Wyoming Gov. Matt Mead sees the potential for turning his state’s fossil fuels into gasoline as something that could add economic value to the state’s rich natural resources, according to Mead’s chief spokesperson. NGI asked for the governor’s response to the recent report that a legislative committee wants the state to help underwrite a study of the potential for turning natural gas and coal into gasoline (see Daily GPI, June 24).
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West Virginia Governor ‘Concerned’ After City Bans Fracking
West Virginia Gov. Earl Ray Tomblin said he was concerned about the Morgantown City Council’s decision Tuesday night to pass an ordinance banning hydraulic fracturing (fracking) within the city and an adjacent one-mile buffer zone, and requested the city to “confine its governance to its city limits.”
Ohio Senate Passes Bill Allowing Drilling on State Land
The Republican-controlled Ohio Senate passed Substitute HB 133 by a 22-10 vote on Wednesday. The measure creates a five-member Oil and Gas Leasing Commission (OGLC) and opens land owned by the state — including state parks but not nature preserves — to oil and gas leasing.
Gas Demand Growth to Rise, Says Schlumberger CEO
Schlumberger Ltd. CEO Andrew Gould last week repeated an old adage and added something new to it, telling an industry audience in New Orleans, “if you want to find oil, you have to drill. And if you want to produce unconventional gases or oils, it is even truer.”
Schlumberger CEO: Higher Shale Recovery Rates Equal Big Opportunity
Schlumberger Ltd. CEO Andrew Gould repeated an old adage and added something new to it on Monday, telling an industry audience in New Orleans, “if you want to find oil, you have to drill. And if you want to produce unconventional gases or oils, it is even truer.”
Landowners Fret Over Proposed Military Base in Eagle Ford
Landowners in the Eagle Ford shale play are worried that plans by the Texas Army National Guard to build a new training center will keep them from their mineral rights.
Anadarko, Korea National Oil Enter Eagle Ford JV
Anadarko sales volumes from the Eagle Ford have been 46% oil, 27% natural gas liquids and 27% dry gas.
More Unconventional Acquisitions Possible, Says Chevron CEO
Chevron Corp. could make a bigger push into U.S. unconventional plays once the acquisition of shale operator Atlas Energy Inc. is completed, CEO John Watson said Friday.
Here We Go Again; Northeast Soars, Other Points Soft
There was something familiar about the pattern of Wednesday’s cash market. Perhaps it was because exactly two weeks earlier Northeast citygates were also spiking in the face of a approaching winter storm while nearly all other points softened moderately.
Rest of Market Finally Joins Northeast in Rising Prices
Something that the market had seen almost none of for quite a long time — higher prices across the board — occurred Wednesday.