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The City of Wellsburg, WV, has taken its first step toward repealing an ordinance it had enacted less than three months ago calling for a ban on natural gas drilling within the city and an adjacent one-mile buffer zone.

For the time being at least, Marcellus Shale producers are paying the price for too much of a good thing. Concentrated development in the nation’s preeminent shale gas play has made for basis-inverting constraints on Tennessee Gas Pipeline. However, the industry has seen this sort of thing before (in the Rockies more than once, for instance), and the market will work it out, eventually, a Marcellus producer told NGI’s Shale Daily.

In the wake of the Macondo well blowout in the Gulf of Mexico (GOM), the region has become significantly less attractive for gas and oil investment , according to the Fraser Institute’s Global Petroleum Survey 2011 of energy executives.

In the wake of the Macondo well blowout in the Gulf of Mexico (GOM), the region has become significantly less attractive for gas and oil investment , according to the Fraser Institute’s Global Petroleum Survey 2011 of energy executives.

The Marcellus Shale industry is driving job growth in Pennsylvania, according to new government figures.

Natural gas purchasers say they are switching more of their fleet vehicles to natural gas, adding transport capacity and are trying to stay organized and get the best deal for gas. But they are also increasingly concerned about the public perception of the safety of hydraulic fracturing (fracking) and its effects on the shale gas market.

During the first quarter predominantly shale gas-focused EXCO Resources Inc. produced more and sold it for less. The company had planned to do the former and is making the best of the latter, said CEO Doug Miller, who told financial analysts last Wednesday that “it’s hard to put lipstick on this pig.”

During the first quarter predominantly shale gas-focused EXCO Resources Inc. produced more and sold it for less. The company had planned to do the former and is making the best of the latter, said CEO Doug Miller, who told financial analysts Wednesday that “it’s hard to put lipstick on this pig.”

May natural gas futures rose in active inventory report-driven trading Thursday. Government gas storage figures came in less than anticipated and prompted an immediate price advance.