Marcellus

Shale gas plays generally, and the still-fledgling Utica play specifically, are promoting the potential for a reemergence of the U.S. industrial sector, according to industry experts who spoke Monday at the opening of the LDC Gas Forum Midcontinent meeting in Chicago.

Canaccord Genuity is maintaining a natural gas price forecast of $3.50/Mcf for 4Q2012, with prices gaining 50 cents in 2013 and then moving to $5.00 for the long term, analysts said Friday.

Cabot Oil & Gas Corp. announced Tuesday that its gross production in the Marcellus Shale has averaged more than 700 MMcf/d for the last two weeks, hitting a record 752 MMcf for one 24-hour period.

Nearly three weeks after ruling that portions of Pennsylvania’s omnibus Marcellus Shale law, Act 13, were unconstitutional, the state’s Commonwealth Court ordered an injunction against the preemption provision to remain in place pending appeal while a provision affecting setback waivers was lifted.

An energy official in New York Gov. Andrew Cuomo’s administration said natural gas is being viewed as a potential “bridge fuel” to the future, when technological advances will presumably open the door for renewables.

Nearly three weeks after ruling that portions of Act 13, Pennsylvania’s new omnibus Marcellus Shale law, were unconstitutional, the Commonwealth Court on Wednesday ordered that an injunction against the law’s preemption provision will remain in place pending appeal, while one affecting setback waivers is lifted.

The Commonwealth of Pennsylvania is asking the state Supreme Court to expedite its appeal of an appellate court ruling that said portions of Act 13, the state’s new omnibus Marcellus Shale law, are unconstitutional.

The Commonwealth of Pennsylvania is asking the state Supreme Court to expedite its appeal of an appellate court ruling that said portions of Act 13, the state’s new omnibus Marcellus Shale law, are unconstitutional.

Following a series of tests indicating that water from private wells in Dimock Township, PA, is safe to drink, the U.S. Environmental Protection Agency (EPA) on Wednesday said it has determined “that there are not levels of contaminants present that would require additional action by the agency” and it has no plans to further test water samples in the township.