Last year “large overseas companies” invested more than $15 billion in U.S. shale plays, and they weren’t putting down the money to “expect juicy margins at $4/Mcf gas,” analysts with Raymond James & Associates Inc. said Monday.
Remains
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Prices Still Rising by Moderate Amounts
Prices continued to move higher at a majority of points as this week’s overall rebound completed its third day Wednesday. Heating load remains fairly strong as lows from the mid 20s through the low 40s are in the Thursday forecast for Canada and much of the northern two-thirds of the U.S.
Corbett Still Opposes Severance Tax; Might Consider Impact Fees
On the eve of the first meeting of his recently formed Marcellus Shale Advisory Commission, Pennsylvania Gov. Tom Corbett remains firmly opposed to a state-imposed severance tax on the natural gas industry, but is open to the idea of local impact fees. And those fees can’t be considered until the local impact of drilling is quantified, a Corbett spokesman told NGI Thursday.
BP Still Committed to Rosneft Deal Despite Legal Setback
BP plc said it remains committed to finding a way to resolve differences with its Russian partners after an arbitration tribunal Thursday extended an injunction of a historic stock swap and alliance with OAO Rosneft.
Corbett Remains Opposed to Severance Tax; Might Consider Impact Fees
With the first meeting of his recently formed Marcellus Shale Advisory Commission set for Friday, Pennsylvania Gov. Tom Corbett remains firmly opposed to a state-imposed severance tax on the natural gas industry, but is open to the idea of local impact fees. And those fees can’t be considered until the local impact of drilling is quantified, a Corbett spokesman told NGI’s Shale Daily Thursday.
California Muni ‘Tied at Hip’ to Natural Gas
Even with an energy industry “sea change” to renewables, the Los Angeles Department of Water and Power (LADWP) remains “tied at the hip” to natural gas and the industry’s current shale boom, General Manager Ron Nichols told NGI last Thursday.
Utility Chief Credits Shales for Price Stability
Even with an energy industry “sea change” to renewables, the Los Angeles Department of Water and Power (LADWP) remains reliant on natural gas and the industry’s current shale boom, General Manager Ron Nichols told NGI’s Shale Daily on Thursday.
California Muni ‘Tied at Hip’ to Natural Gas
Even with an energy industry “sea change” to renewables, the Los Angeles Department of Water and Power (LADWP) remains “tied at the hip” to natural gas and the industry’s current shale boom, General Manager Ron Nichols told NGI.
Corbett Continues to Roll Back Pennsylvania Natural Gas Regulations
The administration of Pennsylvania Gov. Tom Corbett continues to roll back natural gas development regulations put in place by its predecessor.
Survey Finds Public Support for Pennsylvania Severance Tax
Public support for a state-imposed tax on natural gas drilling in Pennsylvania’s Marcellus Shale region remains solid, according to the results of a survey of 800 registered voters conducted between Dec. 27 and Jan. 2.