natural gas prices

Hydraulic fracturing (fracking) is only one of many technological advancements that are driving the oil and natural gas sector worldwide as innovation has become an imperative, according to the latest global report by consulting firm Lloyd’s Register Energy.

The Liberal government of Nova Scotia followed through on a promise to continue a moratorium on high-volume hydraulic fracturing (HVHF) on Tuesday, after introducing an amendment to the province’s Petroleum Resources Act.

The West Virginia Department of Environmental Protection (WVDEP) has issued a cease operations order to Antero Resources Corp. after an incident that occurred on Sept. 24 in northern West Virginia, when the company inadvertently breached a producing well while drilling another on the same pad.

Kinder Morgan Energy Partners LP has reached a long-term transportation agreement with NOVA Chemicals Corp. to transport ethane and ethane-propane mixtures from the Utica Shale through its previously announced Utica To Ontario Pipeline Access (UTOPIA) project.

Gas for next-day delivery rose at nearly all market points in Tuesday’s trading with the Northeast posting double-digit gains, and more widespread gains of a few pennies were seen in the Mid-Atlantic, Marcellus, and Appalachia areas. Other Producing regions were also solidly in the black. Overall the market added an average of 6 cents to $3.79.

November natural gas is set to open a penny higher Tuesday morning at $4.16as traders deal with the uncertainty of forecast cold expected later this week. Overnight oil markets inched higher.

Maine Gov. Paul LePage on Monday asked FERC to address electricity prices in New England, which he said are poised to increase 37% this winter compared with winter 2013-2014.

In a move signaling the anticipated growth of U.S. shale gas production, NiSource Inc. announced a plan to take its Columbia Pipeline Group (CPG) public and form a master limited partnership (MLP) capable of handling increasing volumes with more infrastructure investment.

Enterprise Products Partners LP is planning to construct a cryogenic natural gas processing plant and associated midstream infrastructure in Eddy County, NM to serve growing production in the Permian Basin’s Delaware sub-basin.