North American exploration and production (E&P) companies will begin to unveil their second quarter results over the coming weeks, and while there aren’t expected to be any big surprises, analysts are hoping for details on natural gas market fundamentals — particularly in the Marcellus Shale — along with insight into emerging plays and more information on ethane rejection in natural gas liquids (NGL) plays.
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Analysts Watch E&P 2Qs for Clues to Basin Potentials, Prices
North American exploration and production (E&P) companies will, over the next few weeks, unveil their earnings and operations results for the second quarter, but analysts aren’t expecting any big upside surprises. Instead, they hope for details on Marcellus Shale pricing, emerging sweet spots in the Utica Shale and details about wells in several big onshore basins.
Ohio’s Latest Utica Map Rolling Out in September
The Ohio Department of Natural Resources (ODNR) plans to unveil a map that outlines economically viable areas of the state’s portion of the Utica/Point Pleasant Shale by late September, which could provide oil and natural gas operators with a valuable tool to use for future exploration.
New York Governor Said to Still Back Some Fracking
New York Gov. Andrew Cuomo is reportedly close to making a public endorsement of high-volume hydraulic fracturing (HVHF) and will unveil a plan to allow the practice on a limited scale initially, but under strict regulation and only in localities that welcome it.
NY’s Cuomo Edging Toward Limited Shale Drilling
New York Gov. Andrew Cuomo is reportedly close to making a public endorsement of high-volume hydraulic fracturing (HVHF) and will unveil a plan to allow the practice on a limited scale initially, but under strict regulation and only in localities that welcome it.
Kasich Plan Spares Conventional Oil, Small Natural Gas Producers
Ohio Gov. John Kasich will reportedly unveil a proposal this week to restructure state taxes on oil and gas drilling and pass the savings along to Ohioans in the form of a personal income tax cut, but conventional oil drilling and small producers of natural gas would not be affected.
Kasich Plan Would Tax Unconventional Wells, NGLs
Ohio Gov. John Kasich will reportedly unveil a proposal next week to restructure state taxes on oil and gas drilling — including implementing new taxes on hydraulic fracturing (fracking) and natural gas liquids (NGLs) — then pass the savings along to Ohioans in the form of a personal income tax cut.
Kasich Plan Spares Conventional Oil, Small Natural Gas Producers
Ohio Gov. John Kasich will reportedly unveil a proposal next week to restructure state taxes on oil and gas drilling and pass the savings along to Ohioans in the form of a personal income tax cut, but conventional oil drilling and small producers of natural gas would not be affected.
Correction
The story “Devon May Unveil ‘New Play Types’ This Year” (see Daily GPI, April 14) should have said that Devon Energy Corp. acquired its Barnett Shale leasehold in 2001 for $3.1 billion. NGI regrets the error.
Senate Bill to Exempt Hedgers of ‘Legitimate Commercial Risk’
Senate Agriculture Committee Chair Blanche Lincoln (D-AR) may unveil as early as Thursday a bill that would give only bona fide hedgers of “legitimate commercial risk” a limited exemption from the proposed regulatory requirements of the nearly $500 trillion over-the-counter (OTC) derivatives market.