Energen Corp. management said the first quarter of 2013 was “both encouraging and challenging” as test wells in the Third Bone Spring and Wolfberry formations of the Permian Basin performed well, but cold weather and interference issues worked against the company as profits fell slightly.
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A pair of attorneys with extensive knowledge of New York’s regulatory, business and geological climates said the rules proposed by the state Department of Environmental Conservation (DEC) governing high-volume hydraulic fracturing (HVHF) won’t hamper development of the state’s shale plays, and they believe permits will be issued soon.
Pennsylvania Department of Environmental Protection (DEP) Secretary Michael Krancer said late last month he is “not convinced” that wastewater injection wells are an issue in the state, and said he disagreed with a state legislator’s plan to enact a two-year moratorium.
Pacific Gas and Electric Co. was placed on the defensive last week by reports that suggested that as recently as four years ago the combination utility was encouraging workers to defer natural gas pipeline leak repairs. The combination utility responded and said it took exception to the allegations, which date back to 2008.
A longtime foe of hydraulic fracturing (fracking) in the Pennsylvania General Assembly has introduced a bill that would require companies applying for permits to drill Marcellus Shale natural gas wells to conduct pre-drill water quality tests for nearby landowners that request it.
Following the abrupt departure of Forest Oil Corp. (FST) CEO H. Craig Clark, one analyst that follows the company suggested that his quick exit was related to the company’s failure to strike a joint venture (JV) in the Eagle Ford Shale of South Texas.
The Environment Protection Agency (EPA) said it would “review and consider” an industry report’s claims that the agency has significantly overestimated methane emissions from natural gas well operations, particularly from unconventional wells using hydraulic fracturing. It contends, however, that its emissions estimates are based on the best data available.
The Nebraska Department of Environmental Quality (DEQ) said Thursday it has begun looking at alternative routes for the proposed Keystone XL oil pipeline suggested by its sponsor, Alberta-based TransCanada Corp. This means the start of a public hearing process by DEQ.
The House Natural Resources Committee has been investigating changes made to a report that suggested the post-Macondo well blowout moratorium in the Gulf of Mexico was supported by a panel of engineering experts, when in fact it wasn’t.
Even though he has suggested that a large amount of U.S. liquefied natural gas (LNG) exports could eventually jack up Henry Hub prices by as much as $1.40/Mcf by 2018, Robert Brooks, a founder of RBAC consultants in Los Angeles, told NGI Thursday there is great uncertainty surrounding any such predictions.