With the aim of reducing truck travel and pollution, while increasing efficiency for Marcellus and Utica shale oil and natural gas producers, Eureka Resources LLC said Thursday it plans to construct a centralized wastewater treatment facility in Standing Stone Township in Bradford County, PA, the epicenter of Marcellus development.
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Henry Hub Might Not Be Done With Sub-$2 Pricing, Bentek Says
Despite the fact that some producers are increasing their dry natural gas shut-ins and retooling their operations to go after liquids, the industry is still facing a supply glut problem, which could be exacerbated later this summer as storage room becomes scarce. As a result, cash prices could easily slip back below $2, according to Evergreen, CO-based Bentek Energy.
Bentek: Storage Glut Could Drive Fall Prices Lower
Despite the fact that some producers are increasing their dry natural gas shut-ins and retooling their operations to go after liquids, the industry is still facing a supply glut problem, which could be exacerbated later this summer as storage room becomes scarce. As a result, cash prices could easily slip back below $2, according to Evergreen, CO-based Bentek Energy.
Rex Kicks Off Ohio Utica Activity
Rex Energy Corp. recently spud it first Utica Shale well in Carroll County, OH.
Report: Canada’s Development of Shale, Oilsands Could Impact Water
A nonprofit economic and public policy research firm is warning policymakers in Western Canada that shale gas development in British Columbia (BC) and oilsands development in northern Alberta are “stress points” that could negatively impact water quality and supplies if not properly regulated.
API Poll Reveals Voter Sentiment on Energy Taxes, Land Access
A majority of recently surveyed U.S. voters believe that increasing taxes on oil and natural gas producers, as well as restricting access to energy resources, will only contribute to the escalation in the price of gasoline, according to a new poll by the American Petroleum Institute (API).
Southwestern Cutting Fayetteville Drilling for Marcellus
Proving that different shale plays have different economics, Southwestern Energy Co. plans to cut spending in the Fayetteville Shale and increase spending in the Marcellus Shale this year, the company said Tuesday.
Plains All American Planning Mississippi Lime Pipeline
Plains All American Pipeline (PAA) plans to build a 170-mile pipeline between Alfalfa County, OK, and its Cushing, OK, storage facility to service increasing Mississippi Lime crude oil production in northern Oklahoma and southern Kansas, the Houston-based company said.
Pennsylvania Pushing Polluted Mine Water Use
The Pennsylvania Department of Environmental Protection (DEP) is looking for ways to get the natural gas industry to use polluted discharge from old mines.
Chesapeake’s Large Curtailments, Spending Cuts Spark Gas Price Rise
In response to low natural gas prices, Chesapeake Energy Corp. on Monday said it would “immediately” curtail 0.5 Bcf/d, or 8% of its current operated gross natural gas output, which is 6.3 Bcf/d. As much as 1 Bcf/d could be curtailed “if conditions warrant.”