PADEP Secretary: Enviro Group’s ‘Math Seems to Be Off’

Department of Environmental Protection (DEP) Secretary Michael Krancer said a recent report by the Natural Resources Defense Council (NRDC) was “incorrect and inapplicable to Pennsylvania in many respects,” and urged the environmental group to reconsider its labeling of natural gas as a “dirty fossil fuel.”

June 27, 2012

Cash, Futures Mostly Mixed Ahead Of Fresh Inventory Data

Cash market averages Wednesday for Thursday delivery were mixed but mostly quiet, but operational issues raised prices at points in California. Futures markets drew to a mixed close as bulls continued to cling to technical support levels and bears awaited storage data expected to continue a trend of sub-par withdrawals.

March 15, 2012

Survey Finds Tougher Challenges, Aging E&P Workforce

The challenges of developing oil and gas resources in unconventional plays and in the deepwater have raised the bar for geosciences and petroleum engineering professionals and heightened the importance of human resource (HR) management at exploration and production (E&P) companies, according to the latest survey from Schlumberger Business Consulting (SBC).

March 12, 2012

Idaho Debate Heats Up Over Oil and Gas Safeguards

The fledgling oil and gas industry emerging in parts of Idaho has raised a debate over proposed rules on drilling being considered at the city and county government level. Both sides are gearing up for a fight in the state legislature next year.

December 22, 2011

Pennsylvania Lawmakers Go into Overtime on Impact Fee, Local Control

On the final evening of debate before state lawmakers recessed for the year, critics of a impact fee in Pennsylvania fought to increase the amount of revenue raised by the proposal.

December 15, 2011

MarkWest CEO Sees ‘Critical’ Need for Utica Shale Midstream

MarkWest Energy Partners LP, which teamed up with private equity fund The Energy & Minerals Group (EMG) three years ago to create one of the largest natural gas processing companies in the Marcellus Shale, now sees a “critical” need to create similar midstream infrastructure in the emerging Utica Shale, CEO Frank Semple said late Monday.

December 15, 2011

Siemens Makes $350M Bet on U.S. Gas Growth

Already a large player in the U.S. natural gas-fired power sector, Siemens Energy Inc. raised it bets this month on future gas growth with the opening Wednesday of its $350 million expansion of its turbine manufacturing facilities in Charlotte, NC.

November 21, 2011

Buying Shale Gas Assets Is Risky Business, Says Study

With the bar continually raised on the estimated ultimate recoveries (EUR) from wells drilled in U.S. shale gas plays, determining how to value unconventional acreage is proving to be a diverse, complicated process, according to a new report.

September 26, 2011

Kansas Regulators Cite Concerns Over Southern Star Storage Project

Kansas regulators have raised concerns over Southern Star Central Gas Pipeline’s proposal to expand its Alden Gas Storage Field in Rice County, KS, citing unknown integrity of well plugs in the area.

August 23, 2011

MIT Offers Prospect of New Pipe Safety Tool

In today’s safety-sensitive time for the North American natural gas pipeline industry, a small measure of hope was raised Monday by researchers at the Massachusetts Institute of Technology (MIT) for a new tool to help detect pipeline problems before they arise. It involves the application of an existing MIT computer model that tests automobile components for crashworthiness.

August 17, 2011