The overall cash market outdistanced the volatile futures market and added 7 cents on average Thursday. Particular strength was noted at Midcontinent points as cold temperatures raced into the nation’s midsection. Eastern and Gulf prices were also firm.
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Report Points to More Gas-Fired Generation Globally
In the medium- and long-term the prospects for natural gas-fired power generation look “sound” for North America and Europe in particular and to a lesser extent worldwide, according to a report from London-based Frost & Sullivan (F&S).
Synthesizing Marcellus Water Data Focus of Research
Tracking potential impacts of Marcellus Shale drilling activity on water quality will be the focus of a $750,000 research grant from the National Science Foundation, according to Pennsylvania State University (Penn State), which is to lead the collaboration.
Hanger: Shale Gas Faces ‘Intense Competition’
Don’t expect the energy pie to get bigger, John Hanger, the former head of the Pennsylvania Department of Environmental Protection (DEP), told a Pittsburgh audience Thursday.
Ethics Group Seeks Probe of Times Shale Coverage
According to Boehm, the sources are Arthur Berman of Labyrinth Consulting Services in Sugar Land, TX, and Deborah Rodgers, a full-time goat farmer and owner of Deborah’s Fort Worth Farmstead Goat Cheese.
Petrochem Industry Eyes Economic Growth from Shale Gas
The natural gas liquids (NGL) in shale gas offer the United States a “tremendous opportunity” to strengthen manufacturing, boost economic output and create jobs, according to a report by the American Chemistry Council (ACC).
EIA Production Forecast Reflects Shales’ Contribution
The promise of continued production growth from unconventional gas plays — shales in particular — has been repeated yet again in the Energy Information Administration’s (EIA) latest production forecast. While the overall gas-directed rig count has fallen, the number of rigs targeting unconventional plays (gas and oil) has increased from last year.
Texas Bills Seek Review of Well Tax Breaks
The tax break for high-cost natural gas wells in Texas — which is of particular importance to producers active in the state’s shale plays — continues to draw attention from lawmakers wrangling with a $27 billion budget shortfall.
Texas Legislation Seeks Review of High-Cost Well Tax Break
The tax break for high-cost natural gas wells in Texas — which is of particular importance to producers active in the state’s shale plays — continues to draw attention from lawmakers wrangling with a $27 billion budget shortfall.
Top Trader Sees Potential for Higher Prices
Successful natural gas futures trading often depends on correctly determining what “story” the market is telling on a particular day, according to Sandy “Trot” Goldfarb, a 20-plus-year trading veteran. Speaking at NGI’s Natural Gas Futures Prices Workshop at the New York Mercantile Exchange last week, Trot said the plot of recent price movements indicates that there could be more room to the upside in this market.