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The results of a long-awaited, million-dollar study of air emissions in Fort Worth’s portion of the Barnett Shale in North Texas are in and rather anticlimactic. While a handful of sites were found to have emissions exceeding regulatory allowances, setback requirements for natural gas facilities were generally found to be adequate.

The results of a long-awaited, million-dollar study of air emissions in Fort Worth’s portion of the Barnett Shale in North Texas are in and rather anticlimactic. While a handful of sites were found to have emissions exceeding regulatory allowances, setback requirements for natural gas facilities were generally found to be adequate.

Now that the energy industry is done marveling at the shale gas revolution and is believing in abundant gas supplies for years to come, a similar North American supply renaissance is in the making in crude oil, Bentek Energy LLC’s Jim Simpson told attendees at GasMart 2011 in Chicago Wednesday.

June natural gas futures showed little movement as traders see a market driven by short-covering by funds and managed accounts rather than any fundamental development that could provide a sustainable base for further gains. By the end of the day June had eased half of a penny to $4.693 and July had risen two-tenths of a penny to $4.763. June crude oil dropped 41 cents to $113.52/bbl.

Faced with pricing uncertainty, anticipated decrease in U.S. demand and a shifting regulatory landscape, Canadian gas companies will need to look beyond the United States if they are to retain market share and remain competitive, according to Ernst & Young.

Natural gas found in North Texas water wells did not come from the Barnett Shale but rather the gas-bearing Strawn formation, which is closer to the surface, hearing examiners at the Railroad Commission of Texas (RRC) said in a report released last week. Range Resources Corp. has been accused of contaminating the wells with its Barnett drilling activities.

April natural gas futures worked lower Tuesday as traders continued to focus on expected production levels rather than near-term weather or storage. Near-term weather forecasts signal the end of what has been a very cold heating season, and short-term analysts have a $3.50 target in their sights. At the close April futures were down 6.3 cents to $3.864 and May lost 6.0 cents to $3.924. April crude oil declined 42 cents to $105.02/bbl.

Natural gas found in North Texas water wells did not come from the Barnett Shale but rather the gas-bearing Strawn formation, which is closer to the surface, hearing examiners at the Railroad Commission of Texas (RRC) said in a report released Monday. If accepted by commissioners, the finding would exonerate Range Resources Corp., which had been accused of contaminating the wells with its Barnett drilling activities.

Natural gas found in North Texas water wells did not come from the Barnett Shale but rather the gas-bearing Strawn formation, which is closer to the surface, hearing examiners at the Railroad Commission of Texas (RRC) said in a report released Monday. If accepted by commissioners, the finding would exonerate Range Resources Corp., which had been accused of contaminating the wells with its Barnett drilling activities.