Roughly

Some sort of universal disclosure is needed throughout the oil and gas industry regarding hydraulic fracturing (fracking), Colorado Gov. John Hickenlooper recently told an energy conference.

The Republican-controlled Ohio House of Representatives passed HB 133 by a 54-41 vote on Wednesday. The measure opens land owned by the state — including state parks — to oil and gas leasing and creates a five-member Oil and Gas Leasing Commission.

Legislation that would open leasing on all property owned by the state government — including state parks — to oil and gas companies is advancing through the Ohio General Assembly and is expected to pass.

Thanks to the Montney and Horn River shale plays, Western Canada can hold its own in the natural gas renaissance; however, production from these developing plays will not offset declines in the region’s conventional gas production, according to Ziff Energy Group’s Edward Kallio, director of gas consulting.

Every week the Energy Information Administration (EIA) tells the gas industry roughly how much of its product is stored underground. Once a year it estimates how big the nation’s gas warehouse actually is. By the latest estimate, capacity has grown due to the opening of facilities and expansions.

Every week the Energy Information Administration (EIA) tells the gas industry roughly how much of its product is stored underground. Once a year it estimates how big the nation’s gas warehouse actually is. By the latest estimate, capacity has grown due to the opening of facilities and expansions.

Exploration and production (E&P) company insiders have a “profound sense of near-term caution” for 2009 and now expect natural gas and oil prices to average roughly 20% lower than Wall Street expectations, according to an informal survey by Raymond James & Associates Inc.

The outlook for natural gas demand and prices continues to edge down in 2009, according to the Energy Information Administration’s (EIA) monthly Short-Term Energy Outlook issued last week.

Exploration and production (E&P) company insiders have a “profound sense of near-term caution” for 2009 and now expect natural gas and oil prices to average roughly 20% lower than Wall Street expectations, according to an informal survey by Raymond James & Associates Inc.