Lukewarm

Despite a lukewarm economic recovery and a higher risk of recession, the credit quality for the U.S. oil and gas sector should remain relatively stable in 2012, according to an industry report card by Standard & Poor’s (S&P).

Pennsylvania Gov. Tom Corbett is getting a lukewarm reception for his proposed changes to state shale policy, which largely mimic the recommendations his Marcellus Shale Advisory Commission made three months ago (see Shale Daily, Oct. 4).

Lukewarm heating season demand cut sales volumes, but peaking prices increased revenues during the first quarter of the current contract year on the international natural gas market. Canadian pipeline deliveries to the United States during the three months ended Jan. 31 fell 9% to 925.3 Bcf compared to the same period of 2004-05, according to trade records kept by the National Energy Board.

Lukewarm heating season demand cut Canadian gas export volumes but peaking prices increased revenues during the first quarter of the current contract year on the international natural gas market. Canadian pipeline deliveries to the United States during the three months ended Jan. 31 fell 9% to 925.3 Bcf compared to the same period of 2004-05, show trade records kept by the National Energy Board.

Initial reaction to the idea of consolidating the majorWashington D.C.-based energy trade groups under one umbrella seemsto be running from cold to warm, with some outright opposed to itand others at least willing to discuss it.

Initial reaction to the idea of consolidating the majorWashington D.C.-based energy trade groups under one umbrella seemsto be running from cold to warm, with some emphatically opposed toit and others at least willing to discuss it.