Surfaced

The physical market was mostly flat Monday as some higher quotes surfaced in the constricted Northeast and also California and the Rockies, but eastern and Midwest points were steady to slightly lower. At the close of futures trading September had added 3.1 cents to $2.908 and October had gained 3.5 cents to $2.918. September crude oil rose 80 cents to $92.20/bbl.

Trends that surfaced last year indicate “a continued preference for crude oil and liquids-rich gas development over dry gas options,” and are likely to reduce — and possibly reverse — recent domestic dry gas production growth rates, according to a new report from Pace Global.

Trends that surfaced last year indicate “a continued preference for crude oil and liquids-rich gas development over dry gas options,” and are likely to reduce — and possibly reverse — recent domestic dry gas production growth rates, according to a new report from Pace Global.

Ohio Gov. John Kasich will reportedly unveil a proposal next week to restructure state taxes on oil and gas drilling — including implementing new taxes on hydraulic fracturing (fracking) and natural gas liquids (NGLs) — then pass the savings along to Ohioans in the form of a personal income tax cut.

Range Resources Corp.’s stock price on Wednesday jumped almost 20% in early trading after reports surfaced that Royal Dutch Shell plc or another major oil company might make a bid for the company.

In an updated version of a project that first surfaced three years ago, three major producers in Wyoming are planning to file with the federal Bureau of Land Management (BLM) plans to drill up to 4,200 natural gas wells over 265,000 acres in the state.

Signs of economic stability surfaced at the end of March, but the Gulf of Mexico oil spill followed less than a month later followed by “less than positive” consumer and business confidence reports, which created “considerable uncertainty for the oil and gas industry,” according to a new report by Ernst & Young LLP.

Signs of economic stability surfaced at the end of March, but the Gulf of Mexico oil spill followed less than a month later followed by “less than positive” consumer and business confidence reports, which created “considerable uncertainty for the oil and gas industry,” according to a new report by Ernst & Young LLP.

In a reprise of legislation that died in committee last year, a proposal surfaced at the opening of the Oregon Legislature’s new session that would require a needs assessment for any liquefied natural gas (LNG) terminal or connecting pipeline tied to imports of new natural gas supplies into the state.