Remains

WSI Still Expects Relatively Quiet Hurricane Season

With the official opening of the Atlantic hurricane season less than two weeks away — and the remains of Tropical Cyclone Alberto, the first named storm of the year, dissipating several hundred miles off the Mid-Atlantic coast — forecasters at Weather Services International (WSI) said Tuesday that they continue to expect a relatively quiet hurricane season this year.

May 23, 2012

Consol Getting Wet in Shales in Early Drilling

Consol Energy Inc. began its shift toward liquids in the first quarter, moving into the wet-gas portions of the Marcellus and Utica shales of southwestern Pennsylvania, West Virginia and Ohio.

April 18, 2012

North Dakota Continues to Set Production Records

After a record-setting 2011, North Dakota continues to set all-time highs in oil and natural gas production, producing wells and rig counts, according to the latest statistics from the state’s Department of Mineral Resources (DMR).

March 22, 2012

France’s Total Researching Colorado Oil Shale

While its investments with Chesapeake Energy Corp. in Barnett and Utica shale gas and oil plays have been widely publicized, Paris-based Total SA also is quietly investing in a major research and development (R&D) project looking at in-ground ways to develop oil shale, an unrealized dream of energy independence that the industry and some policymakers have flirted with for decades.

March 16, 2012

British Columbia Nurturing, Growing Shale Gas Resource

Even though northern shale drilling remains in its infancy, the British Columbia cradle of the emerging natural gas source is catching up fast to the traditional mainstay of Canadian supplies.

March 13, 2012

Baker Hughes CEO: ‘Tens of Thousands’ of North American Drilling Sites

Exploration in North America’s onshore remains in its earliest stages because producers are eyeing “tens of thousands” of locations for future drilling, Baker Hughes Inc. CEO Martin Craighead said Tuesday.

January 25, 2012

Futures Seen Falling Further; February Closes Down

February natural gas reacted to a weakening weather outlook and retreated under $3 again Tuesday. There remains little indication that the storage surplus will stop widening anytime soon, and traders look for continuing weakness. At the close February had fallen 7.0 cents to $2.941 and March had given up 8.0 cents to $2.970. February crude oil rose 93 cents to $102.24/bbl.

January 11, 2012

Marcellus Seen Tilting Market Westward

El Paso Corp.’s Ruby Pipeline and Kinder Morgan Energy Partners LP’s (KMP) Rockies Express Pipeline (REX) have linked “western and Northeast markets in a way that they were not linked historically,” according to Bentek Energy LLC. And with Kinder Morgan Inc.’s (KMI) pending acquisition of El Paso, the two pipelines are slated to be corporate cousins, at least for awhile.

January 9, 2012

Pennsylvania Closer to Regulating Gathering Lines

The Pennsylvania Senate unanimously approved legislation Tuesday to give state regulators oversight over gathering lines in the state.

December 19, 2011

NOAA: La Nina to Chill California This Winter

The current La Nina event — the cooling of Pacific Ocean surface temperatures off the coast of South America — remains unchanged and is expected to continue through the Northern Hemisphere’s winter season, influencing weather patterns across the United States for the next several months, according to the National Oceanic and Atmospheric Administration (NOAA).

November 21, 2011