Unchanged

Operators of horizontal oil and natural gas wells in Ohio face a bevy of regulatory changes — including quarterly production reports, a $25,000 per well impact fee, and new testing and disposal requirements for drilling waste — under Gov. John Kasich’s biennial budget proposal.

The physical gas market overall on average Thursday was unchanged, but once the wide-swinging Northeast pipes that include Algonquin, Iroquois and portions of Tennessee are factored in, the picture changes to a loss of 21 cents. Most cash trades were completed before the 10:30 a.m EST release of storage data by the Energy Information Administration (EIA), but the 157 Bcf withdrawal was less than the market was expecting, and futures slumped. At the close March had dropped 14.3 cents to $3.163 and April was off 14.0 cents to $3.231. March crude oil fell 30 cents to $97.31/bbl.

The University of Texas at Austin (UT) has pulled a 2012 report that was supportive of hydraulic fracturing (fracking) and shale gas development following a review of the study by an independent panel that found researchers failed to disclose a conflict of interest.

The University of Texas at Austin has pulled a 2012 UT Energy Institute report that was supportive of hydraulic fracturing and shale gas development following a review of the study by an independent panel that found researchers failed to disclose a conflict of interest.

The election may have left the balance of power in Washington basically unchanged, but the lame duck Congress, which convened this week, may turn out to be not so lame, and the outlook for natural gas interests on Capitol Hill is good, according to Regina Hopper, CEO of America’s Natural Gas Alliance (ANGA).

The election may have left the balance of power in Washington basically unchanged, but the lame duck Congress, which convened this week, may turn out to be not so lame, and the outlook for natural gas interests on Capitol Hill is good, according to Regina Hopper, CEO of America’s Natural Gas Alliance (ANGA).

The election may have left the balance of power in Washington basically unchanged, but the lame duck Congress, which convened this week, may turn out to be not so lame, and the outlook for natural gas interests on Capitol Hill is good, according to Regina Hopper, CEO of America’s Natural Gas Alliance (ANGA).

Cash natural gas prices on average were unchanged Thursday with declines posted at Midwest points and gains at southern California and some eastern locations. The Energy Information Administration reported a build of 65 Bcf, somewhat less than what traders were expecting, but futures markets limped to an uninspired finish. At the close, December had gained 0.7 cent to $3.699 and January had shed 0.2 cent to $3.818. December crude oil gained 85 cents to $87.09/bbl.

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.