natural gas

Pennsylvania Republican Lieutenant Governor Jim Cawley in a speech before hundreds working in the oil and gas industry said it “defies logic” to say they’re not paying enough taxes, adding that calls for a severance tax come from out-of-touch lawmakers and democratic candidates for governor living in the state’s liberal southeast.

A federal judge has dismissed 13 of 14 lawsuits involving wellsite associated gas flaring aimed at North Dakota’s major oil/natural gas producers. The dismissal was on a procedural basis, claiming the mineral rights owners who brought the lawsuits have not exhausted their administrative remedies with the state.

The plethora of natural gas from the Marcellus Shale has created an identity crisis of sorts for the nation’s pipeline systems, with organic opportunities for the bedrock pipes to the Northeast, a shift in direction for others, and new markets for all, according to a top analyst with Moody’s Investors Service.

Panhandle Oil and Gas Inc. said it has signed an agreement to purchase a 16% non-operated working interest in 11,100 gross (1,775 net) acres in the core of the Eagle Ford Shale from private sellers for $80.4 million.

The 2014 Atlantic hurricane season is shaping up to be a mild one, based on a series of recent tropical forecasts, including the latest issued by Weather Services International (WSI) that called for 11 named storms, including five hurricanes, two of them major (Category 3 or higher).

The backer of a project in Alaska’s Yukon Kuskokwim region to mine one of the largest known undeveloped gold deposits in the world has applied for a pipeline right-of-way in Southcentral Alaska for a 315-mile gasline that would fuel a power generation plant at the mine.

The plethora of natural gas from the Marcellus Shale has created an identity crisis of sorts for the nation’s pipeline systems, with organic opportunities for the bedrock pipes to the Northeast, a shift in direction for others, and new markets for all, according to a top analyst with Moody’s Investors Service.

Physical gas prices overall elected to match the screen stride for stride overall in Monday’s trading. Eastern points managed the greatest gains and although temperature forecasts gave little incentive to purchase gas, when adjusted for humidity major metropolitan areas were expected to be well over 80. Northeast, Marcellus, and Mid-Atlantic locations all posted healthy double digit gains.

Odebrecht Organization has applied for two state permits associated with the multi-billion-dollar ethane cracker it proposed building last year in Wood County, WV, near the heart of growing Marcellus Shale production.