Punxsutawney

Industry Brief

Ridgeline Energy Services Inc. said it plans to construct a water treatment facility in the Marcellus Shale near Punxsutawney, PA. The Calgary-based company said it had executed an agreement for an initial single train commercial installation (STCI) that would concentrate on produced water, with an anchor customer providing about 2,500-4,000 b/d of wastewater. Ridgeline said it was looking to build additional permanent installations in the same production area and expand its presence in western Pennsylvania. Installation of the first STCI is to begin in about a month.

April 12, 2013

Lawmaker: Drilling Foes Spreading Hysteria Over Act 13

Pennsylvania House Speaker Sam Smith (R-Punxsutawney) accused opponents of shale gas drilling of spreading misinformation about Act 13, calling their claims that the law’s language on chemical disclosure would prevent doctors from treating their patients “outrageous.”

April 16, 2012

Raymond James Forecasts ‘Ugly’ Gas Prices for Rest of Year

Despite Punxsutawney Phil’s prediction on Groundhog Day of a longer winter, the near-term outlook for natural gas is “very bearish,” and the second half of winter and the rest of 2008 “will be ugly for gas prices,” Raymond James & Associates Inc. said last week.

February 18, 2008

Raymond James Forecasts ‘Ugly’ Gas Prices for Rest of Year

Despite Punxsutawney Phil’s prediction on Groundhog Day of a longer winter, the near-term outlook for natural gas is “very bearish,” Raymond James analysts said Monday. The second half of winter and the rest of 2008, they said, “will be ugly for gas prices.”

February 12, 2008

EOG, Apache Warn Prices, Costs Threaten North American Budgets

EOG Resources Inc. CEO Mark Papa is hoping Punxsutawney Phil sees his shadow on Friday to help extend the winter season by a few more weeks. Papa warned Thursday the warmer-than-average winter season has placed the natural gas market in a “perilous condition,” and without a cold February, EOG may cut capital expenditures and trim its production forecast for 2007.

February 2, 2007

WSI Says U.S. to Remain Cooler Than Normal Through Mid-Spring

Backing up for the most part what Punxsutawney Phil confirmed last month, WSI Corp. last week said it is calling for cooler than normal temperatures during the early spring to be followed up later in the season with warmer than normal weather across most of the nation.

March 1, 2004

WSI Says U.S. to Remain Cool Through Mid-Spring

Backing up for the most part what Punxsutawney Phil confirmed earlier this month, WSI Corp. is calling for cooler than normal temperatures during the early spring to be followed up later in the season with warmer than normal weather across most of the nation.

February 24, 2004