Ways

Learning how to tap successfully into the Marcellus Shale has come at a big cost and a lot of work, and the producer continues to find ways to become more cost efficient, Range Resources Corp. COO Jeff Ventura said Tuesday.

Learning how to tap successfully into the Marcellus Shale has come at a big cost and a lot of work, and the producer continues to find ways to become more cost efficient, Range Resources Corp. COO Jeff Ventura said Tuesday.

Ten projects focused on ways to increase U.S. supplies of unconventional natural gas and oil have been selected for partial federal funding, the U.S. Department of Energy (DOE) said Monday.

Independent oil billionaire T. Boone Pickens continued to voice his support for gas-friendly legislation Wednesday, telling members of the House Committee on Ways and Means that the NAT GAS Act (HR 1835), which seeks to establish a sustained market for natural gas vehicles (NGV) and rein in gas market volatility, would create 600,000 jobs and help wean the country off imported oil.

Independent oil billionaire T. Boone Pickens continued to voice his support for gas-friendly legislation Wednesday, telling members of the House Committee on Ways and Means that the NAT GAS Act (HR 1835), which seeks to establish a sustained market for natural gas vehicles (NGV) and rein in gas market volatility, would create 600,000 jobs and help wean the country off imported oil.

September natural gas futures parted ways with a strong crude oil market and settled lower Tuesday as traders cited the inevitability of a $2 handle and economic and weather reports were unsupportive. September futures dropped 6.7 cents to $3.096 and October fell 9.1 cents to $3.464. September crude oil jumped $2.44 to $69.19/bbl.

Long-term growth in energy demand cannot be reversed, but volatility in oil and gas prices could dampen future supplies and presents one of the “main challenges” facing the energy industry, BP plc CEO Tony Hayward said last week.

Long-term growth in energy demand cannot be reversed, but volatility in oil and gas prices could dampen future supplies and presents one of the “main challenges” facing the energy industry, BP plc CEO Tony Hayward told a California audience on Wednesday.

Energy professionals may be holding on to the more traditional ways of collaborating with employees through face-to-face meetings, e-mail and conference calls, but a growing number think that some of the Internet’s social media and networking sites could improve the workplace, a survey has found.