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Atlas Buying Raton, Black Warrior, Arkoma Basin Assets

Atlas Energy LP (ATLS) exploration and production (E&P) subsidiary Atlas Resource Partners LP (ARP) is buying 466 Bcf of natural gas proved reserves in the Raton (New Mexico) and Black Warrior (Alabama) basins from EP Energy E&P Co. LP (EP Energy), a unit of EP Energy LLC, for $733 million.

June 11, 2013

Wyoming Governor: Energy Development, Reclamation Can Coexist

Energy development and conservation/environmental mitigation can work together and are doing so in Wyoming, the nation’s most resource-intense state, Gov. Matt Mead told a symposium in Cheyenne Monday. Resource development does not have to mean “ruin,” Mead said.

June 5, 2013

Illinois Lawmakers Pass Tough Fracking Bill

Dubbing it the nation’s most stringent, the Illinois state Senate on Friday passed oil and natural gas drilling regulations (SB 1715), sending the proposed provisions to Gov. Pat Quinn for his signature. The governor is expected to sign the bipartisan legislation.

June 4, 2013

Utilities Partner to Push Natural Gas Using Social Media

Thanks to abundant shale gas supplies and appliance efficiency gains, a homeowner in Connecticut could save $1,800 per year by switching to natural gas heating from fuel oil, according to a trio of utilities in the state that have launched a campaign to get consumers to switch to gas.

May 30, 2013

East, Northeast Lead Broad Retreat, But Futures Bound Higher

Cash natural gas prices fell a nickel overall Thursday as traders elected to get most of their deals done ahead of the usual volatility following the release of government inventory data.

May 24, 2013

Western GOP Congressmen Blast EPA’s Record on Fracking

The Environmental Protection Agency (EPA) was put in the hot seat Friday as House lawmakers took the agency to task for its flawed reports on hydraulic fracturing (fracking), most notably the December 2011 report that found groundwater in Pavillion, WY, to be contaminated. That report was later retracted. And before directing any more funds to the EPA for reseach into fracking, the lawmakers demanded that the agency provide Congress with more information on their reseach activities so far.

April 29, 2013

ExxonMobil Reign Usurped by Chinese

ExxonMobil Corp. for the second year in a row tops a Forbes magazine list as the world’s most profitable company, with $44.9 billion in income in 2012, but its reign as the largest publicly traded company has been usurped by a Chinese bank.

April 22, 2013

ExxonMobil Most Profitable, But Chinese Lead Public Companies

ExxonMobil Corp. for the second year in a row tops a Forbes magazine list as the world’s most profitable company, with $44.9 billion in income in 2012, but its reign as the largest publicly traded company has been usurped by a Chinese bank.

April 22, 2013

Cash Prices Quiet, But Futures Traders See Downside Risk

Physical gas prices overall were flat Wednesday with most price averages fluctuating within a couple of pennies. Even the typically volatile Northeast traded within 1-2 cents of Tuesday’s prices.

April 18, 2013

Early Spring Coolness Keeps Most Points Higher; Futures Flounder

Physical gas prices overall averaged four cents higher Monday with most points reporting nominal temperature-driven gains. Eastern points averaged gains of about a nickel, and Midwest locations gained close to a nickel as well, as chilly and stormy conditions were expected to prevail nearterm.

April 16, 2013