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Youngstown, OH, long a Rust Belt poster child, now is watching the phoenix-like revival of its flagship steel plant, Youngstown Iron Sheet & Tube, thanks to the Utica and Marcellus shales. The 100-year old plant, once one of largest in the world before it foundered in the 1970s collapse of the nation’s steel industry, will be making steel pipe to serve the state’s burgeoning shale gas and oil development.

Youngstown, OH, long a Rust Belt poster child, now is watching the phoenix-like revival of its flagship steel plant, Youngstown Iron Sheet & Tube, thanks to the Utica and Marcellus shales. The 100-year old plant, once one of largest in the world before it foundered in the 1970s collapse of the nation’s steel industry, will be making steel pipe to serve the state’s burgeoning shale gas and oil development.

Eastern markets used to look like the Promised Land to Rockies producers. But surging production growth from the Marcellus Shale amounts to a “keep out” sign planted along the side of Kinder Morgan Energy Partners LP’s (KMP) Rockies Express Pipeline (REX).

North American explorers aren’t going to let a little thing like weak natural gas prices get in the way of record spending plans in 2012, a recent survey by Barclays Capital has found.

North American explorers aren’t going to let a little thing like weak natural gas prices get in the way of record spending plans in 2012, a new survey by Barclays Capital has found.

Despite a return of spring-like weather bringing cool to mild temperatures to the South, wintry conditions occasionally abetted by snowfalls proved sufficient to rally a majority of points Tuesday, although flat performances were common and most of the gains were in single digits.

Paraphrasing a Christmas carol, “It’s beginning to look a lot like last week” when it comes to the spot gas market. Just as the Nov. 28-Dec. 2 trading week featured three days of mostly rising prices followed by two days of majority softness, the current week’s market was generally strong through Wednesday before falling at most locations Thursday.

The United States is seeing a resurgence in ethylene cracking facilities as chemical companies, which left the country a decade ago because of high natural gas feedstock prices, are returning to build new plants and reopen mothballed facilities due to lower gas prices brought on by the boom in shale production, said the head of the American Gas Association (AGA) Friday.

Nexen Inc. last week secured two joint ventures (JV) in two separate transactions, both with Asian companies, that promise to give the Calgary-based independent a solid footing to expand development in the Gulf of Mexico (GOM) as well as British Columbia (BC).