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Natural gas price bulls who were hanging their hats on winter cold to turn prices around might want to invest in a hat rack instead as MDA EarthSat Weather reported in a Nov. 1 update that much of the country will be warmer than first expected for the months of December through February. The outlook for March, however, did trend slightly cooler overall.

Natural gas price bulls who were hanging their hats on winter cold to turn prices around might want to invest in a hat rack instead as MDA EarthSat Weather reported in a Nov. 1 update that much of the country will be warmer than first expected for the months of December through February. The outlook for March, however, did trend slightly cooler overall.

Houston-based Cabot Oil & Gas Corp., whose onshore operations are focused on three shale plays — the Marcellus, Eagle Ford and Haynesville/Bossier — said Tuesday it smashed quarterly production records in 3Q2010, with output hitting 36 Bcfe, which was a 41% jump year/year. Sequential production also rose 18%, exceeding guidance targets.

Noting that while there are “important questions” about the environment, it has been reported that the Marcellus Shale could provide enough gas to meet U.S. demand for decades, while creating thousands of jobs, and most important can be developed responsibly, according to John Felmy, chief economist with the American Petroleum Institute (API).

Pennsylvania’s capital budget for fiscal year 2010-2011, which was approved Monday by the state’s House and last week by the state’s Senate, includes several Marcellus Shale-related infrastructure projects.

Louisiana parishes want a bigger share of the Haynesville Shale revenue pie, and they might get it if the state’s voters approve a measure on the statewide Nov. 2 ballot.

Louisiana parishes want a bigger share of the Haynesville Shale revenue pie, and they might get it if the state’s voters approve a measure on the statewide Nov. 2 ballot.

If independent retail gas marketers want a level state tax playing field with local distribution company (LDC) marketers in Ohio, they will have to pursue their case in state courts, the U.S. Supreme Court said in a decision issued June 1 [No. 09-223].

If independent retail gas marketers want a level state tax playing field with local distribution company (LDC) marketers in Ohio, they will have to pursue their case in state courts, the U.S. Supreme Court said in a decision issued June 1 [No. 09-223].