As the Bakken and Eagle Ford shale plays have shown, oil and gas wells go up long before there are enough homes for all the workers who flock to the energy patch for high-paying jobs. A study released Tuesday intends to lay out a strategy for Eagle Ford counties in South Texas to meet regional housing needs over the next 10-15 years.
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Pennsylvania Lost $200 Million Without Natural Gas Production Tax
Pennsylvania lost nearly $200 million in state revenue by not imposing a tax on natural gas in October 2009, according a statewide think tank.
CFTC IG Eyes Record-Keeping Practices of Market Surveillance
The inspector general (IG) of the Commodity Futures Trading Commission (CFTC) has initiated an independent inquiry of the agency’s market surveillance operations, according to a semi-annual report forwarded to Congress.
CFTC IG Eyes Record-Keeping Practices of Market Surveillance
The inspector general (IG) of the Commodity Futures Trading Commission (CFTC) has initiated an independent inquiry of the agency’s market surveillance operations, according to a semi-annual report forwarded to Congress.
Futures Still Range-Bound as Industry Prepares for Nonholiday
Entering the Thanksgiving semi-shortened holiday week, December natural gas futures wasted no time on Monday exploring the lower end of the recent $7.500 to $8.500 trading range. The prompt-month contract recorded a low of $7.785 before closing out the session at $7.787, down 21.4 cents on the day.
Drilling Vessel Targets Methane Hydrates in Gulf of Mexico
The Uncle John semi-submersible drilling vessel will enter the Gulf of Mexico later this month to embark on a 35-day mission to test drilling through methane hydrates with two pairs of deep wells. Methane hydrate, which is called the “ice that burns” because it releases a flammable gas when it melts, may represent up to 200,000 Tcf of natural gas, according to the DOE’s Office of Fossil Energy. But the industry is years away from understanding how to tap the resource.
Drilling Vessel Targets Methane Hydrates in Gulf of Mexico
The Uncle John semi-submersible drilling vessel will enter the Gulf of Mexico later this month to embark on a 35-day mission to map out methane hydrates with two pairs of deep wells. Methane hydrate, which is called the “ice that burns” because it releases a flammable gas when it melts, may represent up to 200,000 Tcf of natural gas, according to the DOE’s Office of Fossil Energy.
Rockies Pipes Hold Out Against Overall Price Plunges
Nobody got faked out by the semi-pause Thursday in last week’s headlong price tumble. As NGI sources had predicted, softening resumed Friday with a vengeance. Except for flat to only moderately lower numbers in the Rockies, prices tended to slump between about 40 cents and nearly $1.80. Most losses were in the range of 50-80 cents.
Overall Firmness Led by More Spikes in Rockies
With Canada already around freezing and sending those semi-arctic conditions south of the border, traders braced for a week of cold with price upticks Monday that were fairly moderate, around a dime or less in a majority of instances. But the Rockies market continued its torrid pace from last week with further spikes, and was joined in double-digit gains by San Juan Basin, Pacific Northwest and Western Canada points and some Northeast citygates.
Ratepayers Berate SDG&E Contracting Failure
The semi-independent consumer advocacy branch of the California Public Utilities CommissionThursday asked the energy regulators to deny San Diego Gas and Electric $98 million in revenues as a penalty for the utility’s alleged failure to purchase power supplies on a fixed-price, forward contracts basis between July 1, 1999 and Aug. 31, 2000. Most ofwhat the CPUC’s Office of Ratepayer Advocates (ORA) concludes were missed opportunities occurred last summer when wholesale power prices first skyrocketed in the West.