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Alberta’s government claims that its oil and natural gas royalty system maximizes benefits for the province, but research shows otherwise — C$55 billion in potential revenue may be lost over the next three years because of “overly generous” royalty cuts and the failure to meet even “modest targets” set by previous provincial administrations.

Teak Midstream LLC is building more than 200 miles of natural gas gathering and residue delivery pipelines and an adjoining 200 MMcf/d cryogenic gas processing plant in South Texas to better serve producers operating in the Eagle Ford Shale, the Dallas-based company said Tuesday.

Energy Transfer Partners LP said Thursday that new long-term fee based gathering, processing and liquids services agreements with Eagle Ford Shale producers support plans for it to further expand its previously announced Rich Eagle Ford Mainline (REM) pipeline and construct another cryogenic processing facility.

A new analysis of U.S. Census Bureau data shows states with significant oil and natural gas resources fared the best in weathering the recession from December 2007 to June 2009.

A new analysis of U.S. Census Bureau data shows states with significant oil and natural gas resources did the best in weathering the recession, which ran from December 2007 to June 2009.

Continental Resources Inc. has successfully completed its second natural gas well in the Anadarko Woodford play, while the company’s production total continued to rise during 4Q2011.

Three researchers at Cornell University say a controversial study, conducted by their colleagues and stating that shale gas activities posed a more serious threat to global warming than coal, contains serious flaws and should be revisited.

The shale rocks that are reconfiguring the North American energy landscape eventually will be unearthed around the world, albeit at a much slower pace, but the economic impacts will be gigantic, an ExxonMobil Corp. executive said Tuesday.

July natural gas futures moved modestly higher Monday as options expired and traders saw the market holding its own. Recent data shows money managers favoring the “sell” side of the trading ledger. At the close July had risen 2.7 cents to $4.256 and August was up 1.4 cents to$4.264. August crude oil slipped 55 cents to $90.61/bbl.