Welcomed

A congressional push to increase regulations on hydraulic fracturing (hydrofracking) would have little impact on Pennsylvania, according to a regional director of the state Department of Environmental Protection (DEP).

Former Quebec Premier Lucien Bouchard, who now serves as president of the Quebec Oil and Gas Association (QOGA), said the organization welcomed the provincial government’s response to a report on hydraulic fracturing (hydrofracking) in the Utica Shale play.

The oil and natural gas industry Wednesday generally welcomed the Obama administration’s proposed plan to open up the South Atlantic and Mid-Atlantic coasts and parts of the eastern Gulf of Mexico (GOM) to expanded exploratory and development activities, saying it was a good start. But others, such as the U.S. Chamber of Commerce and American Solutions, noted the the proposed plan was far from a sure thing, with President Obama stressing that the offshore areas “will be considered potential areas for development.”

The oil and natural gas industry Wednesday generally welcomed the Obama administration’s proposed plan to open up the South Atlantic and Mid-Atlantic coasts and parts of the eastern Gulf of Mexico (GOM) to expanded exploratory and development activities, saying it was a good start. But others, such as the U.S. Chamber of Commerce and American Solutions, noted the the proposed plan was far from a sure thing, with President Obama stressing that the offshore areas “will be considered potential areas for development.”

IntercontinentalExchange (ICE), a major energy trading platform, Thursday said it welcomed the opportunity to participate in the Commodity Futures Trading Commission’s (CFTC) upcoming hearings on position limits in energy trading markets, noting it has been an area of concern for some time. Independent oil and natural gas producers, however, were less receptive, warning that dramatic changes by the CFTC affecting their hedging activities could cripple development.

The American Petroleum Institute (API) said last Tuesday that it welcomed the House Democratic leadership’s assurances that it would not reinstate the moratorium on oil and natural gas drilling in the federal Outer Continental Shelf (OCS).

The American Petroleum Institute (API) said Tuesday that it welcomed the House Democratic leadership’s assurances that it would not reinstate the moratorium on oil and natural gas drilling in the federal Outer Continental Shelf (OCS).

Twenty years ago, when the Colorado Oil & Gas Association (COGA) welcomed the energy industry to its first trade show in Denver, projected recoverable natural gas resources in the Rocky Mountains were estimated at around 100 Tcf. Today the Rockies hold estimated proved reserves of around 87 Tcf and a remaining recoverable potential of 228 Tcf, but as industry veterans noted Thursday, nobody yet knows the true size and nature of the gas potential.

Twenty years ago, when the Colorado Oil & Gas Association (COGA) welcomed the energy industry to its first trade show in Denver, projected recoverable natural gas resources in the Rocky Mountains were estimated at around 100 Tcf. Today the Rockies hold estimated proved reserves of around 87 Tcf and a remaining recoverable potential of 228 Tcf, but as industry veterans noted Thursday, nobody yet knows the true size and nature of the gas potential.