Table

With an opportunity to develop liquefied natural gas (LNG) export capacity on the table, Malaysia’s national oil company last week agreed to pay C$1.07 billion to acquire a stake in British Columbia’s Montney Shale.

EOG Resources Inc. has taken its Marcellus Shale leasehold off the market because it’s a “core holding” and big plans are on the table to develop it once natural gas prices recover, CEO Mark Papa said Tuesday.

North American liquefied natural gas (LNG) export plans are on the table from coast-to-coast-to-coast, offering a tantalizing option for buyers in Europe and the Asia Pacific region that want secure and reliable energy supplies, a Wood Mackenzie Ltd. energy analyst told NGI last week.

North American liquefied natural gas (LNG) export plans are on the table from coast-to-coast-to-coast, offering a tantalizing option for buyers in Europe and the Asia Pacific region that want secure and reliable energy supplies, a Wood Mackenzie Ltd. energy analyst told NGI this week.

A moratorium on Marcellus Shale permits could be back on the table in Maryland.

A moratorium on Marcellus Shale permits could be back on the table in Maryland.

Oil- and liquids-rich natural gas plays marched to the forefront of drilling activity in the past year with the Niobrara, Eagle Ford and Bakken leading a 38% increase in active rigs from 684 active rigs a year ago to 947 rigs as of Jan. 7, according to a shale basin rig count compiled by NGI’s Shale Daily.

There seemed to be some sameness in Tuesday’s and Wednesday’s market patterns, but it was sort of like looking at the price table in a mirror. The locations that had taken most of the falls Tuesday were in rally mode Wednesday, while the small increases that had dominated the rest of the market Tuesday fell by mostly greater amounts Wednesday.

A group of more than 40 environmental organizations, including the National Resources Defense Council, Delaware Riverkeeper Network and the Atlantic Chapter of the Sierra Club, is calling on the New York State Assembly to approve legislation that would place a moratorium on hydraulic fracturing (fracking) in the state’s Marcellus and Utica shales until May 15, which is when further environmental studies by the Environmental Protection Agency are expected to be completed.