Prices increased by generally small amounts at nearly all locations Tuesday outside the Northeast. As a Midcontinent producer had suggested a day earlier, storage holders under no requirements of an account-emptying deadline likely were continuing to replace gas that had gotten withdrawn during the previous two weeks. And albeit minuscule, cash had a tad of support from Monday’s futures rally of 1.5 cents.
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China Could Have Its Own Shale Revolution
An abundance of shale natural gas reserves in China could one day cause the country to turn away from pipeline imports and liquefied natural gas (LNG), suggested analysts at Barclays Capital. But China must unlock the secrets of its shales and develop infrastructure to move the gas produced, both of which will delay any shale revolution in the People’s Republic.
November 22, 2010
Shale Gas: Plenty of Reasons to Drill Holes in China
An abundance of shale natural gas reserves in China could one day cause the country to turn away from pipeline imports and liquefied natural gas (LNG), suggested analysts at Barclays Capital. But China must unlock the secrets of its shales and develop infrastructure to move the gas produced, both of which will delay any shale revolution in the People’s Republic.
November 18, 2010
Cabot: Methane Was in Dimock Water Wells Prior to Drilling
Only four drinking water wells in Dimock Township, PA, have methane exceeding the Department of the Interior’s (DOI) suggested action levels, according to data released Tuesday by Cabot Oil & Gas Corp., which said the study is further evidence that its natural gas drilling operations did not contaminate groundwater in the area.
October 20, 2010
Cabot: Data Clears Company in Dimock Methane Dispute
Only four drinking water wells in Dimock Township, PA, have methane exceeding the Department of the Interior’s (DOI) suggested action levels, according to data released Tuesday by Cabot Oil & Gas Corp., which said the study is further evidence that its natural gas drilling operations did not contaminate groundwater in the area.
October 20, 2010
Traders Discount Oil Stats, Weak Economic Data; August Gains 9.9 Cents
The expiring August natural gas futures contract finished on a high note Wednesday as traders suggested the perception of upward price momentum might be enough to carry the market past $5. August closed up 9.9 cents to $4.774 and September added 7.2 cents to $4.718. September crude oil dropped 51 cents to $76.99/bbl.
July 29, 2010
Forecast Return of Arctic Cold Lifts Futures; March Gains 30.3 Cents
A sharp reversal in the near-term weather forecast prompted heavy buying of natural gas futures Monday. Short-term traders suggested the market still had room to advance further, but also saw the day’s advance as a prime selling opportunity.
February 2, 2010
Forecast Return of Arctic Cold Lifts Futures; March Gains 30.3 Cents
A sharp reversal in the near-term weather forecast prompted heavy buying of natural gas futures Monday. Short-term traders suggested the market still had room to advance further, but also saw the day’s advance as a prime selling opportunity.
February 2, 2010
Spread Traders Pounce on Nearby Contracts; September Down 6.2 Cents
September natural gas futures retreated Wednesday as traders noted continued pressure on the front end of the board, but suggested the market was well supported at lower price levels. At the close September natural gas fell 6.2 cents to $3.479 and October shed 4.5 cents to $3.767. September crude oil gained 71 cents to $70.16/bbl.
August 13, 2009
Colorado Regulators Try to Prevent Kerfuffle Over Drilling Rules
Colorado’s nonpartisan Office of Legislative Legal Services (OLLS) has caused an uproar in the state legislature after it suggested repeal of one of the new rules that will govern future natural gas and oil drilling in the state.
March 5, 2009
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