nymex settlement

University of Michigan (U-M) researchers last week issued seven technical reports that together form what may be the most comprehensive state-focused resource on drilling, and in particular, unconventional drilling using hydraulic fracturing (fracking).

Top Canadian consumers are taking visions of liquefied natural gas (LNG) exports to Asia seriously enough to ask a question: What if terminal proposals for the northern Pacific Coast of British Columbia (BC) jump off industry drawing boards and go into action by landing overseas sales that have so far eluded them all?

A successful two-month trial of Fountain Quail Water Management’s ROVER system in the Permian Basin has prompted the company to proceed with a joint venture (JV) with water solutions provider Select Energy Services that includes a licensing agreement for the technology.

FERC Tuesday approved Dominion Transmission Inc.’s (DTI) application to build and operate facilities in southwestern Pennsylvania to provide 185,000 Dth/d of natural gas to the growing markets in the Northeast and Mid-Atlantic regions.

Cuadrilla Resources Ltd. said it will submit a new planning application to cover flow testing from a conventional horizontal oil exploration well in southern England, but it also acknowledged that protests against hydraulic fracturing (fracking) had caused a “significant level of disruption” in the area.

Carrizo Oil & Gas Inc. is selling its remaining Barnett Shale properties as well as other noncore assets in East Texas and the Marcellus Shale. The move is another step in the company’s pursuit of oilier activities in the Eagle Ford Shale and elsewhere.

An Upstate New York business advocacy group on Tuesday called for state officials to lift the moratorium on unconventional natural gas drilling in the Southern Tier, part of its broad-based prescription to deliver tax relief and stimulate job growth.

Domestic unconventional natural gas and oil production is increasing household incomes, boosting trade and contributing to an increase in U.S. competitiveness in the world economy, IHS Inc. said Wednesday.

Physical natural gas traded for Thursday delivery on average gained 3 cents overall in Wednesday’s trading. In the Great Lakes, market points traded within a few pennies of unchanged, but Rocky Mountain locations added up to a nickel. Major market hubs were mixed.