Cash natural gas prices on average gained more than 15 cents Thursday, but if volatile and constrained points such as New York and New England are factored out, the overall gain was just over a couple of pennies.
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Pennsylvania DEP Paves Way for Use of Acid Mine Water in Fracking
The Pennsylvania Department of Environmental Protection has finalized the process it will use for encouraging and reviewing proposals to use mine-influenced water, such as acid mine drainage, in oil and gas extraction operations from shale formations.
Shale Development Pushing New Mexico to 30-Year Production High
Based on the most recent state data for this year, New Mexico is on track to bust the 80 million bbl oil production level for the first time since the late 1970s, and natural gas is expected to stay level at about 1.2 Tcf, according New Mexico Oil and Gas Association (NMOGA) officials.
U.S. Unconventional Development Spreading Wealth Across Country
Economic contributions from unconventional development mostly are driven by the 16 states with oil and natural gas production, but a “significant portion” comes from states with no production, according to a state-by-state analysis by IHS Inc.
Illinois Joins Shale Bandwagon with Bullish Report
The potential of the New Albany Shale is still unproven, industry officials said.
Pennsylvania Appellate Court Sides with Newspapers
An appellate court in Pennsylvania on Friday ordered a lower court to reconsider a request by two newspapers to have court records in a water contamination case unsealed.
Producing Region Strength Unable to Counter Consuming Region Loss
The physical market lost a dime on average Thursday, but it was a mixed performance with gains in producing regions such as the Gulf Coast, Midcontinent and Rockies unable to offset free-falling prices in the Northeast and East.
National Fuel Proposes Pooling, Storage Flexibility in Appalachia
National Fuel Gas Supply Corp. in separate filings has asked FERC for permission to create new pooling points on its system and to enhance gas storage service by decoupling injection and withdrawal rights from storage capacity rights.
Anchor Drilling Fluids Opens Ohio Facility
Anchor Drilling Fluids USA Inc. announced Monday that it has opened a drilling fluids production plant in Wellsville, OH, the first such facility in the state and designed to service oil and natural gas operators in the emerging Marcellus and Utica shales.
Senator: Peregrine Raises Questions on Self-Regulatory Groups
Sen. Tom Harkin (D-IA) last Tuesday questioned the effectiveness of self-regulatory watchdog groups, such as the National Futures Association (NFA), as the “first line of defense” against market abuse following the disclosure that Iowa-based Peregrine Financial Group (PFG) and its founder Russell Wasendorf Sr. allegedly defrauded customers of more than $200 million.