Long

The U.S. natural gas market — and thus, long-term gas prices — won’t be upended because of the unconventional resource “revolution” because marginal costs ultimately determine gas prices, according to Morningstar.

Constellation Energy Gas Choice, a unit of Chicago-based Exelon Corp. and a long-time competitive energy supplier in Ohio, said Tuesday that it has been selected by Trumbull County in northeastern Ohio to provide residents and small businesses with natural gas following a competitive bidding process under the state’s natural gas choice, governmental aggregation program.

As a study emerged Monday in Canada raising public health concerns about oilsands, groups long opposed to TransCanada Corp.’s Keystone XL oil pipeline blasted a report released Friday evaluating a rerouting of the oilsands-linked pipeline in Nebraska by the state’s Department of Environmental Quality (DEQ).

As a study emerged Monday in Canada raising public health concerns about oilsands, groups long opposed to TransCanada Corp.’s Keystone XL oil pipeline blasted a report released Friday evaluating a rerouting of the oilsands-linked pipeline in Nebraska by the state’s Department of Environmental Quality (DEQ).

Based on the most recent state data for this year, New Mexico is on track to bust the 80 million bbl oil production level for the first time since the late 1970s, and natural gas is expected to stay level at about 1.2 Tcf, according New Mexico Oil and Gas Association (NMOGA) officials.

Michael Peevey, long-time president of the California Public Utilities Commission (CPUC) is under fire from state utility consumer group The Utility Reform Network (TURN) for allegedly railroading through the commission a research project that could cost private sector energy customers up to another $150 million. TURN is urging state lawmakers to “rein in” Peevey for apparently pushing through CPUC an arrangement between Lawrence Livermore National Laboratory (LLNL) and the state’s major investor-owned utilities to create a cooperative research institute. CPUC plans on Thursday to consider authorizing the utilities to cover research project costs with LLNL of up to $152.19 million.

Williams is taking the long view on North America’s natural gas, agreeing last week to significantly build its onshore pipeline network by putting up to $2.4 billion into a system once owned by Chesapeake Energy Corp.

Three key lawmakers in New York say one month isn’t long enough for the state Department of Environmental Conservation (DEC) to receive public comments on proposed rules governing high-volume hydraulic fracturing (HVHF), and they are asking the agency for an extension.

In a long-term bet on abundant U.S. natural gas, South Africa’s Sasol Ltd. on Monday announced plans to construct a $16-21 billion natural gas-to-liquids (GTL) plant in Westlake, LA — the second largest commercial plant of its kind in the world.