North Dakota lawmakers continue holding hearings and debating the merits of energy bills to create incentives for less associated gas flaring at the wellhead and to provide tax relief for oil and gas producers, a spokesperson for the state Department of Mineral Resources (DMR) told NGI’s Shale Daily Monday.
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The U.S. Energy Information Administration (EIA) said natural gas production in Pennsylvania increased 69% in 2012, despite a reduction in drilling activity.
Generally rising crude oil prices pumped up the drilling rig count (53) in California to a 22-year high in July, and a lot of the action is in “urban plays,” previously dormant or downplayed fields from the state’s rich history of oil and natural gas production that are suddenly stirring new drilling.
For the second time this year, Newfield Exploration Co. raised its full-year production forecast based on rising output from key U.S. onshore oil and natural gas liquids (NGL) plays.
The price for Utica Shale acreage is rising at a surprising clip if a lease agreement signed this week by the Board of Commissioners of Columbiana County, OH, and an agent for Chesapeake Energy Corp. is any indication.
Continuing its basement-to-the-penthouse rise in the energy sector, North Dakota’s latest oil/gas production statistics make the state that had no drilling rigs operating in 1999 now the second biggest oil producer in the nation, trailing only Texas.
Relief is at hand for shippers suffering from rising tolls on TransCanada Corp.’s natural gas pipeline network, the National Energy Board (NEB) has been told.
The approach of colder temperatures that would take Friday lows into the 30s in the Northeast kept spot prices rising in that region Thursday. But most other areas succumbed to predictions of weekend warming trends and the previous day’s 9.3-cent futures drop in recording lower quotes.