Surrounding

The sideways chop surrounding the $4 price level in natural gas futures trading prevailed on Wednesday as the May contract ping-ponged between $3.933 and $4.044 before closing out the day’s regular session at $3.955, down two pennies from Tuesday’s finish.

The sideways chop surrounding the $4 price level in natural gas futures trading prevailed on Wednesday as the May contract ping-ponged between $3.933 and $4.044 before closing out the day’s regular session at $3.955, down two pennies from Tuesday’s finish.

Speculation surrounding the United States Natural Gas Fund’s (UNG) impact on the natural gas futures market has reached a fever pitch, and now some analysts are advising investors that the commodity exchange-traded fund (ETF) is not even a good investment. According to a new Raymond James & Associates report, investors are “better off” investing in gas-weighted exploration and production (E&P) companies than in UNG.

Speculation surrounding the United States Natural Gas Fund’s (UNG) impact on the natural gas futures market has reached a fever pitch, and now some analysts are advising investors that the commodity exchange-traded fund (ETF) is not even a good investment. According to a new Raymond James & Associates report, investors are “better off” investing in gas-weighted exploration and production (E&P) companies than in UNG.

California Gov. Arnold Schwarzenegger tried to beat back criticism early in June surrounding his proposal in last month’s fiscal revisions aimed at reversing the state’s worsening budget crisis by securing an additional $100 million of annual revenues for the state from the limited opening of drilling offshore Santa Barbara. Schwarzenegger’s proposal was tied to the dismantling of four existing offshore platforms in the area.

FERC Chairman Jon Wellinghoff attempted to smooth the waters surrounding his recent prediction of an upgraded electric grid, bolstered by fully integrated renewables but with few, if any, new coal or nuclear generators, in Washington, DC, last week.

As natural gas production in the Lower 48 from developing shale plays continues to grow, so too do questions surrounding the environmental impacts and current regulatory structure of the development process, according to a report released last week by the U.S. Department of Energy (DOE). In order to increase shale production, the government agency said protecting groundwater supplies is essential.

As natural gas production in the Lower 48 from developing shale plays continues to grow rapidly, so too do questions surrounding the environmental impacts and current regulatory structure of the development process, according to a report released Tuesday by the U.S. Department of Energy (DOE). In order to increase shale production, the government agency said protecting groundwater supplies is essential.

Going against conventional belief surrounding multizone completion success in coalbed methane wells, more natural gas and less water was found in the shallower coals of the wells tested, according to a study just completed by GST WellDog, a privately held natural gas development research and analysis firm that was tasked with developing coalbed methane development best practices.