Natural gas for delivery Friday on average added 7 cents in Thursday’s trading. A handful of points in the East and Northeast lost ground, but otherwise gains anywhere from a nickel to a dime were widespread.
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Physical Gas Inches Higher, But Futures Post Double-Digit Gains
Natural gas for delivery Thursday was unchanged on average in Wednesday’s trading, but if the transportation-challenged points in New England were taken out of the equation, the overall cash market posted a gain of a nickel as most points nationally trended higher.
Innovation, Persistence Brewing North America Energy Feast
Innovation and infrastructure investments, peppered with good old fashioned persistence, have cooked up an energy feast in North America, but it’s going to need astute chefs to manage it into the future, experts at Deloitte LLP said Tuesday.
Poll Finds Pennsylvanians Still Divided Over Fracking
Pennsylvanians remain divided on the issue of hydraulic fracturing (fracking) and are uncertain of how safely it can be performed in the Marcellus Shale. But the issue may not be at the forefront of voters’ minds in the 2014 gubernatorial election, according to a pollster from Mercyhurst University.
Customer Refunds Ordered for San Onofre Plant Failure
Two California Public Utilities Commission (CPUC) administrative law judges (ALJ) on Tuesday proposed that utility ratepayers be refunded up to $94 million total for alleged “unsound” decision making regarding the closure of the San Onofre Nuclear Generating Station (SONGS), the largest baseload source of power in Southern California.
Utica Activity in 2012 Boosts Ohio’s Oil, Gas Industry
A report released late Tuesday by the Ohio Department of Natural Resources (ODNR) appears to show how much shale exploration in the Utica/Point Pleasant formation lifted the state’s historic oil and gas industry in 2012.
Devon Dumping Natural Gas-Heavy Assets in Turn to Oil
The once and former king of unconventional natural gas production in the United States, Devon Energy Corp., is selling close to one-third of its gas reserves to give it more leverage in a bid to become a top North American oil producer, CEO John Richels said Wednesday.
D&L Energy Asset Sale Approved by Bankruptcy Court
A Denver company has been approved to purchase the assets of embattled D&L Energy Inc., the Youngstown, OH-based company. Former owner Ben. W. Lupo in February was charged with violating the U.S. Clean Water Act.
Physical, Futures Rumble Lower; December Drops 6 Cents
Physical gas for delivery Wednesday took a cue from the screen and on average was 4 cents lower in Tuesday’s trading.
BP Soon Expected to Decide Upon its Future in the Utica
After nearly two years dedicated to its closely watched appraisal program in Ohio, BP America expects to make an announcement early next year about whether it intends to go forward with Utica operations and make the play a material part of its business.