Reserve

The unconventional gas boom continues, despite lower commodity prices, and it has contributed significantly to gas reserve growth, according to the latest U.S. exploration and production (E&P) benchmark study by Ernst & Young (E&Y).

Homeland Security Secretary Janet A. Napolitano Monday told a Senate committee that she wanted to “reserve judgment on the adequacy” of BP plc’s response efforts to the massive crude oil response in the Gulf of Mexico (GOM).

A financial services overhaul said to be under consideration by the Obama administration would elevate the Federal Reserve Board (Fed) to systemic risk regulator and create a new government agency to supervise banks, insurers and financial services firms. The proposed structure would leave most of the powers of current agencies intact, but calls to consolidate some of the powers of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) may lead to a turf battle in Congress.

Crude oil prices have shot up this year not because of excessive speculation but because demand has outstripped supply, Federal Reserve Chairman Ben Bernanke told the Senate Banking Committee last Tuesday.

Crude oil prices have shot up this year not because of excessive speculation but because demand has outstripped supply, Federal Reserve Chairman Ben Bernanke told the Senate Banking Committee Tuesday.

Apache Corp. estimates it may have a net reserve potential of 9-16 Tcf in the Ootla area of northeast British Columbia, a leasehold that could be the producer’s next big operating area, the company’s CEO said last week.

Longer term, analysts at the Federal Reserve Bank of Dallas predict “much higher natural gas prices,” despite a “sizable” inventory of undeveloped domestic resources.

Apache Corp. estimates it may have a net reserve potential of 9-16 Tcf in the Ootla area of northeast British Columbia, a leasehold that could be the producer’s next big operating area, the company’s CEO said Thursday.

Longer term, analysts at the Federal Reserve Bank of Dallas predict “much higher natural gas prices,” despite a “sizable” inventory of undeveloped domestic resources.