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For the fourth year in a row, ExxonMobil Corp. and Chevron Corp. investors soundly defeated proposals calling for more disclosures regarding shale extraction operations.

Exporting liquefied U.S. gas could create tens of thousands of jobs but would have “only minimal impacts” on the prices U.S. consumers and industry pay for gas supply, according to a new report prepared by ICF International for the American Petroleum Institute (API). It’s the latest word, of many, in the ongoing discussion about whether exporting some of America’s gas bounty is prudence or folly (see related story).

Exporting liquefied U.S. gas could create tens of thousands of jobs but would have “only minimal impacts” on the prices U.S. consumers and industry pay for gas supply, according to a new report prepared by ICF International for the American Petroleum Institute (API). It’s the latest word, of many, in the ongoing discussion about whether exporting some of America’s gas bounty is prudence or folly.

In a stunning setback for shale development in New York state, an appellate court ruled unanimously to uphold two local bans on oil and gas activities.

A standout performance in the Permian Basin increased oil production 23% year/year in the first three months of this year, but it’s not the only racehorse in the stable, Devon Energy Corp.’s top executive said Wednesday. Encouraging results from the emerging Mississippian Lime, for example, may provide the “next leg of growth.”

Data just coming in from 2011 shows that investment in U.S. shale oil and gas drilling nearly doubled over 2010 levels, which vaulted shale plays to account for nearly one-quarter of all wells drilled in the United States, according to the American Petroleum Institute (API).

Natural gas prices for electric generation in California last year decreased 30%, but overall wholesale power prices decreased only 2% for the year because of offsetting lower hydro-electric supplies, increased congestion and the loss of 2,000 MW of nuclear generation for the year, according to an annual market report released Monday by the state grid operator.

Interior Secretary Sally Jewell, in only her second week on the job, signaled last week that new rules governing federal regulation of hydraulic fracturing (fracking) are imminent.

Once exports of liquefied U.S. natural gas begin, the global gas market will get its formal introduction to the hub in Louisiana named Henry. The response might only be a shrug, or even less. But gas markets will feel the hub’s presence, IHS Inc. Vice Chairman Dan Yergin told a Houston audience.