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The Marcellus Shale is not only the most economic natural gas basin in the country, it is producing better returns than many oil plays, an energy industry analyst told an audience in Philadelphia last week.

The Pennsylvania governor who led the state through the first years of the Marcellus Shale boom said the natural gas industry has “screwed up so badly” that it brought a tide of negative public opinion on itself.

Although small losses were slightly dominant, a sizeable number of flat to modestly higher locations kept cash market movement mixed Monday. Most severely hot weather with triple-digit highs was still confined to the south-central and Southwest sections of the U.S., and although the South could expect to keep peaking in the low to mid 90s, that represented merely seasonal to slightly below-normal conditions for August.

An official with the Pennsylvania Fish and Boat Commission (PFBC) said a recent media report that the commission was poised to rake in millions of dollars from a five-year deal to sell lake water for use in hydraulic fracturing (fracking) was exaggerated.

The number of natural gas processing plants in the Lower 48 States decreased by 41 (about 8%) between 2004 and 2009, but a 25 MMcf/d increase in average plant capacity resulted in a 12% increase in overall operating capacity during the same period, according to a report by the U.S. Energy Information Administration (EIA).

The number of natural gas processing plants in the Lower 48 States decreased by 41 (about 8%) between 2004 and 2009, but a 25 MMcf/d increase in average plant capacity resulted in a 12% increase in overall operating capacity during the same period, according to a report by the U.S. Energy Information Administration (EIA).

The number of parties unhappy with the low level of industry representation on President Obama’s new hydraulic fracturing (fracking) advisory panel continues to grow as answers are sought and questions surrounding the Department of Energy’s (DOE) motives arise.

Federal officials said the U.S. Geological Survey (USGS) will begin a two-year study of the Bakken Formation in October to obtain a better estimate of undiscovered, technically recoverable oil and gas contained in Montana and North Dakota portions of the shale play.

The number of rigs targeting oil and natural gas in U.S. tight sands and shale plays saw a significant drop during the week ending May 20, while oil and gas prices hovered in their recent comfort zones, according to NGI’s Shale Daily Unconventional Rig Count.