Mostly

Strong production growth from unconventional natural gas and oil resources — mostly in the United States — will redefine expectations for major economies and rebalance global trade flows, according to BP plc.

The Energy Information Administration (EIA) expects total domestic marketed natural gas production to increase to 69.8 Bcf/d in 2013 from 69.2 Bcf/d in 2012, and to drop slightly to 69.5 Bcf/d in 2014. Growth in Lower 48 onshore production, driven largely by the Marcellus Shale and other shale plays, will continue through 2014, although it will be offset by Gulf of Mexico declines, EIA said.

Economic contributions from unconventional development mostly are driven by the 16 states with oil and natural gas production, but a “significant portion” comes from states with no production, according to a state-by-state analysis by IHS Inc.

Economic contributions from unconventional development mostly are driven by the 16 states with oil and natural gas production, but a “significant portion” comes from states with no production, according to a state-by-state analysis by IHS Inc.

Economic contributions from unconventional development mostly are driven by the 16 states with oil and natural gas production, but a “significant portion” comes from states with no production, according to a state-by-state analysis by IHS Inc.

A coalition of mostly energy groups Thursday called on the Commodity Futures Trading Commission (CFTC) to provide the industry with guidance for calculating the “notional amount” of certain commodity swaps, a prerequisite to determining which entities will be subject to or exempt from the new regulations under the Dodd-Frank Wall Street Reform and Customer Protection Act.

The U.S. Court of Appeals for the Fifth Circuit in New Orleans has ruled against Chesapeake Energy Corp. in its bid to reverse a $19.7 million judgment over a canceled oil and gas lease offer in Texas, a decision that may hold implications on canceled lease claims by mineral rights owners in several other states.

Oil and gas operators continued to report mostly minor damage as a result of Hurricane Isaac, and production in the Gulf of Mexico (GOM) was slowly returning to normal Thursday, the Bureau of Safety Environmental Enforcement (BSEE) said.

Computers are prone to viruses and sometimes crash, but Americans mostly like the computer industry. However, the yo-yo nature of gasoline prices is something they can’t abide, according to a recent Gallup poll that found the oil and gas industry and the federal government have the “least positive images” among Americans, just like they did a year ago.