Cash market prices overall fell an average of 28 cents Thursday, but much of the decline resulted from short-term weather-driven changes affecting Northeast markets. Declines averaged closer to 14 cents if the multi-dollar free-fall experienced by Northeast markets is not considered, but losses were widespread nonetheless.
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Swift Announces Midstream Agreement, Austin Chalk Activity
Swift Energy Co. has entered into a long-term agreement for natural gas gathering and processing services in the Eagle Ford Shale with Eagle Ford Gathering LLC, a 50-50 joint venture of Kinder Morgan Energy Partners LP and Copano Energy LLC.
June 22, 2012
CFTC Seeks Better Grasp of Elusive High-Frequency Traders
The Commodity Futures Trading Commission (CFTC) took a major step forward Wednesday in the regulation of high-frequency trading (HFT) by proposing a definition for the term that has proved to be elusive.
June 21, 2012
Bakken Shale Did Heavy Lifting Last Year
If U.S. shale plays were students in a classroom, the one blowing the curve on the oil production test would be named Bakken.
June 20, 2012
Eastern, Midwest Points Steady To Lower; Futures Slip
The cash market on average was unchanged Wednesday as weather forecasts for major metropolitan areas showed little in the way of near-term heat, although warmth was forecast for the Midwest and Ohio Valley into the Father’s Day weekend. Physical prices were within a few pennies of unchanged at most points and at the close of futures trading July had eased 4.7 cents to $2.185 and August had slipped 5.1 cents to $2.236. July crude oil shed 70 cents to $82.62/bbl.
June 14, 2012
Western Governors Group Picks New Leadership
An overarching focus for the West should be “responsible energy development” that sets goals for providing reliable, affordable and cleaner energy longer term, Utah Gov. Gary Herbert said Tuesday after being elected to the chairmanship of the Western Governors’ Association (WGA) at its annual meeting in Cle Elum, WA. Colorado Gov. John Hickenlooper was elected WGA vice president.
June 14, 2012
Two Board Members Ousted from Chesapeake
Chesapeake Energy Corp. shareholders jettisoned two board members up for reelection and approved three shareholder-initiated resolutions at the company’s annual meeting in Oklahoma City, signaling a turning point for the operator’s corporate governance and likely for the future of CEO Aubrey McClendon.
June 11, 2012
Industry Accuses Obama EPA of Bias Against Oil, Gas
Citing the the recent disclosure of a “crucify them” enforcement mentality of a former Environmental Protection Agency (EPA) official and several agency missteps involving the use of hydraulic fracturing to develop unconventional gas, Congress Wednesday was called upon to exercise greater oversight over EPA’s regional officials and their activities.
June 7, 2012
Pennsylvania Lawmakers Consider Marcellus Job Creation Tax Credit
Members of the Pennsylvania General Assembly have begun considering House Bill 2399, which among other things would provide a tax credit to companies that create new jobs related to the Marcellus Shale.
May 24, 2012
Eagle Ford Shale Adds $25 Billion to South Texas Economy
Development of oil and natural gas in the Eagle Ford Shale contributed $25 billion in total economic output to the South Texas region last year, according to a study released Wednesday by the Center for Community and Business Research at The University of Texas at San Antonio Institute for Economic Development.
May 10, 2012
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