Lift

Global equipment manufacturer Dover Corp. is making a deal to buy artificial lift specialist Accelerated Cos. LLC to expand its reach in the U.S. unconventional drilling market.

The pieces are in place to gradually lift natural gas prices over the next five years, and the gas market is proving that free markets, capitalism and economic fundamentals still work, Raymond James & Associates Inc. analysts said in a note last week.

The pieces are in place to gradually lift natural gas prices over the next five years, and the gas market is proving that free markets, capitalism and economic fundamentals still work, Raymond James & Associates Inc. analysts said in a note Monday.

New York Gov. Andrew Cuomo said he will make the long-delayed decision on whether to lift a moratorium on high-volume hydraulic fracturing (HVHF) before the next gubernatorial election in 2014.

The federal government could see an additional $24 billion in annual tax revenue over the next seven years if policymakers would lift restrictions on oil and gas activity on public lands, and $86 billion annually thereafter, according to the Institute for Energy Research (IER).

The Federal government could see an additional $24 billion in annual tax revenue over the next seven years if policymakers would lift restrictions on oil and gas activity on public lands, and $86 billion annually thereafter, according to a new report from the Institute for Energy Research.

Infrastructure projects, acquisitions and contracting activity — particularly in the Eagle Ford Shale of South Texas — served to lift crude oil pipeline throughputs for NuStar GP Holdings LLC last year. Some of NuStar’s South Texas pipeline assets had been underutilized.

Lower-than-expected natural gas inventories have led Moody’s Investors Service to lift its assumptions for North American Henry Hub natural gas spot prices by 50 cents to $3.50/MMBtu in 2013 and $4.00/MMBtu in 2014 and thereafter.

Lower-than-expected natural gas inventories led Moody’s Investors Service to lift its assumptions for North American Henry Hub natural gas spot prices by 50 cents to $3.50/MMBtu in 2013 and $4.00/MMBtu in 2014 and thereafter. Prices sagged in recent years on the unconventional drilling boom and mild weather, which has led to an oversupply, but prices have climbed in 2012 on coal-to-gas switching in the power generation sector and hot weather, and as companies have scaled back their dry gas drilling, Moody’s said. Assumptions for natural gas liquids prices remain unchanged at $34/bbl in 2013, 2014 and thereafter, pegging prices at 40% of West Texas Intermediate prices.