The Federal Reserve Board (FRB) said in the latest edition of its “Beige Book” that activity in the energy industry was a mixed bag and mentioned shale only once — but in a positive light. The report is published eight times a year with data provided by the 12 FRB districts.
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The Federal Reserve Board (FRB) said activity in the energy industry was a mixed bag and mentioned shale only once — but in a positive light — in the latest edition of the “Beige Book,” a report published eight times a year with data provided by the 12 Federal Reserve Districts.
Carrizo Oil & Gas Inc. announced Monday that it had closed on the sale of a majority of its leasehold in the northern Utica Shale to an undisclosed buyer for $43 million in cash.
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.
Range Resources Corp. CEO Jeff Ventura said Wednesday the company’s Marcellus Shale leasehold may have the long-term potential for 24-30 Tcf of reserves.
Two communities in suburban Pittsburgh voted against a proposal for their regional park authority to sign a five-year, non-surface lease with a land brokerage firm this week, effectively killing the deal.
Various sources mentioned the previous day’s spike in petroleum-based futures, continuing cold weather in northern market areas combined with an anticipated winter storm thrust into western reaches of the Southeast, and popular expectations of a 200 Bcf-plus storage withdrawal report as reasons for a moderate rebound in cash prices Tuesday.