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December Precariously Holding Support After Hefty Loss

December natural gas nearly notched a double-digit loss Wednesday as traders prepared for a government inventory report likely to show an inventory addition well above last year’s and the five-year average. At the close December had fallen 9.3 cents to $3.652 and January had skidded 9.4 cents to $3.749. December crude oil fell $1.06 to $95.74/bbl.

November 10, 2011

Pennsylvania Township Urging Voters to Oppose Drilling Ban

Elected officials from a wealthy Pittsburgh suburb are urging their constituents to vote against a controversial referendum on the Nov. 8 ballot that would ban hydraulic fracturing (fracking) over fears that its passage would put the suburb in the crosshairs for lawsuits and undermine its drilling ordinance.

October 28, 2011

Hefty EIA Storage Builds Expected; November Drops

November futures plunged Wednesday as traders anticipate an inventory report to not only show additions to storage well above historical averages, but also surpass the record for October. At the close November had dropped 12.7 cents to $3.489 and December had shed 6.8 cents to $3.791. November crude oil fell 24 cents to $85.57/bbl.

October 13, 2011

Bipartisan House Panel Adopts Pipe Legislation 51-0

In an almost unprecedented show of bipartisanship in the currently divided Congress, the House Energy and Commerce Committee last Wednesday unanimously adopted pipeline safety reauthorization legislation.

September 26, 2011

In Rare Show of Bipartisanship, House Panel Adopts Pipe Safety 51-0

In an almost unprecedented show of bipartisanship in the currently divided Congress, the House Energy and Commerce Committee Wednesday unanimously adopted pipeline safety reauthorization legislation.

September 22, 2011

Bill to Restart Offshore Lease Sales Passes House

The U.S. House, in a rare show of bipartisanship Thursday, passed the Restarting American Offshore Leasing Now Act (HR 1230), but there appears to be no rush in the Senate to develop a companion bill, where passage in any case may be in doubt.

May 9, 2011

House Passes Bill to Restart Offshore Lease Sales

In a rare show of bipartisanship, the U.S. House passed the “Restarting American Offshore Leasing Now Act,” also known as HR 1230, by a 266-149 vote on Thursday before breaking for the week. The bill now moves to the Senate.

May 6, 2011

Breakthrough Reported to Reduce Hydrofrack Chemicals in Produced Water

A breakthrough technology using an absorbent form of silica removed nearly all of the petrochemicals from water produced by hydraulic fracturing (hydrofracking) in natural gas shale wells and other geologic formations, Energy Department scientists reported late last week.

May 3, 2011

McMoRan Sees Promise in Shallow Water Wells

Deep natural gas drilling in the shallow waters of the Gulf of Mexico (GOM) continue to show promise and indicate “the potential for large structures” similar to discoveries onshore South Louisiana and in the GOM deepwater, executives with New Orleans-based McMoRan Exploration Co. said last week.

April 25, 2011

McMoRan Sees Promise in Shallow Water Wells

Deep drilling activities in the shallow waters of the Gulf of Mexico (GOM) continue to show promise and indicate “the potential for large structures” similar to discoveries onshore South Louisiana and in the GOM deepwater, executives with New Orleans-based McMoRan Exploration Co. said Monday.

April 19, 2011