The Pennsylvania Supreme Court agreed Tuesday to hear an appeal of a property rights case and rule on whether the owner of the property in the Marcellus Shale also owns the shale gas it contains.
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Seneca Curtails Marcellus Output, Delays Well Completions
Seneca Resources Corp., the exploration and production (E&P) arm of National Fuel Gas Co., has curtailed some Marcellus Shale production, is delaying some well completion activities there and possibly may not participate in some joint venture wells with partner EOG Resources Inc. because of low natural gas prices, the company said Monday.
North Dakota Oil Production Surpasses California’s
Preliminary data released indicates that North Dakota oil and gas production continued to soar in January and the state now ranks third nationally in average daily oil production, surpassing California and following only Texas and Alaska. With the Bakken formation, North Dakota continues to ride the shale boom.
CFTC Inspector Drops Position Limits Misconduct Probe
There is no evidence that the Commodity Futures Trading Commission (CFTC) acted in a potentially criminal manner when establishing its position limits rule to curb speculation in energy markets, according to a report of a preliminary investigation conducted by the agency’s Office of Inspector General (OIG).
Ohio Says Injection Well May Have Caused Quakes, Unveils New Rules
The Ohio Department of Natural Resources (ODNR) said Friday a dozen small earthquakes in northeastern Ohio over the last year may have been triggered by a wastewater disposal well in Youngstown, and it unveiled a series of tough new regulations for injection wells.
CFTC OIG Drops Probe of Alleged Position Limits Rule Misconduct
There is no evidence that the Commodity Futures Trading Commission (CFTC) acted in a potentially criminal manner when establishing its position limits rule to curb speculation in energy markets, according to a report of a preliminary investigation conducted by the agency’s Office of Inspector General (OIG).
Apache Expands Drilling Plans in Permian, Anadarko Basins
Apache Corp.’s decision to pivot from North American natural gas basins to liquids targets paid off handsomely in 2011, and there are no plans to turn back, CEO G. Steven Farris told financial analysts on Thursday.
California Regulators Investigating PG&E Pipe Allegations
California regulators are investigating allegations by union members that there are flaws in the welds and corrosion repairs that Pacific Gas and Electric Co. (PG&E) completed last year as part of its testing, repair and replacement of more than 160 miles of natural gas transmission and distribution pipeline running through high consequence areas (HCA).
U.S. Crude Output Predicted to Jump 20% by Year’s End
Full-year U.S. crude production, excluding natural gas liquids (NGL), will jump by 20% by the end of this year, a full seven years ahead of Energy Information Administration (EIA) projections, Raymond James & Associates Inc. said Monday.
BP Discloses Bigger Eagle Ford Position
BP plc has accumulated close to 450,000 net acres in the the Eagle Ford Shale in South Texas, executives said Tuesday.