natural gas

Physical natural gas prices for Wednesday delivery were mostly unchanged in Tuesday’s trading. A few New England points saw some double-digit increases, but market areas in the Midwest and Great Lakes saw prices flat to a few pennies lower despite weather forecasts calling for significant near-term cooling.

The Obama administration on Friday green lighted the use of sonic sensors and air guns by the oil and gas industry to explore for resources in U.S. Atlantic waters.

Halliburton Co., the largest hydraulic fracturing services provider in the United States, signaled an industry-wide recovery on Monday as it begins to accelerate additions to its fleet and in capital spending.

Temperatures in the Northeast will average cooler than normal next month, but the East and West can expect warmer-than-normal weather to dominate in September and October, according to forecasters at Weather Services International (WSI). For much of that time, below-normal temperatures are expected to be prevalent from the northern and central Rockies, eastward through the Great Lakes and Ohio Valley.

Backers of a plan to pipe, liquefy and then ship Alaska North Slope natural gas to global markets have applied to the U.S. Department of Energy (DOE) for export authorization for their multi-billion-dollar project.

A preliminary report released by the U.S. Environmental Protection Agency (EPA) detailing the response of federal, state and local officials in the days after a fire and explosion last month caused significant damage at an eight-well pad operated by Statoil ASA in Monroe County, OH, suggests a broken hydraulic line was likely the cause.

Diamondback Energy Inc., laser-focused on the Permian Basin in Texas, has added more than 13,000 net acres to its portfolio in a $538 million deal.

August through October temperatures in the Northeast and portions of the Midwest will continue to pressure prices in the Marcellus Shale, according to forecasters at Weather Services International (WSI), who see North America inventory levels finishing the injection season above 3,700 Bcf, not much below last year’s adjusted level of 3,809 Bcf.

With the adoption of its $29.1 billion budget for 2014-2015, Pennsylvania cut its share of funding to the Delaware River Basin Commission (DRBC) by more than half, a move environmentalists and Democrats say is retaliation for the commission’s failure to enact rules governing oil and gas development in the basin.