Pennsylvania state Rep. Jesse White, a Democrat from the southwestern corner of the state, has introduced House Resolution 593 asking drillers to commit to a set of “Marcellus Shale Principles,” that include hiring local workers, protecting the environment and acting transparently in dealings with stakeholders. “Drilling for gas in the Marcellus Shale has created thousands of jobs, and has the potential to create thousands more at a critical time in our economy, and in areas that have historically suffered from high unemployment rates for many years…However, we can’t simply hand free reign over without any forethought to consequences and how our local communities could be affected for generations to come,” White said.
Lagging
Articles from Lagging
Xcel Unconcerned About Muni Vote, Economic Issues, CEO Says
With a municipalization vote scheduled for Tuesday in Boulder, CO, and the state’s economy lagging, Xcel Energy CEO Ben Fowke told financial analysts on a third quarter conference call Thursday that Colorado’s largest utility operator is not concerned about a wider push for public power, although he identified Colorado as one of two states that worry him in terms of the current pace of economic recovery.
BOP Testing Firm Expects to be ‘Microsoft’ of Drilling Industry
While Gulf oil and natural gas activity is lagging, the economic outlook for developers of new technology to quickly identify high-pressure leaks in blowout preventers (BOP) and other outage events looks brighter, executives say.
Energy Targeted by Environmentalist Investors
Environmentalist investors named nine companies to a “Climate Watch List” and said they are lagging their peers when it comes to addressing climate change. Seven of the nine are in the energy industry.
Activist Investors Target Climate Change ‘Laggards’
Environmentalist investors named nine companies to a “Climate Watch List” and said they are lagging their peers when it comes to addressing climate change. Seven of the nine are in the energy industry.
LDCs Maneuver for New LNG Supply
While liquefied natural gas (LNG) continues to look like the perfect supplement to lagging U.S. domestic production, local distribution companies (LDC) are questioning why they are not being approached to ink long-term agreements with LNG suppliers; presumably such agreements would help support construction of LNG regasification terminals.
LDCs Maneuver for New LNG Supply
While liquefied natural gas (LNG) continues to look like the perfect supplement to lagging U.S. domestic production, local distribution companies (LDC) are questioning why they are not being approached to ink long-term agreements with LNG suppliers; presumably such agreements would help support construction of LNG regasification terminals.
Supply Side Lagging; Keep Your Eye on Drilling
After building itself a growing customer base, it looks like the U.S. natural gas industry may not be able to service it all if the economy picks up this year. If the gas-directed rig count ramps up to 1000 by the end of the year — averaging about 900 rigs through 2003 — then supply available in the U.S. will only be down about 2 Bcf/d from 2002 levels, EOG Chairman Mark Papa estimates. He believes drilling will pick up, but if active rigs don’t hit that level “then production is going to fall harder.”
Supply Side Lagging; Keep Your Eye on Drilling
After building itself a growing customer base, it looks like the U.S. natural gas industry may not be able to service it all if the economy picks up this year. If the gas-directed rig count ramps up to 1000 by the end of the year — averaging about 900 rigs through 2003 — then supply available in the U.S. will only be down about 2 Bcf/d from 2002 levels, EOG Chairman Mark Papa estimates. He believes drilling will pick up, but if active rigs don’t hit that level “then production is going to fall harder.”
Simmons Raises Projection for 2003 Henry Hub Average to $3.80/Mcf
The industrial customer will be the overall loser next year as lagging U.S. and Canadian natural gas production, increased exports to Mexico, increased power generation use and pressure to refill storage is expected to keep the natural gas market tight and prices high, according to a report by Simmons & Co. International.