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Study: Shares in Oil, Gas Companies Held Mostly by Middle Class

The outstanding shares of U.S.-based oil and natural gas companies are primarily held by the middle class rather than the officers and board members of the companies, according to a new study by a Washington, DC-based economic advisory firm.

October 28, 2011

Forth Worth’s Barnett Air Study Anticlimactic

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.

July 25, 2011

Air Study Finds Little to Worry About in Fort Worth

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.

July 19, 2011

GasMart 2011: ‘Back to the Future,’ Bentek Says

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.

May 12, 2011

Traders Question Viability of Recent Advance; June Inches Lower

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.

May 3, 2011

Analysts: Canadian Gas Industry Must Look Beyond U.S.

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.

April 4, 2011

Texas Examiners Clear Range of Water Contamination

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.

March 14, 2011

Traders Looking for $3.50; April Slides

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.

March 9, 2011

Texas Examiners Clear Range of Water Contamination

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.

March 9, 2011

Mother Nature Blamed for Texas Well Contamination

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.

March 9, 2011