices Wednesday gained on average by 11 cents overall, but if the volatile East is included, the rise was just under 18 cents. Gains were widespread with only a handful of points recording losses.

January 31, 2013
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