Suggesting

The top geologists in Colorado and Oklahoma, two states with significant shale resources, say researchers with the U.S. Geological Survey (USGS) were hasty in suggesting that injection wells used to dispose of wastewater from oil and gas drilling are responsible for an increase in earthquakes in the Midcontinent region.

Atlas Energy Inc. shareholders have overwhelmingly approved a proposed $4.3 billion merger with Chevron Corp., Pittsburgh-based Atlas said Wednesday.

Natural gas production and rig counts have “diverged materially since 2008,” suggesting that “rig productivity” is the force behind massive supply growth, Barclays Capital energy analysts said last week.

Natural gas production and rig counts have “diverged materially since 2008,” suggesting that “rig productivity” is the force behind massive supply growth, Barclays Capital energy analysts said this week.

The Barnett Shale in the Fort Worth Basin may be the most hyped natural gas shale area of North America, but at least one analyst is suggesting that the Canadian Maritimes abundant rock could be the next new thing.

Prices continued to advance at a solid majority of points Tuesday, but the gains were considerably less robust than Monday’s, suggesting that this week’s heat-inspired rally may be starting to lose steam. Mixed price movement remained in play as a few scattered points saw flat quotes or modest declines.

U.S. natural gas production decreased a modest 0.2% sequentially in the first quarter from the final three months of 2006, suggesting that gas supplies are stabilizing, according to a survey by energy analysts. U.S.-based independents also appear to be are bulking up their capital budgets, with their eyes on more exploration and possible acquisitions.

U.S. natural gas production decreased a modest 0.2% sequentially in the first quarter from the final three months of 2006, suggesting that gas supplies are stabilizing, according to a survey by energy analysts with SunTrust Robinson Humphrey/the Gerdes Group.

Despite fresh forecasts suggesting this summer could be a hot one, the natural gas futures market turned lower Friday as traders took profits after failing to break above stubborn overhead resistance.