Others

While others have touted U.S. shale gas potential as equivalent to two Saudi Arabias, the western United States by itself could equal one, according to a report released earlier this month by an oil and natural gas advocacy group, Denver-based Western Energy Alliance. It contends that resources in the West could exceed today’s major U.S. energy imports by 2020.

While others have touted U.S. shale gas potential as equivalent to two Saudi Arabias, the western United States by itself could equal one, according to a report released Monday by an oil and natural gas advocacy group, Denver-based Western Energy Alliance. It contends that resources in the West could exceed today’s major U.S. energy imports by 2020.

Shale producers should take seriously the questions and issues being raised by environmentalists and others with concerns about hydraulic fracturing (fracking), and be “open and transparent” about the composition of their fracking fluids, FERC Commissioner John Norris said Tuesday.

July natural gas futures fell in active trading Monday as traders viewed the market as not having sufficient trending characteristics and others were unmoved by early heat. At the close July had fallen 11.1 cents to $4.646 and August had dropped 11.1 cents as well to $4.678. July crude oil tumbled $1.99 to $97.30/bbl.

The Independent Oil & Gas Association of West Virginia (IOGAWV) said Wednesday it has launched a new alliance, Just Beneath the Surface (JBTS), to provide the public with information and debunk myths about the industry.

Louisiana parishes overlying the Haynesville Shale “are awash in money;” others, not so much, an economist told NGI’s Shale Daily. As producers set their sights on more lucrative shale plays — the Marcellus and Eagle Ford, for instance — beneficiaries of the North Louisiana shale boom would be wise not to build the shale revenue into their budgets, he said.

Recent announcements by Dow Chemical Co. and others to expand chemical facilities on advantageous shale gas supplies give new impetus to El Paso Corp.’s proposed pipeline from the Marcellus Shale to the Gulf Coast, CEO Doug Foshee said Thursday.

Recent announcements by Dow Chemical Co. and others to expand chemical facilities to take advantage of shale gas supplies gives new impetus to El Paso Corp.’s proposed pipeline from the Marcellus Shale to the Gulf Coast, CEO Doug Foshee said Thursday.

April natural gas futures posted a solid advance Tuesday, leaving some calling for a new price regime while others still see a continuation of a rangebound market. At the close April had risen 9.3 cents to $4.254, the highest settlement since early February, and May gained 9.0 cents to $4.331. The expired April crude oil contract rose $1.67 to $104.00/bbl.