Legislation to impose a severance tax on growing natural gas production in Pennsylvania’s Marcellus Shale jumped a committee hurdle last week and now moves to the full House for consideration.
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Pennsylvania Bill to Tax Natural Gas Production Inches Forward
Legislation to impose a severance tax on growing natural gas production in Pennsylvania’s Marcellus Shale jumped a committee hurdle Tuesday and now will move to the full House for consideration.
U.S. Gas Reserves Estimated to Last 100 Years
U.S. natural gas available for production has jumped 58% in the past four years, driven by improved drilling techniques and the discovery of huge shale fields in Texas, Louisiana, Arkansas and Pennsylvania, according to a report issued Thursday by the nonprofit Potential Gas Committee (PGC).
U.S. Gas Reserves Soar 58% in Four Years, Says Potential Gas Committee
U.S. natural gas available for production has jumped 58% in the past four years, driven by improved drilling techniques and the discovery of huge shale fields in Texas, Louisiana, Arkansas and Pennsylvania, according to a report issued Thursday by the nonprofit Potential Gas Committee (PGC).
Futures Push Higher on Bullish Storage Injection, Revisions
Turning in a heck of a first day on the job, the July natural gas futures contract — in its first regular session as the front month contract — jumped 31.9 cents on Thursday to close at $3.957 as the bulls took advantage of price-supportive storage news.
Devon Looks to Share the Wealth in Lower Tertiary
Devon Energy Corp.’s North American quarterly natural gas output jumped nearly 10% from a year ago after surpassing production records in the Barnett Shale in Texas and the Powder River Basin in Wyoming, the company said Wednesday. However, to ensure it has adequate funding for its near-term, onshore projects, the producer wants to find a partner to share expenses for its longer-term projects in the deepwater Gulf of Mexico (GOM).
Devon’s Gas Output Jumps Almost 10%
Devon Energy Corp.’s North American quarterly natural gas output jumped nearly 10% from a year ago after surpassing production records in the Barnett Shale in Texas and the Powder River Basin in Wyoming, the company said Wednesday.
Woodford Shale Boosts Newfield’s Gas Production
Newfield Exploration Co.’s natural gas-weighted production jumped 20% in 2Q2008 from the same period a year ago, lifted by strong performance from its Woodford Shale operations in the Arkoma Basin.
Woodford Shale Boosts Newfield’s Gas Production
Newfield Exploration Co.’s natural gas-weighted production jumped 20% in 2Q2008 from the same period a year ago, lifted by strong performance from its Woodford Shale operations in the Arkoma Basin.
NatGas Futures Move Higher as Crude Sets Another Record
Sparked by roaring crude prices, shaky fundamentals and summer heat and storm uncertainty, August natural gas futures jumped 15.5 cents on Monday to close at $13.353/MMBtu, a new high close for the up move.