natural gas prices

The Denver-Julesburg (DJ) and Permian basins, and the Utica Shale, should lead all onshore plays for horizontal fracturing (fracking) this year as drilling and completion (D&C) activity continues to escalate, according to PacWest Consulting Partners LLC.

Federal and state regulators have issued air quality permits to Formosa Plastics Corp. for a $2 billion expansion project at its petrochemical plant in Point Comfort, TX.

Federal regulators late Tuesday announced a settlement with Trans Energy Inc. that could find the small Marcellus Shale pure-play explorer paying a $3 million penalty and millions more to restore streams and wetlands at 15 sites across West Virginia for violating the Clean Water Act (CWA).

Growing crude and condensate production from the Eagle Ford Shale was too good for Buckeye Partners LP to ignore. The partnership is buying into Gulf Coast midstream assets that serve the play and offer growth opportunities with expansion currently in progress.

A unit of Royal Dutch Shell plc has drilled two natural gas wells into the Utica Shale in Pennsylvania near the New York border, 100 miles-plus from most of the current activity, news that suggests a much bigger potential for the far-reaching formation.

U.S. natural gas and oil exports would reinforce North America’s long-term energy production future, improve the domestic trade balance and stabilize the global energy system, Royal Dutch Shell plc’s chief said Tuesday.

A closer look at oil and gas production in Pennsylvania from January-June shows that new drilling, backlogged wells waiting on pipelines or completion and others likely to return to production after a period of inactivity will help drive volumes in the state to a new record by the end of the year.

Pennsylvania likely became a net natural gas exporter in late 2009, but growing supplies are still whetting the state’s appetite for more, according to an analysis by Pennsylvania State University’s Marcellus Center for Outreach and Research.

The U.S. Department of Energy has granted free trade agreement (FTA) liquefied natural gas (LNG) export authority to Louisiana LNG Energy LLC (LLNG), which is pursuing development of a terminal on the Mississippi River in Plaquemines Parish, LA.