More than a dozen people were injured, at least two critically, and a young woman’s body had been recovered after an apparent natural gas leak triggered a huge explosion and four-alarm fire just after 6 p.m. Tuesday in an upscale Kansas City, MO, shopping district.
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North Dakota to Study Power Needs for Shale Gas Production
A study of the electricity needs in the oil/natural gas patch was funded Monday by the North Dakota Industrial Commission for upcoming work to be overseen by the state’s power transmission authority. Separately, the commission also authorized paying for another study of future natural gas growth in the state.
Losses Rise as Cool to Mild Weather Dominates
Following a week in which weather across Canada and much of the northern U.S. seemed more appropriate for winter than the still-young spring season — keeping spot prices mostly flat or firmer — just a few areas of significant heating load remained Monday. The upshot was falling prices at most points.
First Reserve Antes Up for Cobalt
Cobalt International Energy LP claimed another investor for its young exploration company with the announcement Friday that First Reserve Corp. has joined its investor group with a $350 million commitment.
Market Heads in All Directions Following Holiday
The post-holiday market had a little something for everybody’s tastes Monday. Like big upticks? Go west, young man (or woman). Prefer more moderate but still sizeable gains? The Midcontinent was the place to be. How about you ambivalent types that like to mix it up? The Gulf Coast and Midwest citygates were the regions to trade, although losses outweighed the gains. And for the pure bears out there, it didn’t get any more price-negative than in the Northeast.
Independents Gain Foothold In Rocky Mountains
Horace Greeley’s advice to “go west, young man,” has never beenmore true than for independent North American oil and gascompanies, which are claiming stakes in the Rocky Mountains andreaping huge returns from the untapped natural gas reserves thatlie beneath the deep, thick sands in the mountainous, multi-stateregion.
Independents Gain Foothold in Rocky Mountains
Horace Greeley’s advice to “go west, young man,” has never beenmore true than for independent North American oil and gascompanies, which are claiming stakes in the Rocky Mountains andreaping huge returns from the untapped natural gas reserves thatlie beneath the deep, thick sands in the mountainous, multi-stateregion.