If U.S. shale plays were students in a classroom, the one blowing the curve on the oil production test would be named Bakken.
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Broad Double-Digit Cash Jump Follows Advancing Futures
Cash market quotes bounded higher Tuesday even though traders saw little in the way of increased loads or fundamental changes in the market. Average gains at all points were more than 16 cents and Northeast points were the softest but they advanced over a dime.
Poll: Fracking’s Faithful Are Unwavering
Over the last year or so hydraulic fracturing (fracking) has become a headline issue, and how one feels about it depends to a good degree on who one is. Generally though, as fracking garners more scrutiny the belief that it is worth doing hasn’t wavered much, a recent poll found.
Volumes Key to LNG Export Impact, Researcher Says
Even though he has suggested that a large amount of U.S. liquefied natural gas (LNG) exports could eventually jack up Henry Hub prices by as much as $1.40/Mcf by 2018, Robert Brooks, a founder of RBAC consultants in Los Angeles, told NGI Thursday there is great uncertainty surrounding any such predictions.
Permit, Leasing Activity Increasing in Ohio’s Utica Shale
The number of permits for horizontal natural gas wells in Ohio’s portion of the Utica and Point Pleasant was on the rise in the closing months of 2011, according to the state’s Department of Natural Resources (DNR).
Chesapeake Says Low Gas Prices May Alter 2012 Output
Two transactions completed late in 2011 have helped Chesapeake Energy Corp. achieve “substantial progress” toward a goal of reducing debt by 25% by the end of this year, the company said Tuesday.
North Dakota Exploration Continues at Record Pace
North Dakota continues to set all-time records for oil and gas production based on the most recent statistics available as of the end of October, according to Lynn Helms, director of the state Industrial Commission’s Department of Mineral Resources (DMR). He noted that the oil and gas industry still plans to invest more than $3 billion in the state through 2013.
Deutsche Cuts U.S. Gas Price Outlook for 2012
Though optimistic about prospects for stronger long-term natural gas prices, Deutsche Bank on Friday reduced its outlook for 2012 U.S. prices because the domestic market is “still very loose” and industrial demand hasn’t taken up the slack.
Deutsche Cuts 2012 U.S. Gas Price Outlook
Though optimistic about prospects for stronger long-term natural gas prices, Deutsche Bank on Friday reduced its outlook for 2012 U.S. prices because the domestic market is “still very loose” and industrial demand hasn’t taken up the slack.
Chevron Exec: Industry Must Meet ‘Higher Standard’
The natural gas industry will miss out on the prize of shale if it can’t convince the public that development is safe, a Chevron Corp. executive told a Pittsburgh audience Thursday.