The Marcellus Shale is still powering natural gas production increases, as reported by the Energy Information Administration (EIA), even though the agency continues to lump main Marcellus state Pennsylvania into the “other” category in its monthly production report.
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WSI Expects Warmer-Than-Normal Summer Across United States
Temperatures across almost all of the United States will average warmer than normal over the next three months, though the Southeast and Ohio Valley may get some cooler breaks, according to a seasonal forecast released Tuesday by Weather Services International (WSI).
Rex Energy ‘Pleased’ With Results So Far in Utica Shale
Rex Energy Corp. said it is “pleased” with the results so far from a well targeting Ohio’s Utica Shale, but it is disappointed with a third-party well completion technique at a second well and blamed bad weather for delays in putting other wells into sales.
BP May Bid in Central GOM Lease Sale
Even though it was suspended from obtaining new federal contracts, BP plc will be allowed to bid in the Gulf of Mexico (GOM) Central Lease Sale 227 on Wednesday (March 20), the Department of Interior said.
BNSF Sees More Crude Traffic, Readies Test of NatGas Locomotives
Crude oil shipments on all U.S. railroads could hit 700,000 b/d by the end of this year, up 40% from current levels, and top 1 million b/d in 18 months, said BNSF Railway Co. CEO Matthew Rose.
Report Confirms: NGV Trucks, Buses on the Move Worldwide
In the worldwide push for more use of natural gas for trucks and buses, liquefied natural gas (LNG) is the fastest growing segment, even though compressed natural gas (CNG) has thousands more fueling stations, according to a new Navigant Consulting energy marketing report..
Ultra Sells Wyoming Liquids Pipe, Gathering Assets for $225M
Ultra Petroleum Inc.’s Wyoming unit on Friday agreed to sell a liquids pipeline system and gathering facilities and certain associated real property rights in the Pinedale Anticline in Wyoming for $225 million. The buyer is Pinedale Corridor LP, a newly created unit of CorEnergy Infrastructure Trust, and the deal is expected to close later this month.
Cash Barely Budges, But Futures Romp Higher
The cash market overall averaged unchanged Monday though Northeast points surged, the Mid-Atlantc was flat to mixed, and Gulf points eased lower as mild weather was forecast to grasp the Great Lakes, Ohio Valley and points east. October futures staged a last minute rally and tacked on 13.0 cents to $2.812 and November was higher by 10.8 cents to $2941. October crude oil added 12 cents to $96.54/bbl.
Gas Wells Stay Shut in the Midst of Colorado Fire
Even though the Pine Ridge fire in western Colorado near the Piceance Basin was deemed less aggressive and more than 25% contained over the weekend, natural gas operators indicated that they will keep their well operations shut for the foreseeable future and are working closely with local authorities and the federal Bureau of Land Management (BLM), which are overseeing the fire-fighting efforts.
Pine Ridge Colorado Fire Keeps Gas Wells Shut In
Even though the Pine Ridge fire in western Colorado near the Piceance Basin was deemed less aggressive and more than 25% contained over the weekend, natural gas operators indicated that they will keep their well operations shut for the foreseeable future and are working closely with local authorities and the federal Bureau of Land Management (BLM), which are overseeing the fire-fighting efforts.