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Revenues from natural gas liquids (NGL) — particularly those from liquids-rich shale plays — have been like a mega vitamin for anemic dry gas economics, but it’s not the fourth quarter of 2011 anymore, and currently depressed NGL prices are expected to stick around for a while.

The North Carolina Senate on Wednesday passed a bill to legalize hydraulic fracturing (fracking) and begin the process of creating a regulatory framework for the practice.

Methane emissions from natural gas wells, particularly those from unconventional wells using hydraulic fracturing (fracking), are 50% lower than the Environmental Protection Agency’s (EPA) estimate in 2010, according to a joint report released by two industry groups last week.

Methane emissions from natural gas wells, particularly those from unconventional wells using hydraulic fracturing (fracking), are 50% lower than what the Environmental Protection Agency (EPA) estimated in 2010, according to a joint report released by two industry groups Monday.

With the aim of reducing truck travel and pollution, while increasing efficiency for Marcellus and Utica shale oil and natural gas producers, Eureka Resources LLC said Thursday it plans to construct a centralized wastewater treatment facility in Standing Stone Township in Bradford County, PA, the epicenter of Marcellus development.

Banking on the possibility that New York will lift its moratorium on high-volume hydraulic fracturing (fracking) in the near future, Norse Energy Corp. ASA on Thursday completed a $37 million sale of operated production and other assets in the Empire State to EmKey Resources LLC (see Shale Daily, March 19), giving it cash to focus on core properties in the Marcellus and Utica shales in central New York.

With net production up more than 83% from the prior-year quarter, Antero Resources said Monday that it plans to expand its operations in the Marcellus Shale but will hold the line in the Piceance Basin and the Woodford and Fayetteville shales.

New taxes on companies drilling for natural gas and oil in Ohio have the support of a majority of the state’s voters — especially if the resulting revenue would be spent to cut income taxes for residents — according to the results of a recent Quinnipiac University poll.

The Eagle Ford Shale will drive a 15% increase in onshore gas production from the Texas Gulf Coast by November, offsetting declines elsewhere in Texas, according to Bentek Energy LLC. The firm said it expects Texas to be “increasingly long gas in the near term as Eagle Ford production growth continues to outpace demand,” putting downward pressure on regional prices. According to Bentek’s Texas Observer, the state’s supply is up by 1 Bcf/d, or 5%, from a year ago, with the increase driven by growth in onshore production. Demand is up only 0.6 Bcf/d over the same period, according to Bentek. “Due to the combination of Marcellus [Shale] pushback and milder winter weather, net Texas outflows have declined nearly 0.4 Bcf/d since this time last year. As a result, Texas is currently 0.8 Bcf/d longer supply than year-to-date 2011,” Bentek said.