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Seneca’s Marcellus Brings More Output, Record Reserves

Seneca Resources Corp. credited the Marcellus Shale for “tremendous growth” during the fiscal fourth quarter, with production and reserves posting big gains — reserves to a record high — and a successful drilling program in Pennsylvania allowing it to raise production guidance for 2014.

October 23, 2013

Cold Has Midwest Buyers Scrambling; Futures Inch Higher

Wednesday physical natural gas trading for Thursday delivery saw widespread weakness of a few pennies at most spots around the country offset by significant strength in California and New England, where colder temperatures were beginning to set in.

October 23, 2013
Bakken Rail Transport to Pick Up, State Official Says

Bakken Rail Transport to Pick Up, State Official Says

After several months of decline, rail transport of crude oil is likely to pick up during the rest of the year, according to North Dakota Pipeline Authority Director Justin Kringstad, who said the widening spread in global Brent and U.S. WTI oil prices will drive more shipments back to rail.

October 23, 2013
Michigan Crafts New Fracking Rules

Michigan Crafts New Fracking Rules

Despite the fact that they may not be needed anytime soon, Michigan’s Department of Environmental Quality (DEQ) announced Tuesday it is crafting new rules for hydraulic fracturing (fracking) to reflect the concerns of residents and environmentalists.DEQ regulators have hosted or attended more than 200 public meetings around the state during the past two years. “We have heard loud and clear that there is a growing concern about fracturing,” said DEQ Director Dan Wyant.DEQ’s proposed fracking changes focus on four key areas:

October 23, 2013

Four Deep Panuke Natural Gas Wells Producing

Encana Corp. now has four natural gas wells producing to sales at the Deep Panuke platform offshore Nova Scotia, the producer said Wednesday.

October 23, 2013
Bill Barrett Selling West Tavaputs, Cutting Debt

Bill Barrett Selling West Tavaputs, Cutting Debt

Denver-based Bill Barrett Corp. continued to increase its emphasis on oil over natural gas with an agreement to sell its West Tavaputs gas property in the Uinta Basin in Utah.

October 23, 2013
Berry Downplays Gas for Uinta, Permian Oil

Berry Downplays Gas for Uinta, Permian Oil

Denver-based Berry Petroleum Co. said Wednesday it expects to see its natural gas assets in the Piceance in Colorado and East Texas Haynesville/Bossier Shale decline this year as its continues to target its investment toward oil assets in the Uinta and Permian Basins.

October 23, 2013

Shell Unit Applies to Become Swaps Dealer

Houston-based Shell Trading Risk Management LLC, a unit of Royal Dutch Shell plc, has applied to become a registered swaps dealer, according to a registry kept by the National Futures Association (NFA).

October 23, 2013
The ‘Age of Gas’ Is Coming, GE Report Says

The ‘Age of Gas’ Is Coming, GE Report Says

As an outgrowth of the North American shale revolution, natural gas increasingly will capture a bigger piece of global energy demand with a denser network offering greater flexibility and improved economics, according to a white paper released Friday by General Electric Corp. (GE).

October 21, 2013

GE Capital, Clean Energy Form Alliance on Truck Fleets

Newport Beach, CA-based Clean Energy Fuels Corp., one of the nation’s largest providers of natural gas transportation fuels and fueling infrastructure, said Monday it has formed a strategic alliance with the transportation finance unit of General Electric Corp. (GE) aimed at heavy duty trucking fleets.

October 21, 2013