natural gas

Roughly one year after its first cryogenic and fractionation plants came online, the sprawling Utica East Ohio (UEO) midstream complex, with facilities that stretch from Columbiana to Harrison counties, OH, said Monday that it would respond to producer demand and increase its processing capacity from 800 MMcf/d to more than 1 Bcf/d.

The Bureau of Land Management (BLM) is falling short in its charge to manage and oversee oil and natural gas development on federal and Indian lands, failing to inspect thousands of wells that may pose a threat to the environment, according to the Government Accountability Office (GAO).

Continental Resources Inc. increased production by more than 25% during the first quarter of 2014 as it continued to tinker with various completion methods in the Bakken Shale and made plans for more drilling through the rest of the year in a legacy shale play in south central Oklahoma.

Physical natural gas traded Monday for Tuesday delivery was widely mixed with prices swinging as much as 25 cents above or below unchanged. New England points suffered the indignity of having temperatures swing from summer-like conditions to well below normal within the space of 24 hours, and Chicago also saw a 15 degree drop from “summer” to normal within a day’s time period as well.

While the saturation of natural gas vehicles (NGV) in other parts of the world, such as Italy and Brazil, is much deeper in the passenger car market and taxis than in North America, overseas and U.S. markets share some of the same questions and concerns, judging from a panel at the NGV Global joint program Thursday at ACT Expo in Long Beach, CA.

June natural gas is expected to open unchanged Friday morning at $4.57 as Thursday’s decline reset a number of trading parameters and upward progression is likely to depend on weather assistance. Overnight oil markets rose.

Appalachian pure-play operator Eclipse Resources Corp., which has been rumored since last year to be considering an initial public offering (IPO), has filed a Form S-1 with the U.S. Securities and Exchange Commission indicating that it intends to raise $100 million on the New York Stock Exchange (NYSE) in the coming months.

Little changed for Appalachian pure-play operator Antero Resources Corp. during the first three months of the year, as production continued to steadily climb and the company kept realizing strong natural gas prices as the result of cold weather and its sharp focus on firm transportation.

Sparks of ingenuity are firing up ever-better ways to find and produce oil and natural gas from the deepest and most remote offshore reservoirs in the world, but innovators have barely touched the subsea surface, experts said at the four-day Offshore Technology Conference (OTC) in Houston.