A sluggish economy and warmer weather, coupled with an increase in production, will likely keep natural gas prices flat for the 2011-2012 winter season, the Natural Gas Supply Association (NGSA) said Tuesday.
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British Columbia to Launch Fracking Website in January
British Columbia Premier Christy Clark said Thursday the province would launch an online registry for the public to keep track of hydraulic fracturing (fracking) in the province, part of a strategy to provide transparency of shale gas activities.
West Virginia ‘In The Game’ for Ethane, Official Says
West Virginia believes it can support a chemical industry even if plans to ship Appalachian ethane to Canada and the Gulf Coast come to fruition, an official told a Pittsburgh-area audience Wednesday.
Subcommittee Hears Criticism of BLM Oil Shale Impact Review
An environmental impact review on oil shale and tar sand plans in Colorado, Utah and Wyoming initiated earlier this year by the federal Bureau of Land Management (BLM) is an “inefficient and unnecessary” exercise, according to one Shell Exploration and Production (E&P) Co. official.
Low Gas Prices to Linger, Says Northwest Power Council
A fundamental shift in the North American natural gas outlook, driven by the shale boom, promises to keep wholesale prices low for a long time to come, according to revised forecasts released on Wednesday by the Portland, OR-based Northwest Power and Conservation Council (NPCC).
Low Gas Prices to Linger, Says Northwest Power Council
A fundamental shift in the North American natural gas outlook, driven by the shale boom, promises to keep wholesale prices low for a long time to come, according to revised forecasts released on Wednesday by the Portland, OR-based Northwest Power and Conservation Council (NPCC).
Prices Turn Modestly Bearish at Nearly All Points
A gain of slightly less than a cent in September futures a day earlier failed to keep nearly all of the cash market from softening Thursday. Some Atlantic tropical activity was going on but posed no near-term threat to offshore gas supply, and weather patterns have subsided to largely seasonal or slightly milder conditions for the time being.
Pennsylvania Shales Could Require 31,000 Jobs
The natural gas industry in Pennsylvania could need to fill nearly 31,000 jobs to keep up with growing shale development in the state over the next three years, according to a recent report.
Oxy Shale Well Count to Grow, CEO Says
Riding the continuing wave of high oil prices, Occidental Petroleum Corp. (Oxy) expects its shale well count to keep growing, drilling 150-175 wells this year in California, said CEO Stephen Chazen during an earnings conference call with financial analysts Tuesday.
Bentek CEO: Shale Overproduction to Dampen Demand, Prices
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.