Physical natural gas prices overall on average added 10 cents Monday as strength at eastern market points along with surging prices at Marcellus locations paced a broad advance. Midcontinent locations were also firm, but all points made gains. At the close of futures trading September had added 2.8 cents to $3.513 and October was higher by 3.2 cents to $3.553. October crude oil fell 50 cents to $105.92/bbl.
September
Articles from September
Memorial Production Strikes Multi-Play Deal
Houston-based Memorial Production Partners LP (MEMP) has agreed to acquire oil and gas properties in the Permian Basin, East Texas and the Rockies from its sponsor, Memorial Resource Development LLC, and affiliates of Natural Gas Partners for $606 million. The deal is MEMP’s largest acquisition to date and gets the partnership’s foot in the door in the Permian and Rockies.
New Duke Study Again Finds Water Well Methane Near PA Shale Wells
Concentrations of methane, ethane and propane were found in higher levels in drinking water for homes within a kilometer of shale gas wells in parts of the Marcellus Shale in northeast Pennsylvania, according to a study released Monday. It was the third such study by Duke University’s Robert Jackson, a professor of environmental sciences.
Flaring Remains a Stubborn Problem in North Dakota
Connecting the wells only addresses part of the problem with flaring of natural gas in North Dakota’s Bakken and Three Forks formations; it’s no help if there’s a lack of takeaway and processing capacity.
NatGas Output to Remain Near Flat Levels, Says Analyst
The horizontal natural gas drilling boom drove a long production growth period, but that boom topped out in September 2011, and overall monthly production has remained basically flat since then, analysts at Stephen Smith Energy Associates said in their most recent Monthly Energy Outlook. And while the number of horizontal gas rigs has fallen about 70% from its peak, several effects have worked to maintain the 18-month production plateau, they said.
NatGas Production to Remain Near Current Level This Year, Analyst Says
The horizontal natural gas drilling boom drove a long production growth period, but that boom topped out in September 2011, and overall monthly production has remained basically flat since then, analysts at Stephen Smith Energy Associates said in their most recent Monthly Energy Outlook. And while the number of horizontal gas rigs has fallen about 70% from its peak, several effects have worked to maintain the 18-month production plateau, they said.
West Virginia Enviro Groups Ask USDA to Require Tracers
A coalition of nine environmental groups in West Virginia have asked the U.S. Department of Agriculture (USDA) to require that operators add tracers to fluids used in hydraulic fracturing (fracking) at Marcellus Shale oil and gas wells drilled near the Monongahela National Forest.
Goldman Sees NatGas As Golden ‘Safe Haven’
With the price of gold now down nearly 30% from its record September 2011 high of $1,920.30/oz to around $1,377, analysts looking for a commodity to be bullish about have turned their focus to natural gas as a new commodity “safe haven,” thanks to the shale revolution.
North Dakota Sets More Records in February
Although overall month-over-month totals were down, production rates set all-time high marks for oil and natural gas in February in North Dakota, state officials reported Tuesday.
NatGas the New Gold? Goldman Thinks So
With the price of gold now down nearly 30% from its record September 2011 high of $1,920.30/oz to around $1,377, analysts looking for a commodity to be bullish about have turned their focus to natural gas as a new commodity “safe haven,” thanks to the shale revolution.