Seems

Several groups of Ohio landowners looking to lease thousands of acres in the Utica Shale believe their prospects are getting brighter now that the U.S. presidential election is over, oil and natural gas companies are starting to make moves and promising results are emerging from a well in Athens County.

Despite dry gas production curtailments and rig lay-downs nationwide, Northeast production will grow by 1 Bcf/d from its current 8.3 Bcf/d by the end of the year as the Marcellus Shale “seems impervious to the unfavorable economics,” Bentek Energy LLC said in its Forward Curve Quarterly.

The Environmental Protection Agency (EPA) on Friday released a draft of its long-awaited guidance to oil and natural gas producers on the use of diesel fuel in hydraulic fracturing (fracking).

Wisconsin seems caught right in the middle of current economic woes — not as well off as some Upper Midwest states, but decidedly better off than Michigan, its neighbor across the Great Lakes — and Wisconsin Energy Corp. (WEC) sees continuing signs of slow recovery of the industrial sector, according to CEO Gale Klappa.

If operators and service companies want to succeed in shale plays, they should keep an eye on state regulators, even in states far from where they plan to operate, “simply because those regulations tend to get passed around,” said a contractor active in shale plays.

August natural gas scored a double-digit gain Friday as traders noted what seems to be a never-ending series of forecasts calling for above-normal temperatures. At the close August was up 16.8 cents to $4.546 and September had added 16.2 cents to $4.520. August crude oil made an advance of its own adding $1.55 to $97.24/bbl.

Texas lawmakers are not yet into the meat of their current legislative session, but as with the last session two years ago, the Barnett Shale seems to be drawing the most attention, at least judging by potential legislation, Texas Independent Producers and Royalty Owners Association (TIPRO) President Justin Furnace told NGI’s Shale Daily.

There is, it seems, a downside to the tremendous natural gas production results in the Marcellus Shale, according to energy consultant Bentek Energy LLC.

There is, it seems, a downside to the tremendous natural gas production results in the Marcellus Shale, according to energy consultant Bentek Energy LLC.