Resource

Corridor Resources Inc. has begun the approval process to drill an exploration well on the Old Harry prospect in the Laurentian Channel, the Halifax, NS-based junior resource company said.

Penn Virginia Resource Partners LP (PVR) has begun commercial operations on the first large-diameter gathering pipeline in the north-central Pennsylvania Marcellus fairway, the Radnor, PA, company said.

North American natural gas producers have the geological resource, know-how, equipment and motivation to grow supplies faster than organic market demand, and with those drivers in place, this year will be a repeat of 2010, Barclays Capital analysts said last week.

North American natural gas producers have the geological resource, know-how, equipment and motivation to grow supplies faster than organic market demand, and with those drivers in place, this year will be a repeat of 2010, Barclays Capital analysts said Monday.

By 2030, natural gas will have become the second-largest global energy source — ahead of coal — aided by technologies that have unlocked enormous new supplies of gas from shale, tight formations and coalbed methane, ExxonMobil Corp. said Thursday.

Ohio will devote time and effort to take part in the Marcellus Shale drilling boom, Gov.-elect John Kasich said last week.

Canada’s Corridor Resources Inc. saw its stock lose almost one-third of its value on Monday after announcing “unexpected and perplexing” results from a shale gas appraisal program in New Brunswick.

Geothermal technology advances are in the works with some of them coming as an offshoot of oil/gas drilling advancements, and this renewable resource sector is on the verge of a big job creation spurt as a result, according to a report released Friday by the Geothermal Energy Association (GEA) at the start of its annual trade expo in Sacramento, CA.

A severance tax on Marcellus Shale gas production in Pennsylvania is only fair compensation for extraction of the resource, and the revenue would be a bulwark against recession, according to an analyst’s recent paper. However, a gas industry organization blasted the paper as coming from a left-leaning, union-backed source with questionable credibility.