After relying on industry voluntary actions regarding drilling setback and water sampling approaches, Colorado regulators are poised to establish new mandatory rules covering exploration and production (E&P) companies.
Articles from Relying
In an effort to avoid having to restart the process from square one, the New York Department of Environmental Conservation (DEC) will file for a 90-day extension on Thursday to finalize rules governing high-volume hydraulic fracturing (HVHF).
Range Resources Corp. came away from its deposition last week of an Environmental Protection Agency (EPA) staffer — who investigated alleged contamination of North Texas water wells by the company — touting more than a dozen revelations that the company says support its claim of innocence. And Range is going back to get more information from additional depositions of EPA officials.
Natural gas traders are relying more heavily on upcoming weather patterns to determine short-term price direction rather than focusing on storage or demand patterns. The most important demand pattern natural gas futures traders were concerned about Tuesday was the supply of contracts, and the buyers prevailed. January natural gas futures rose 10.6 cents to $7.141 and February added 10.2 cents to $7.278.
The gas industry will be relying less on domestic gas production this winter and more on gas from storage and liquefied natural gas (LNG) imports compared to the supply mix in recent years, the American Gas Association (AGA) said in a new report. The association predicts that there will be little relief from high prices as the supply-demand balance will remain tight.
North America most likely will not only be relying on liquefied natural gas (LNG) for the long haul, but also eventually will compete with Asia for LNG supplies, a group of energy executives said last week on the opening day of the North American Natural Gas Summit in Houston.