Surveys

Calgary independent Paramount Resources Ltd., better known for its natural gas exploration, saw its stock price jump by nearly 5% in midday trading Monday after the company said it was creating a subsidiary to house its growing oilsands and bitumen businesses.

Despite the opposition of Gov. Tom Corbett, Pennsylvania lawmakers from both sides of the aisle continue to look for ways to generate revenue from the Marcellus Shale.

With the first meeting of his recently formed Marcellus Shale Advisory Commission set for Friday, Pennsylvania Gov. Tom Corbett remains firmly opposed to a state-imposed severance tax on the natural gas industry, but is open to the idea of local impact fees. And those fees can’t be considered until the local impact of drilling is quantified, a Corbett spokesman told NGI’s Shale Daily Thursday.

Coming in some 15 Bcf below a number of industry surveys, Thursday’s news that only 116 Bcf was removed from the nation’s natural gas storage caverns for the week ending Feb. 26 had futures prices retreating to a three-month low. April natural gas dropped 18.2 cents from Wednesday’s close to finish Thursday’s regular session at $4.575.

Coming in some 15 Bcf below a number of industry surveys, Thursday’s news that only 116 Bcf was removed from the nation’s natural gas storage caverns for the week ending Feb. 26 had futures prices retreating to a three-month low. April natural gas dropped 18.2 cents from Wednesday’s close to finish Thursday’s regular session at $4.575.

The North American natural gas marketers that consistently have led NGI’s quarterly sales surveys appear to have one belief in common: be reliable.

The North American natural gas marketers that consistently have led NGI’s quarterly sales surveys appear to have one belief in common: be reliable.

Implementing a safe harbor provision assuring that those who report prices to published price surveys will not be prosecuted for inadvertent mistakes would be best achieved through a policy statement, industry representatives told the Federal Energy Regulatory Commission Wednesday at a technical conference.

A Houston-based consulting company, International Gas Consulting (IGC), has proposed a way for government and the market to monitor price surveys by publications without interrupting the current process or disrupting the market.