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The Michigan Department of Natural Resources (DNR) has begun working with the state’s Attorney General’s Office to review allegations that Chesapeake Energy Corp. and Encana Corp. worked together to avoid competing in state lease auctions two years ago.

If natural gas prices were to fall to $1, that wouldn’t be such a bad thing, according to EnerVest Ltd. CEO John Walker. In fact, low prices may be the industry’s “greatest savior,” he said last week at Bentek Energy’s Benposium in Houston.

If natural gas prices were to fall to $1, that wouldn’t be such a bad thing, according to EnerVest Ltd. CEO John Walker. In fact, low prices may be the industry’s “greatest savior,” he said Wednesday at Bentek Energy’s Benposium in Houston.

If natural gas prices were to fall to $1, that wouldn’t be such a bad thing, according to EnerVest Ltd. CEO John Walker. In fact, low prices may be the industry’s “greatest savior,” he said Wednesday at Bentek Energy’s Benposium in Houston.

A report by an economics professor at Ohio State University says shale gas development in eastern Ohio will generate jobs, but only a fraction of the total projected by the industry.

A ballot initiative sponsored by former natural gas industry executive Sheffield Nelson to raise Arkansas’ severance tax on natural gas production has passed the muster of the state attorney general and would go before voters next year if proponents can garner enough signatures.

An attempt by Williams late last month to snatch Southern Union Co. has forced Energy Transfer Equity LP (ETE) to strike back with a sweetened offer of $40/share.

Lawmakers in the North Carolina General Assembly ratified two bills calling for a comprehensive study of hydraulic fracturing (hydrofracking). Both bills now await the signature of Democratic Gov. Bev Perdue.

Some producers wouldn’t have sold their Barnett Shale assets and instead would have flat-lined activities there while they headed for the greener pastures of the Appalachian Basin’s Marcellus Shale, Range Resources Corp. CEO John Pinkerton conceded. But Range wanted to straighten its balance sheet and go at the Marcellus full bore, which its recent Barnett asset sale sets it up to do.