Domestic oil production may be showing signs of slowing down, but analysts with Raymond James & Associates Inc. don’t think it’s a trend.
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Fracking Bills Get Cold Shoulder in California
All but one of the proposals to address hydraulic fracturing (fracking), including all of those seeking moratoriums on the well stimulation practice, have bitten the dust in the California legislature. The lone bill standing (SB 4) is still awaiting committee referral in the lower house Assembly (see Shale Daily, June 3).
2013 Natural Gas Prices May Hinge on Coal Switching
Gas-to-coal switching, which has drained some of the excess domestic gas stores, will tell the tale about 2013 natural gas prices, with gas expected to continue to gain in the first six months, while coal regains some of its losses in the second half of the year, according to Raymond James & Associates Inc.
Raymond James: 2013 Natural Gas Prices Hinge on Coal Switching
Gas-to-coal switching, which has drained some of the excess domestic gas stores, will tell the tale about 2013 natural gas prices, with gas expected to continue to gain in the first six months, while coal regains some of its losses in the second half of the year, according to Raymond James & Associates Inc.
API: USGS Results in Pavillion Cast Doubt on EPA Water Tests
Results from recent U.S. Geologic Survey (USGS) water quality testing in U.S. Environmental Protection Agency (EPA) monitoring wells in Pavillion, WY, “raise serious questions about the adequacy of EPA practices in drilling monitoring wells and testing water samples,” said Erik Milito, American Petroleum Institute (API) upstream director.
Wyoming Well Testing Still Problematic, Governor Says
Even with more cooperation between state and federal officials in the testing of ground water in Pavillion, Wyoming Gov. Matt Mead said Tuesday that unilateral actions by the U.S. Environmental Protection Agency (EPA) are raising concerns.
USGS: Industry Data Helping with Bakken/Three Forks Study
In about 18 months the U.S. Geological Survey (USGS) should be able to tell the energy industry, and everyone else, just how productive the Three Forks formation, which lies below the Bakken Shale, might be.
Documentary Film In the Works to Rebuke Gasland
Irish ex patriot journalist/filmmakers Ann McElhinney and Phelim McAleer call their project “the film that will tell the truth about fracking,” on their website, which includes the slogan, “There are two sides to every story, and then there is the truth.”
Keystone XL Opponents Blast Nebraska Governor
A TransCanada Corp. official said this week that despite opposition to the Keystone XL oil pipeline, the company is moving forward with plans to refile its application to carry supplies from Canada to the Gulf Coast.
Gas Flaring Increases as Oil Targeted
Statistics compiled by the Railroad Commission of Texas (RRC) tell a tale of booming production in the liquids-rich Eagle Ford Shale, with an increased emphasis on oil and condensate in the play and significantly more flaring of gas statewide. In North Dakota, where the Bakken Shale is booming, so is flaring, but that’s expected to change as new infrastructure comes online.