Past

The Marcellus Shale’s natural gas volumes are continuing to flow higher, but significant revisions in growth expectations by pipeline giant Williams Partners Ltd. (WPZ) has led one analyst to question whether the “excellent adventure” to establish a major natural gas hub is turning into a “bogus journey.”

Chesapeake Energy Corp., which has been on a tumultuous trip both financially and management-wise over the past year, recorded a profit in 4Q2012, albeit lower than a year ago, but price-related revisions — nearly all related to onshore natural gas assets in the Barnett and Haynesville shales — led to losses for the year.

Chesapeake Energy Corp., which has been on a tumultuous trip both financially and management-wise over the past year, recorded a profit in 4Q2012, albeit lower than a year ago, but price-related revisions — nearly all related to onshore natural gas assets in the Barnett and Haynesville shales — led to losses for the year.

Seneca Resources Corp., the exploration and production subsidiary of National Fuel Gas Co., said Tuesday that six recently completed wells targeting the Marcellus Shale in Pennsylvania are among the most productive ever drilled in the play, according to initial test results.

U.S. natural gas prices for 2013 will be lower than predicted in late October because winter weather so far has been missing in action, Raymond James & Associates’ energy team said this week. Analysts with Goldman Sachs also have reduced their price forecast but said they remain bullish on the market.

An 11-month investigation into an Alberta drilling mishap has confirmed that hydraulic fracturing (fracking) poses a unique fluid spill risk and prompted regulatory steps to control the danger.

In the wake of key natural gas pipeline ruptures and explosions in the past two years, the National Transportation Safety Board (NTSB) has placed pipeline safety on the list of the 10 top transportation challenges that will face the nation in 2013.

In the wake of key natural gas pipeline ruptures and explosions in the past two years, the National Transportation Safety Board (NTSB) has placed pipeline safety on the list of the 10 top transportation challenges that it will face in 2013.

Propelled by its U.S. onshore crude oil and liquids output, EOG Resources Inc. reported better-than-expected profits for the third quarter. Investors in return sent the stock price up 4.37% on Tuesday.