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Derecho, Slumping Prices Hinder Magnum Hunter’s Appalachian Plans

Derecho, Slumping Prices Hinder Magnum Hunter’s Appalachian Plans

Magnum Hunter Resources Corp.’s production in the Appalachian Basin remains “substantially curtailed” nearly three months after an unusually severe thunderstorm knocked out electricity service to much of the region, the Houston-based independent said Wednesday.

September 27, 2012

French President to Extend Sarkozy-Era Fracking Ban

Efforts to replicate in Europe the United States’ shale gas success took another blow Friday when French President Francois Hollande said that a ban on hydraulic fracturing (fracking) would remain in place during his five-year term. Hollande, the candidate of the Socialist party, became president following a two-round election earlier this year.

September 18, 2012

Cash Nearly Flat, But Futures Traders Warily Eye Isaac

The physical market overall gained on average less than a penny Wednesday with most points vacillating within a penny of unchanged. California locations did exhibit gains, however. Futures managed to advance as traders warily kept their eyes on a looming tropical storm now in the eastern Caribbean, and the ultimate trajectory won’t be known until the storm makes a critical turn to the north. At the close of futures trading September had risen 5.1 cents to $2.826 and October had added 5.4 cents to $2.863. October crude oil continued its march higher posting a gain of 42 cents to $97.26/bbl.

August 23, 2012

CFTC Proposes to Exempt Inter-Affiliate Swaps from Clearing

The Commodity Futures Trading Commission (CFTC) Thursday voted out a proposed rule to exempt swaps between certain affiliated entities within a corporate group from the clearing requirement under the Dodd-Frank Wall Street Reform Act.

August 17, 2012

Unconventional Rig Count Inches Higher, But Oil-Gas Lines Blurred

Unconventional oil and gas drilling within the 13 plays tracked by NGI’s Shale Daily Unconventional Rig Count increased by one rig over the previous week to 890 rigs for the week ending Aug. 10. While some of the plays reporting increases or declines in activity were to be expected, others came as a bit of a surprise.

August 13, 2012

PA Governor: More Work Needed to Make Shell Cracker a Reality

Pennsylvania Gov. Tom Corbett said there was a better than 50% chance that a subsidiary of Royal Dutch Shell plc will build an ethane cracker in Beaver County, and he said more work is necessary to make the facility a reality.

August 6, 2012

Shell CEO: U.S. Energy Independence Almost Possible in 20 Years

The United States could achieve “near energy independence” within 20 years if the nation’s top leaders enact an energy policy that promotes the country’s abundant onshore and offshore natural gas and oil resources, Royal Dutch Shell plc CEO Peter Voser said last week.

July 30, 2012

Shell CEO: U.S. ‘Near Energy Independence’ Achievable in 20 Years

The United States could achieve “near energy independence” within 20 years if the nation’s top leaders enact an energy policy that promotes the country’s abundant onshore and offshore natural gas and oil resources, Royal Dutch Shell plc CEO Peter Voser said Thursday.

July 27, 2012

Marcellus Shale Coalition Unveils Supply Chain Recommended Practices

Laying out a blueprint for how small- and medium-sized businesses can take advantage of the opportunities provided within the current U.S. natural gas development boom, the Marcellus Shale Coalition (MSC) has released the second in a series of recommended practices aimed at bolstering the Marcellus Shale region’s supply chain.

July 19, 2012

Pipelines Tying Shales to Power at Perryville

The Perryville Hub in North Louisiana continues to raise its profile in the Gulf Coast region on the shoulders of Midcontinent shale gas production and growing gas-fired power generation demand in the Southeast. Pipeline operators are responding with efforts to streamline trading at the location with the expectation that it will become the supply-demand crossroads for shale gas and power plants.

July 16, 2012