As the federal fiscal year comes to a close Friday, oil and gas leasing activity in the Rockies states declined markedly, according to the Denver-based Western Energy Alliance (WEA), a trade association for more than 400 exploration and production (E&P) companies. With the exception of North Dakota, all Rockies states leasing activity has declined since 2008, WEA said.
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West Virginia Bill Would Allow Pooling for Marcellus Wells
Legislation being drafted by West Virginia Gov. Earl Ray Tomblin’s administration includes a statutory pooling provision for shallow horizontal wells, which would include Marcellus Shale drilling in the state, according to Nick Casey, a member of the Lewis Glasser Casey & Rollins law firm in Charleston, WV.
February 1, 2011
Following Downhill Run, Price Roller-Coaster Set for New Climb
“It’s a real roller-coaster in the market right now,” said a western marketer in the wake of another shockingly low storage injection report from AGA Wednesday afternoon. After a dive that morning that took nearly all cash quotes between about 10 and 20 cents lower, the trader consensus was that the cash ride is due to turn uphill again today.
October 25, 2001
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