The fate of the northern portion of the multi-billion-dollar Keystone XL oil pipeline from western Canada to the Gulf of Mexico (GOM) in the hands of the Obama administration will be the bellwether this coming year, determining if the U.S. technology-driven abundance of hydrocarbons is going to be cashed in as part of a North American-wide energy transformation, according to a former private equity energy star and now senior think tank fellow.
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New Mexico Pit Rule Case Continues
New Mexico state authorities on Thursday reopened a case on proposed industry-prompted modifications to the state’s “pit rule” for handling natural gas and oil drilling and production waste.
November 19, 2012
Northeast Leads Soft Weekend Pricing; Futures Ease Further
Physical natural gas for weekend and Monday deliveries fell nearly 8 cents Friday as traders were reluctant to make purchases given the large amount of gas available and limited demand in a number of areas.
October 29, 2012
Carrizo Drills Exploratory Vertical Well in New York’s Marcellus
Carrizo Oil & Gas Inc. has nearly completed a vertical test well in New York State’s portion of the Marcellus Shale and will make its next move in the play once geological samples are analyzed and regulatory uncertainty in the state clears.
October 12, 2012
Carrizo Takes More India Partners, This Time in Niobrara
Carrizo Oil & Gas Inc. on Thursday said international energy companies OIL India Ltd. and Indian Oil Corp. Ltd. (IOC) will make their first foray into U.S. shale by taking a 30% stake in the Houston operator’s holdings in the Niobrara Formation of Colorado.
October 5, 2012
Poll Shows Shift in Favor of Fracking Among New York State Voters
Public opinion of hydraulic fracturing (fracking) among voters in New York State has shifted in favor of the practice, according to a Quinnipiac University poll released on Wednesday.
September 14, 2012
Avista Resource Plan: Plenty of Gas Supplies
A combination of slackened demand and robust production will make natural gas supplies plentiful in the Pacific Northwest until 2029 at least, Spokane, WA-based Avista Utilities recently told regulators in the three states in which it has gas and electric operations.
September 14, 2012
Forest Oil Makes Interim Chief Permanent
Denver-based Forest Oil Corp. Wednesday said it would make interim CEO Patrick R. McDonald the company’s permanent chief, prompting speculation by one analyst that “all strategic options remain on the table for the company.”
September 13, 2012
Shale Boom Makes Storage and Exports Important, CME Exec Says
Technology and good old “American ingenuity” that have driven the shale gas boom are also prompting responses to a supply glut that make storage and eventual liquefied natural gas (LNG) exports more important than ever, according to Bryan Durkin, COO at CME Group, who addressed the opening session of the LDC Gas Forums mid-continent meeting in Chicago Monday.
September 11, 2012
Obama Pushes Forward With ‘All of the Above’ Energy Plan
While President Obama pledged to support domestic oil and natural gas development, he said he “will not let oil companies write this country’s energy plan.”
September 10, 2012
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