Turning

Larry Nichols, who now chairs Devon Energy Corp., stood “on top of the Fort Worth Basin” last Tuesday and recalled the turning point for his company — and the global natural gas industry.

Larry Nichols, who now chairs Devon Energy Corp., stood “on top of the Fort Worth Basin” on Tuesday and recalled the turning point for his company — and the global natural gas industry.

Canadian drilling is reviving, but producers are switching targets by turning away from natural gas and concentrating on oil as their prices stay on diverging courses. The new focus for hydraulic fracturing techniques is “tight oil.”

Canadian drilling is reviving, but producers are switching targets by turning away from natural gas and concentrating on oil as their prices stay on diverging courses. The new focus for hydraulic fracturing techniques is “tight oil.”

Turning attention from the war in Afghanistan and health care reform, President Obama last Thursday highlighted the nation’s economy and employment situation through a jobs summit that was met with mostly positive reviews from the energy industry.

Turning attention from the war in Afghanistan and health care reform, President Obama on Thursday highlighted the nation’s economy and employment situation through a jobs summit that was met with mostly positive reviews from the energy industry.

Turning in a heck of a first day on the job, the July natural gas futures contract — in its first regular session as the front month contract — jumped 31.9 cents on Thursday to close at $3.957 as the bulls took advantage of price-supportive storage news.

Before turning over the reins to the Obama administration, Interior Department’s Minerals Management Service (MMS) plans to issue a draft proposed five-year program for 2010-2015 leasing in the Outer Continental Shelf (OCS), final revenue-sharing regulations for Gulf of Mexico coastal states and a rule on alternative energy development in the OCS, said MMS Director Randall Luthi last Tuesday.

Before turning over the reins to the Obama administration, Interior Department’s Minerals Management Service (MMS) plans to issue a draft proposed five-year program for 2010-2015 leasing in the Outer Continental Shelf (OCS), final revenue-sharing regulations for Gulf of Mexico coastal states and a rule on alternative energy development in the OCS, said MMS Director Randall Luthi Tuesday.