Sources

California regulators on Wednesday approved a long-term plan for Southern California Edison Co.’s (SCE) future sources of electricity, which deemphasizes the use of natural gas.

The multi-year review by the U.S. Environmental Protection Agency (EPA) of the potential risks on public drinking water sources from hydraulically fracturing (fracking) natural gas wells includes case studies in five unconventional drilling areas around the country in the Marcellus, Barnett and Bakken shales, as well as the Raton Basin.

The multi-year review by the U.S. Environmental Protection Agency (EPA) of the potential risks on public drinking water sources from hydraulically fracturing (fracking) natural gas wells includes case studies in five unconventional drilling areas around the country.

Williams, which has been expanding its onshore presence in the Marcellus and Utica shales, late Tuesday snagged a deal to significantly expand its onshore footprint in a $2.4 billion transaction to acquire half of the natural gas pipeline system once owned by Chesapeake Energy Corp.

Citing the onslaught of shale gas volumes, the Energy Information Administration (EIA) Wednesday projected that dry natural gas production will increase significantly throughout 2040, outpacing domestic consumption by 2020 and spurring net exports of natural gas sooner than the agency had expected.

Facing a “flattening out” of revenue sources in the wake of a scourge of summer wildfires and continued low domestic natural gas prices, Wyoming Gov. Matt Mead on Friday submitted a supplemental 2013-14 state budget with a 6% annual reduction in the state’s general fund spending.

On Monday Reuters, citing unnamed sources, reported that a much-anticipated report commissioned by the U.S. Department of Energy (DOE) on the domestic market impacts of exporting liquefied U.S. gas is being prepared by NERA Economic Consulting. However, neither DOE nor the consultancy would confirm this.

Gas-to-coal switching, which has drained some of the excess domestic gas stores, will tell the tale about 2013 natural gas prices, with gas expected to continue to gain in the first six months, while coal regains some of its losses in the second half of the year, according to Raymond James & Associates Inc.

The Energy Information Administration (EIA) on Wednesday said domestic natural gas consumption is on track to grow this year, while marketed production will slow.