Prolific

A severance tax should be levied on natural gas drilling in Pennsylvania — including the state’s prolific Marcellus Shale area — with the revenues dedicated to conservation, local governments, Pennsylvania’s Fish and Boat Commission and Game Commission, according to a coalition of environmental, conservation and sporting groups, municipal officials and state legislators.

A New York official, joined by several environmental groups, is calling for a ban on natural gas drilling in the state’s section of the prolific Marcellus Shale to protect its watershed from potential contamination.

A New York official, joined by several environmental groups, is calling for a ban on natural gas drilling in the state’s section of the prolific Marcellus Shale to protect its watershed from potential contamination.

The rapid decline of the U.S. natural gas rig count — especially in the prolific Barnett Shale — points to a 3-5% drop in total U.S. volumes by the end of 2009, XTO Energy CEO Keith Hutton said Thursday.

The rapid decline of the U.S. natural gas rig count — especially in the prolific Barnett Shale — points to a 3-5% drop in total U.S. volumes by the end of 2009, XTO Energy CEO Keith Hutton said Thursday.

Producers are laying down natural gas rigs in some of the most prolific basins in the United States, but it’s not coming fast enough to eliminate reserves growth, which could lead to an all-time inventory high by this time next year and pressure gas prices for at least another year, energy analysts said last week.

Producers are laying down natural gas rigs in some of the most prolific basins in the United States, but it’s not coming fast enough to eliminate reserves growth, which could lead to an all-time inventory high by this time next year, according to Barclays Capital.

Amid the prolific output of gas shales, the lumpiness of liquefied natural gas (LNG) deliveries and the peakiness of gas-fired power generation demand lies the home of numerous high-deliverability gas storage projects coming on-line now and in the coming years. Storage developers in the Gulf Coast region are betting that their services will be in high demand as the market juggles the volatility of the emerging supply-demand landscape.

Amid the prolific output of gas shales, the lumpiness of liquefied natural gas (LNG) deliveries and the peakiness of gas-fired power generation demand lies the home of numerous high-deliverability gas storage projects coming on-line now and in the coming years. Storage developers in the Gulf Coast region are betting that their services will be in high demand as the market juggles the volatility of the emerging supply-demand landscape.