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Thousands of Marcellus Jobs Possible in New York, Pennsylvania

Calling development of the Marcellus Shale play “a great opportunity” for New York, the Public Policy Institute of New York State Inc. (PPI) said a scenario where 500 gas wells were drilled every year in the state would create 62,620 jobs, $2.7 billion in added value and $1 billion in local, state and federal tax revenue.

August 8, 2011

Report: U.S. Energy Security Risks Worsened in 2010

The energy security risks of the United States worsened significantly in 2010, but shale gas has the potential to improve the security of natural gas supplies and lower energy costs, according to the second edition of an annual report by the U.S. Chamber of Commerce’s Institute for 21st Century Energy.

August 5, 2011

Shale Gas to Spur a National Reordering of Pipe Systems

Continuing flat energy demand in a time of record hydroelectric supplies has natural gas stakeholders in the Pacific Northwest watching as the shale gas boom redefines energy delivery patterns and markets. As Ruby Pipeline on Thursday brought an added 1.5 Bcf/d of gas capacity into the West, these stakeholders told NGI’s Shale Daily that a national reordering of gas delivery systems needs to take place before gas’ future role in the region can be determined.

August 1, 2011

Marcellus Spending Could Near $13B This Year

Economic activity in the Marcellus Shale quadrupled between 2008 and this year, according to an industry-backed study released Wednesday.

July 21, 2011

Arkansas Injection Wells Face Closure

Staff of the Arkansas Oil and Gas Commission (AOGC) has recommended the permanent shut-in of saltwater disposal wells in an area north of Conway, AR, in the Fayetteville Shale where a recent earthquake swarm is thought to have resulted from waste injection activities.

June 27, 2011

Permanent Shut-In of Fayetteville Disposal Wells Recommended

Staff of the Arkansas Oil and Gas Commission (AOGC) has recommended the permanent shut-in of saltwater disposal wells in an area north of Conway, AR, in the Fayetteville Shale where a recent earthquake swarm is thought to have resulted from waste injection activities.

June 23, 2011

North Carolina Fracking Study Bills Nearing Passage

Two separate bills calling for a comprehensive study of hydraulic fracturing (hydrofracking) in North Carolina — a state where the practice is currently illegal — are expected to be sent to Democratic Gov. Bev Perdue this week.

June 14, 2011

Pennsylvania Proposals Aim to Lower Personal Taxes

The debate over taxing shale gas production in Pennsylvania is increasingly focusing on where the money would go, as two Philadelphia-area Republican lawmakers proposed severance taxes last week designed to ease the tax burden on individuals.

June 9, 2011

Storm Threat Wanes, Not Heat; Prices Mixed

The double-digit advances that pervaded the market Monday were disappearing rapidly Tuesday except in the Northeast, where forecasts are getting hotter. Close-to-flat numbers were common outside the Northeast, and small losses were resurfacing in the price mix for the first time since one last Friday.

June 8, 2011

Lights Out at FERC for Second Day

FERC’s doors were closed for a second day in a row Thursday due to a power outage that has affected the North Capitol Street corridor in Washington, DC, where the agency’s headquarters is located.

June 3, 2011