January natural gas drifted lower and February inched higher in uninspired trading Tuesday such that even options expiration could not whet trader appetites. Traders noted no attempts to either attack or defend nearby options strikes, and futures prices settled within fractions of Friday’s close. At the closing bell January had slipped 0.2 cent to $3.112 and February had added 0.3 cent to $3.150. February crude oil rose $1.66 to $101.34/bbl.
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EPA Report Finds Chemicals Linked to Fracking in Wyoming Aquifer
The groundwater in Pavillion, WY, contains chemicals that are normally used in natural gas production practices, such as hydraulic fracturing (fracking), according to a draft report released by the Environmental Protection Agency (EPA) Thursday.
EPA Draft Links Fracking, Groundwater Contamination in Wyoming
The groundwater in Pavillion, WY, contains chemicals that are normally used in natural gas production practices, such as hydraulic fracturing (fracking), according to a draft report released by the Environmental Protection Agency (EPA) Thursday.
Dallas Task Force Decides on Some Recommendations
As the city of Dallas’ Gas Drilling Task Force works to finalize the recommendations it is scheduled to make later this month to city council, members Tuesday came to a decision on a few items.
Cornell Researchers Slam Colleagues Over Negative Shale Gas Study
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.
Nearly All Points Up, But Bearish Signs Ahead
Although influences such as weather forecasts and record-setting storage inventories were on the weak side, only a couple of points (OGT in the Midcontinent and NOVA Inventory Transfer in Western Canada) were lower Tuesday.
CNYOG’s MARC I on Track to Boost Marcellus Storage Access
Inergy subsidiary Central New York Oil & Gas Co. LLC (CYNOG) is ready to move forward with construction of the MARC I Hub Line project in northeastern Pennsylvania — a project that is expected to give northern markets greater access to Marcellus Shale gas — following a FERC order this week granting the project a certificate of public convenience and necessity.
FERC OKs Projects to Deliver Marcellus Gas to Canada
The Federal Energy Regulatory Commission Thursday issued certificates for National Fuel Gas Supply Corp.’s Northern Access Project and Tennessee Gas Pipeline’s 230C Project, both of which would clear the path for the delivery of more Marcellus shale gas north into Canada.
Pennsylvania Considering Mandatory Shale Training
A proposal in the Pennsylvania General Assembly would establish a mandatory training and certification program for any worker on an unconventional well site in the state.
Pennsylvania Loosening Single Source Definition
The Pennsylvania Department of Environmental Protection (DEP) wants to ease up on the way related sources of air emissions from industrial operations, including Marcellus Shale developments, are grouped together for regulatory purposes.