Probably

Willie Sutton robbed banks because that’s where the money was. Today, he’d probably major in petroleum engineering — at least if he could hack the curriculum — because that’s where the money is now.

The economics of shale gas development are fundamentally different than conventional resources, requiring a longer time line to reach profitability, according to Terry Engelder, the Pennsylvania State University geosciences professor who helped prove the value of the Marcellus Shale.

While the Pennsylvania Department of Environmental Protection (DEP) doesn’t know if any companies are still delivering Marcellus Shale wastewater to treatment facilities in the state, it won’t tolerate any “slackers,” Secretary Michael Krancer told an audience in Pittsburgh on Tuesday.

The 2011 Atlantic hurricane season isn’t likely to produce as many tropical storms as 2010 but will still be “active,” and the storms it creates will probably cause more trouble for the U.S. coastline than last year, according to AccuWeather.com forecasters.

The 2011 Atlantic hurricane season isn’t likely to produce as many tropical storms as 2010 but will still be “active,” and the storms it creates will probably cause more trouble for the U.S. coastline than last year, according to AccuWeather.com forecasters.

While there are probably no significant shale gas supplies coming out of Nevada any time soon, there are some longer-term prospects, and in the meantime state oil and gas stakeholders are keeping an eye on shale developments in the Rockies and Western Canada, according to a gas engineering specialist at the Nevada Public Utilities Commission (PUC).

The Energy Information Administration’s (EIA) recent downward production revision probably wasn’t steep enough, according to EOG Resources Inc., which last week reported a 4.8% decline in its own first quarter natural gas production.

The Energy Information Administration’s (EIA) recent downward production revision probably wasn’t steep enough, according to EOG Resources Inc., which on Tuesday reported a 4.8% decline in its own first quarter natural gas production.

Fewer named storms will be created during the upcoming Atlantic hurricane season and there will probably be less activity in the Gulf of Mexico than last year, according to AccuWeather.com Chief Long Range Forecaster Joe Bastardi.