Tremendous

Niobrara Gas Gusher Found in Colorado, WPX Says

Niobrara Gas Gusher Found in Colorado, WPX Says

One of the 10 largest U.S. natural gas producers, Tulsa, OK-based WPX Energy Inc., said Monday that its Niobrara formation discovery well in the Piceance Basin of western Colorado has exceeded 1 Bcf of production in a little more than 100 days of operation.

April 9, 2013

Enbridge: Bakken Trains Having Their Day, For Now

The proliferation of rail-based crude oil transport in the Bakken Shale and elsewhere has not gone unnoticed by pipeliner Enbridge Inc. “It’s an agile…way of getting to market,” Enbridge’s Stephen John Wuori, president of the liquids pipeline business, said. However, “…rail movements can and will get turned off in a day if differentials collapse.”

October 5, 2012

Texas Town’s Drilling Supporters Fall Short of Petition Goal

Citizens for Property Rights (CPR), a five-member group that opposes what members believe are too-strict restrictions on gas drilling imposed by the city of Southlake, TX, failed to get enough signatures on a petition to relax some of the rules. However, CRP Chairman Stephen Oren said the group will try again.

May 31, 2012

Chevron, EQT Anchoring Texas Eastern Appalachia Expansion

Chevron U.S.A. Inc. and EQT Corp. marketing unit EQT Energy LLC have stepped up to be anchor shippers on Texas Eastern Transmission LP’s Texas Eastern Appalachia to Market (TEAM) 2014 expansion, Spectra Energy Corp.’s Texas Eastern said Thursday. The project is intended to deliver more Appalachian shale gas to markets in the Northeast, Midwest and southern United States.

April 13, 2012

Petrochem Industry Eyes Economic Growth from Shale Gas

The natural gas liquids (NGL) in shale gas offer the United States a “tremendous opportunity” to strengthen manufacturing, boost economic output and create jobs, according to a report by the American Chemistry Council (ACC).

June 13, 2011

Chesapeake Shares Fall After 1Q Results Released

Shale patch heavyweight Chesapeake Energy Corp. has reached its debt reduction goal, built an internal oilfield services unit to counter cost inflation and grew first quarter production 20% as it increasingly emphasized higher-value oil and natural gas liquids (NGL), CEO Aubrey McClendon enthused during an earnings conference call Tuesday. But Wall Street was not impressed.

May 4, 2011

Cabot, Pennsylvania Settle Gas Migration Lawsuit

Residents of Dimock Township in Susquehanna County, PA, whose drinking water supplies were contaminated by natural gas, are to receive a share of $4.1 million that Cabot Oil & Gas Corp. agreed to pay under a settlement negotiated with the state’s Department of Environmental Protection (DEP).

December 17, 2010

Ethane Offtake A Challenge for Marcellus Gas, Says Study

There is, it seems, a downside to the tremendous natural gas production results in the Marcellus Shale, according to energy consultant Bentek Energy LLC.

September 13, 2010

Ethane Offtake Challenges Marcellus Gas, Says Study

There is, it seems, a downside to the tremendous natural gas production results in the Marcellus Shale, according to energy consultant Bentek Energy LLC.

September 13, 2010

Prices Dive at All Points Amid Further Mild Temps

The tremendous fundamental weakness of cash prices manifested itself again Friday with large plunges across the board. The previous day’s minuscule rally of 3.6 cents by December futures had no impact whatsoever in averting big losses throughout the physical market as the continuing mildness of mid-November weather and the rapid recovery from this year’s only substantive tropical storm-related disruption of offshore production weighed on traders’ minds.

November 16, 2009
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