Result

Alberta will remain a blank spot on the shale gas production map of North America until the provincial government overhauls unfavorable royalties, according to a study circulating in the industry capital of Calgary.

Alberta will remain a blank spot on the shale gas production map of North America until the provincial government overhauls unfavorable royalties, according to a study circulating in the industry capital of Calgary.

If New York City were to fall out of compliance with its filtration avoidance agreement as a result of chemicals in the runoff from drilling or other development now being contemplated in the Catskills/Delaware watershed, it could be forced to spend $6-10 billion for a water filtration plant, according to a report from the city’s Independent Budget Office (IBO).

Partly as a result of Tropical Storm Ida impacting some receipt points on its system, Florida Gas Transmission issued an Overage Alert Day for market-area customers Monday, noting that linepack was low and highs in the mid 80s were forecast for Florida. The tolerance for negative daily imbalances was set at 15%.

The U.S. natural gas rig count is showing a much faster-than-expected recovery, which is worrisome and could result in more supply than needed in 2010, Barclays Capital analysts said last week.

The U.S. natural gas rig count is showing a much faster-than-expected recovery, which is worrisome and could result in more supply than needed in 2010, Barclays Capital analysts said Tuesday.

A decline in the price of natural gas could result in significantly lower rates this winter for the customer of two utilities in the Pacific Northwest.

The CEO of Houston-based W&T Offshore Inc. said the company has turned a corner to profitability and will be building its cash position in anticipation of bargains to come.

Rising pipeline and gathering system pressures over the next few months “will likely result in involuntary natural gas production curtailments across the industry,” Chesapeake Energy Corp. officials said last week.