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Sideways Trading Pattern In Play, Yet January Drops

January futures moved lower Friday on very light volume, but traders saw the market entering what could be a prolonged period of sideways price movement that could eventually lead to an advance. At the close January had fallen 5.5 cents to $3.114 and February had retreated 5.9 cents to $3.147. February crude oil rose 15 cents to $99.68/bbl.

December 27, 2011

Eagle Ford Producers in Infrastructure ‘Bind’

Producers in the Eagle Ford Shale of South Texas are having to take the bad with the good. The good: abundant oil and liquids-rich gas production in an era of very low dry gas prices. The bad: a dearth of infrastructure to handle the play’s robust output.

December 5, 2011

Eagle Ford Producers in Infrastructure ‘Bind’

Producers in the Eagle Ford Shale of South Texas are having to take the bad with the good. The good: abundant oil and liquids-rich gas production in an era of very low dry gas prices. The bad: a dearth of infrastructure to handle the play’s robust output.

December 1, 2011

Shell Encouraged by Interest in Ho-Ho Crude Pipe Reversal

Shell Pipeline Co. LP received a “very encouraging response” in a nonbinding open season for capacity on its proposed Houma, LA, to Houston (Ho-Ho) oil pipeline system reversal, which would take advantage of growing oil shale production, the company said Thursday.

November 16, 2011

Raymond James: ‘Can’t Fight Fate’ on Growth in U.S. Gas Output

For nearly two straight years U.S. natural gas output has climbed almost continuously — and 2012 could see even stronger growth, according to the energy team at Raymond James & Associates Inc.

November 15, 2011

Playing by the Rules No Longer Enough, Says Range Exec

Exploration and production companies have heeded the call to improve transparency and institute better practices, but there’s more to do to address the concerns of stakeholders in the shale plays, a Range Resources Corp. executive said last week.

October 4, 2011

Pennsylvania Township Wants Ballot Question Removed

A Pennsylvania township has filed lawsuit against its county board of elections, arguing that a referendum put forth by an environmental group that would ban hydraulic fracturing (fracking) in the township violates several state laws and could expose the municipality to legal action by the industry and others.

September 15, 2011

Hess, CONSOL to Partner in Utica Shale

On the heels of a mega Marcellus Shale partnership agreement in August, CONSOL Energy Inc. on Wednesday announced that Hess Corp. would become its partner on half of its nearly 200,000 acres in the prospective Utica Shale in eastern Ohio.

September 8, 2011

Paradox Basin’s Gothic Shale Called ‘High-Potential Play’

Because of new drilling techniques that allow operators to do more with less, federal officials in Colorado have more than doubled their initial estimate on the number of natural gas wells that could be drilled in the Gothic Shale in the Paradox Basin of southwestern Colorado.

August 26, 2011

U.S. Gas Supply ‘Steady as She Grows,’ Says Energy Analyst

A “consensus playbook” is calling for the U.S. natural gas supply curve to flatten over the coming months, but improved drilling and completion technology and a backlog of wells waiting for pipeline connections in the onshore shale plays indicate that growth won’t stall anytime soon, analysts with Raymond James & Associates Inc. said Monday.

August 25, 2011