Rockies exploration and production (E&P) companies intend to work more closely with BLM to remove uncertainty surrounding oil and gas leasing activity in many areas in the region, an official with the Denver-based Western Energy Alliance (WEA) told NGI Thursday.
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Market Pummeled By Bin-Busting Storage Report; November Retreats
November natural gas yielded to a larger than anticipated storage report Thursday and settled lower. The magnitude of the storage build caught many by surprise and raises the question of whether production estimates may be understated. At the close November had fallen 5.2 cents to $3.747 and December had retreated 2.6 cents to $4.015. November crude oil added 93 cents to $82.14/bbl.
$100M Proppant Plant Slated for Arkansas
Ceramic products company Saint-Gobain is developing a ceramic proppant manufacturing plant in Saline County, AR. The company said its proppants division will build a 100,000-square-foot facility on 68 acres at a cost of $100 million.
Industry Groups to SEAB: Go Slow on New Programs
The Secretary of Energy Advisory Board (SEAB) Natural Gas Subcommittee should defer to state regulators — and may find that many of its objectives are already being addressed by existing programs — according to comments filed at the Department of Energy (DOE) by industry groups.
Texas Grass Is Brown, but Producers’ Glass Is Half Full
The grass has long since turned brown in Texas, with many residents now restricted as to when they can water lawns. However, in most cases municipal water curtailments have yet to reach levels that affect water takes by contract users, such as oil and gas producers.
Pitt Study: One Marcellus Well Adds Millions to Economy
A single Marcellus Shale well in southwestern Pennsylvania directly adds $7.6 million to the economy, on average, according to a new study released Tuesday.
In Texas the Grass Is Brown, but Producers’ Glass Is Half Full
The grass has long since turned brown in Texas, with many residents now restricted as to when they can water lawns. However, in most cases municipal water curtailments have yet to reach levels that affect water takes by contract users, such as oil and gas producers.
Industry Groups Advise SEAB: Go Slow on New Programs
The Secretary of Energy Advisory Board (SEAB) Natural Gas Subcommittee should defer to state regulators — and may find that many of its objectives are already being addressed by existing programs — according to comments filed at the Department of Energy (DOE) by industry groups.
Nearly All Points Dip Following Weekend Gains
Finding only relatively moderate cooling load for mid-August in many areas and weighed down slightly by the previous Friday’s near-nickel futures drop, nearly all of the cash market followed up Friday’s gains with softening Monday.
Most Points Shift to Mildly Softer Price Trend
Small gains at most points Tuesday turned into small losses at most points Wednesday as still-hot weather in many areas lost its price-boosting impact with some cooler temperatures looming down the road for some regions.