The cash market was a “Tale of Two Cities” Tuesday as the bulk of locations meandered within a couple of pennies of Monday’s settlement, but the swooning Northeast suffered $1 plus declines as near-term weather was expected to moderate. Futures prices resorted to a mixed finish in light trading, and at the close April had risen 0.1 cent to $2.356 and May had dropped 1.0 cents to $2.462. April crude oil followed weak equity markets lower and tumbled $2.02 to $104.70/bbl.
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Articles from Within
Fracking Not to Blame, Says Study of Groundwater Contamination Reports
Extracting natural gas from shale formations using hydraulic fracturing (fracking) “has no direct connection” to groundwater contamination reports, based on a study of three big shale gas plays in the United States, the Energy Institute at the University of Texas at Austin (UT) said in a new report.
February 21, 2012
Magnum Hunter, Stone Partner in West Virginia
Magnum Hunter Resources Corp and Stone Energy Corp. said Monday they plan to jointly develop Marcellus Shale acreage in West Virginia. Separately Stone agreed to commit its share of output from the contract area to a Magnum Hunter pipeline subsidiary.
December 13, 2011
IEA Warns of Irreversible Climate Change Barring Bold Global Action
The International Energy Agency (IEA) warned Wednesday that irreversible climate change will occur if bold actions are not taken worldwide within the next five years, but the agency’s chief economist said he’s not optimistic that leaders will make the sacrifices necessary.
November 10, 2011
Shale a ‘Grand Slam’ for Demand Growth, Say Experts
Barring an intervention by policymakers to restrict hydraulic fracturing, and as long as there is a worldwide economic recovery, steady growth will continue within the natural gas industry through 2030 because of growing worldwide demand, energy experts said last week.
November 9, 2011
Judge to Rule Within 60 Days on New York Town Drilling Ban
A judge in New York State is expected to rule within 60 days if the Town of Dryden, NY, overstepped its authority when it enacted an ordinance and a zoning requirement this past summer banning all oil and gas development activities.
November 7, 2011
Statoil to Acquire Brigham and With It, Williston Entry
Norwegian heavyweight Statoil ASA, which already holds substantial assets in the Marcellus and Eagle Ford shales, has a deal on the table to acquire Austin, TX-based independent Brigham Exploration Co., which would give it access to the Williston Basin’s Bakken and Three Forks oily formations.
October 18, 2011
North Dakota Proposes Drilling Waste, Fracking Rules
Proposed rule changes for handling drilling waste products and hydraulic fracturing (fracking) were approved Tuesday by the North Dakota Industrial Commission. They drew an immediate negative reaction from the North Dakota Petroleum Council, which claimed the changes would add up to $300,000 of added costs/well.
September 23, 2011
Atmos Accused of Flipping, SMHT Violations
FERC has “preliminarily determined” that Atmos Energy Corp. and two affiliates committed capacity release violations within the past decade.
August 29, 2011
FERC Accuses Atmos Energy of Flipping, SMHT Violations
FERC has “preliminarily determined” that Atmos Energy Corp. and two affiliates committed capacity release violations within the past decade.
August 17, 2011
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