Sustainability

Federal officials have won permission from a district judge to intervene in a New York lawsuit that would compel a full environmental review of the impact of natural gas drilling in the Delaware River Basin before proposed regulations for Marcellus Shale development are completed.

The Pennsylvania Game Commission (PGC) approved four deals with Marcellus Shale operators at its April meeting, including one that could lead to drilling on state lands.

The U.S. oilfield services sector may be moving toward a positive environment, but the sustainability of exploration and production (E&P) spending “remains uncertain” because of weak natural gas prices and a continued oversupply, Moody’s Investors Service said Thursday.

The U.S. oilfield services sector may be moving toward a positive environment, but the sustainability of exploration and production (E&P) spending “remains uncertain” because of weak natural gas prices and a continued oversupply, Moody’s Investors Service said Thursday.

Investors’ recognition of natural gas and oil price sustainability and resulting oilfield activity levels will lead to another banner year for energy investors, with gas prices expected to average $7.25/Mcf, said Raymond James analysts Monday.

With questions continuing to swirl around the sustainability of domestic natural gas production, the list of solutions for appeasing the U.S.’s growing gas appetite can be narrowed to either increasing liquefied natural gas (LNG) imports or opening up drilling on gas-rich federally restricted lands.