Likely

Being in the middle is not so much a challenge as an opportunity for DCP Midstream LLC, the Denver-based infrastructure and natural gas liquids (NGL) operator that has an eye on moving into the Bakken, Utica and Marcellus shale plays, according to DCP President Bill Waldheim. He told NGIShale Daily that those are about the only shale plays that fall outside DCP’s reach these days.

Ohio Gov. John Kasich is reportedly considering raising severance taxes on oil and natural gas, new taxes for the extraction of natural gas liquids (NGL) and a new impact fee on oil and gas operations.

Chevron Corp. plans to continue to make acquisitions in unconventional plays around the world but the company likely will go it alone when it does, CEO John Watson said Friday.

Chevron Corp. plans to continue to make acquisitions in unconventional plays around the world but the company likely will go it alone when it does, CEO John Watson said Friday.

The rich are different, and the nouveau riche are different still. Newly premiered reality television show “Bayou Billionaires” demonstrates that it’s a long way from the fictitious East Egg of The Great Gatsby to Shreveport, LA, where Gerald and Kitten Dowden and kin have struck it rich in the Haynesville Shale. Now they want into the country club.

If the Lower 48 states were to export liquefied domestic gas to markets such as Asia and Europe — most likely from the Gulf Coast region — it would mean higher gas prices for U.S. consumers, more domestic gas production along with reduced domestic consumption and an increase in pipeline gas imports from Canada, according to a government analysis.

If the Lower 48 states were to export liquefied domestic gas to markets such as Asia and Europe — most likely from the Gulf Coast region — it would mean higher gas prices for U.S. consumers, more domestic gas production along with reduced domestic consumption and an increase in pipeline gas imports from Canada, according to a government analysis.

People living near Barnett Shale gas production facilities could be at risk for immune system damage from toxic air emissions, and the risk is likely understated by an air quality study completed for the city of Fort Worth earlier this year, a state lawmaker warned Mayor Betsy Price in a letter.

Pennsylvania issued its 3,000th Marcellus Shale drilling permit of the year in November, but the final well count for 2011 is likely to fall just shy of 2,000, if drilling remains at its current pace.