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.
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Rockies Firm but Market Centers Mixed; Futures Rise
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.
IHS: Shale Production Boosting U.S. Household Income, Economy, Trade
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.
Mild Summer Temps Masking Bullish Gas Market Signals
Mild summer temperatures have masked bullish signals for the U.S. natural gas market, with industrial demand aggressively growing and net imports dropping more steeply than expected, according to Barclays Capital. However, onshore natural gas production still is on the upswing and likely will dictate prices.
EIA: Storage Capacity Utilization Levels Depend on Regional Factors
With the 2013 natural gas storage refill season still humming along with weekly injections that are higher than historical comparisons, it is important to remember that storage levels and available capacity for working natural gas, or natural gas that is used for withdrawal, respond to a different set of factors in each region, according to the Energy Information Administration (EIA).
SEC Won’t Appeal Decision Axing Dodd-Frank Disclosure Rule
The Securities and Exchange Commission (SEC) said it will not appeal a federal court’s decision that vacated and remanded a Dodd-Frank rule that would have required publicly traded producers to report to the agency how much they pay foreign governments for to commercially develop oil, natural gas and minerals.
LNG Export Free Marketeers Channel Woody Guthrie
The Competitive Enterprise Institute (CEI) has lifted a famous tune from America’s folk music songbook and is using it to lampoon The Dow Chemical Co.’s opposition to exporting liquefied natural gas.
ASTM Proposes Frack Standard on Data Management, Reporting
More than one year after creating a subcommittee to study hydraulic fracturing (fracking) and develop a consensus for best practices, ASTM International has proposed a new standard for data management and reporting that would cover oil and gas operations in shale plays.
Report Finds Ohio’s Core Shale Jobs Grew Nearly 18% in 4Q2012
Jobs at the core of Ohio’s growing shale industry, including those in pipeline construction and well drilling, grew nearly 18% and paid an average wage of more than $76,000 during the fourth quarter of 2012, according to a quarterly report by the state’s Department of Job and Family Services (ODJFS).
Sunoco’s Mariner East Plans Advance With Pipeline Abandonment
The Pennsylvania Public Utility Commission (PUC) has approved a Sunoco Pipeline LP request to abandon a portion of its petroleum products pipeline transportation service in the state, moving Sunoco Logistics Partners LP’s plans for the Mariner East pipeline project one step closer to fruition.