A group of industrial energy consumers have urged Interior Secretary Ken Salazar not to impose “duplicative” regulations on hydraulic fracturing (fracking) of oil and natural gas wells on public lands.
Technical
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Shell Secures First-Ever PSC for China’s Shale Gas
A unit of Royal Dutch Shell plc has inked a milestone agreement with Chinese officials to use its technical know-how to develop shale gas in a first-ever production sharing contract (PSC).
White House Asked to Coordinate Federal Review of Fracking
A major producer group has called on the White House to take the lead in coordinating federal reviews of hydraulic fracturing (fracking) with the goal of avoiding redundancy and streamlining work.
North American Energy Opportunities Tops, Says Survey
North America offers the “greatest opportunities” for the natural gas and oil industry this year, according to new survey of executives.
Ohio State Research Center to Focus on Shale
In response to technical advances that have expanded Ohio’s hydrocarbon resource potential, The Ohio State University (OSU) has created the Subsurface Energy Resource Center (SERC) with a goal to conduct and facilitate relevant shale research.
Report: Utica Development Could Create 200K Ohio Jobs by 2015
An economic impact study released Tuesday by the Ohio Oil & Gas Energy Education Program (OOGEEP) found that more than 200,000 oil and natural gas jobs, generating $12 billion in wages and income, could be created in the Buckeye State’s portion of the Utica Shale by 2015.
Futures Bounce Off Technical Support
October natural gas futures jumped Tuesday on largely technical factors as traders hinted that any confirmation of a market bottom would require weathering the vagaries of Thursday’s inventory report. October rose 7.9 cents to $3.909 and November added 6.9 cents to $4.024. October crude oil added $1.63 to $88.90/bbl.
University to Study Water Wells Contaminated by Methane
Temple University announced Wednesday that three faculty members will investigate the source of methane gas that has contaminated water wells near Marcellus Shale drilling sites in Susquehanna County, PA, and will also study how the debate over hydraulic fracturing (fracking) is affecting public policy.
Producers Clamoring for Hydrofrack Services, Says Halliburton CEO
Demand for oilfield services in North America’s onshore — especially hydraulic fracturing (hydrofracking) — is growing faster than companies can add equipment, Halliburton CEO Dave Lesar said Monday.
Technical Buying Lifts July to Double-Digit Gain
July natural gas futures rose sharply on a combination of technical buying ahead of the long weekend and algorithmic traders utilizing buy stop orders to limit losses. At the close July had advanced 15.8 cents to $4.518 and August had risen 15.2 cents to $4.557.