Seven

Despite numerous proposed power generation projects, California faces a seven-year window (2017-2024) in which an adequate amount of natural gas-fired power is uncertain without costly upgrades to an aging fleet of coastal facilities, according to a long-term strategic plan by the California Independent System Operator (CAISO).

Despite numerous proposed power generation projects, California faces a seven-year window (2017-2024) in which adequate amounts of natural gas-fired power is uncertain without costly upgrades to an aging fleet of coastal facilities, according to a long-term strategic plan by the California Independent System Operator (CAISO).

The growth of the Marcellus Shale likely won’t be constrained by market demand, despite a projected seven-fold increase in production from the play over the next 15 years, according to FBR Capital Markets.

The growth of the Marcellus Shale likely won’t be constrained by market demand, despite a projected seven-fold increase in production from the play over the next 15 years, according to FBR Capital Markets.

An economic impact study released Tuesday by the Ohio Oil & Gas Energy Education Program (OOGEEP) found that more than 200,000 oil and natural gas jobs, generating $12 billion in wages and income, could be created in the Buckeye State’s portion of the Utica Shale by 2015.

A cooperative and coordinated effort by state and federal agencies and the industry to develop and promulgate “best practices” is key to winning the public’s trust and to successful development of the nation’s shale gas resources, according to a report issued Thursday by a federal advisory panel.

SandRidge Energy will transfer a 13.2% interest in its Mississippian Lime play acreage in northern Oklahoma and southern Kansas to an affiliate of South Korean investment firm Atinum Partners Co. for $500 million, the Oklahoma City-based company said.

The Federal Energy Regulatory Commission Tuesday approved a request by ETC Tiger Pipeline LLC, a unit of Dallas-based Energy Transfer Partners LP, to place a 400 MMcf/d expansion of its system in service.

Tulsa-based contract drilling company Helmerich & Payne Inc. said Tuesday it has agreements in place with eight U.S. exploration and production companies to build and operate 12 of its proprietary FlexRigs, which are to begin onshore operations in fiscal 2012.