Six energy prognosticators over the past week have raised their outlooks for domestic natural gas prices this year, with one indicating that $4.50/MMBtu this summer is “on the table” based on a colder-than-expected end to winter and slowing production in major onshore basins.
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Industry Applauds Obama Order on Unconventional Gas Development
Singling out natural gas as an economic engine for the nation, President Obama Friday signed an executive order establishing a high-level, interagency task force to support and oversee the development of unconventional natural gas resources and associated infrastructure.
Texas Production Prompts Midstream Expansions
As liquids-rich production continues to grow in the Lone Star State, midstream developers sensitive to producer needs last week announced plans for a pipeline expansion, two new processing facilities and a fractionator.
TransCanada to Route Keystone Around Sandhills
TransCanada Corp. said Monday it will find a new route for its controversial Keystone XL oil pipeline around the water-sensitive Sandhills area in Nebraska, and to that end, it is supporting legislation proposed in the state legislature to develop a new route for the portion of Keystone that would cross the state.
Pennsylvania Assisting Federal Probe of Wells in State Forests
The Pennsylvania Department of Conservation and Natural Resources (DCNR) is assisting an investigation by the federal National Park Service (NPS) to determine whether any Marcellus Shale natural gas wells on state forest land were improperly approved by the state.
MIT Offers Prospect of New Pipe Safety Tool
In today’s safety-sensitive time for the North American natural gas pipeline industry, a small measure of hope was raised Monday by researchers at the Massachusetts Institute of Technology (MIT) for a new tool to help detect pipeline problems before they arise. It involves the application of an existing MIT computer model that tests automobile components for crashworthiness.
IEA: Unconventional Gas ‘Revolution’ in North America
The International Energy Agency (IEA) says the worldwide amount of estimated recoverable gas has doubled over the last few years thanks to unconventional gas resources. The agency noted that a global race for unconventional resources is on.
Colorado Reports Fewer Applications to Drill
Colorado may approve 38% fewer natural gas and oil drilling permits this year than it did in 2008, the Colorado Oil and Gas Conservation (COGCC) staff said in a report issued on Tuesday.
BLM Reconsiders Leasing Plan in Northeastern North Slope Area
The Bureau of Land Management (BLM) in Alaska is cautiously moving ahead on a plan that could lead to oil and natural gas leasing in an environmentally sensitive corner of the National Petroleum Reserve-Alaska (NPR-A) by late next year.
BLM Reconsiders Leasing Plan in Northeastern North Slope Area
The Bureau of Land Management (BLM) in Alaska is cautiously moving ahead on a plan that could lead to oil and natural gas leasing in an environmentally sensitive corner of the National Petroleum Reserve-Alaska (NPR-A) by late next year.