North American shale gas, particularly in the United States, has proven an energy cost-saving miracle for consumers who otherwise would be staring at prices three or four times higher, according to reports released Thursday by Toronto-based TD Group, the holding company for TD Bank.
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Shale Breakthroughs Created ‘A Changed Energy Game’
The election may have left the balance of power in Washington basically unchanged, but the lame duck Congress, which convened this week, may turn out to be not so lame, and the outlook for natural gas interests on Capitol Hill is good, according to Regina Hopper, CEO of America’s Natural Gas Alliance (ANGA).
Shale Gas Development to Pay Down the Line, says Chief CEO
Development of the nation’s shale natural gas plays may be a thankless job for producers today, but its value will pay off in the years to come, according to the CEO of Chief Oil & Gas LLC, who hopes to expand his company’s presence in the Marcellus and Utica shales.
Targa Buying Bakken Crude, NatGas Midstream Assets
Targa Resources Partners LP said Thursday it will acquire all of Saddle Butte Pipeline LLC’s ownership of its Williston Basin crude oil pipeline and terminal system as well as its natural gas gathering and processing operations for $950 million in cash.
Gulfport Acquires Acreage, Tries to Figure Out Utica Puzzle
Despite fierce competition, Gulfport Energy Corp. CEO Jim Palm said his company has managed to acquire additional acreage in the Utica Shale as it looks to determine type curves, well spacing and how long it should wait before bringing new wells into production.
Helmerich’s Land-Rig Migration to Horizontal Almost Complete
Riding high on record profits and continuing efficiencies, the contract drilling sector nevertheless faces uncertainties during the first half of next year that require patience and flexibility, said the CEO of Tulsa-based Helmerich & Payne Inc. (HP).
BLM Sells 15 Parcels in Utah Lease Sale
The Bureau of Land Management (BLM) said Tuesday it sold 13 of 16 available parcels in an oil and natural gas lease sale in the Green River District in east-central Utah.
North Dakota Production Growth Slowed
The latest monthly totals for oil and natural gas production in North Dakota show continued growth in September, albeit at a slower pace than previous months, a report from the state Industrial Commission’s Department of Mineral Resources (DMR) showed Tuesday.
Pennsylvania DEP Issues Disclaimer After Production Data Hiccups
Following a few reporting snafus in its biannual oil and natural gas production report released in August, the Pennsylvania Department of Environmental Protection (DEP) has added a click-through disclaimer notice on the Marcellus Shale production section of its website noting that the agency “expressly disclaims any liability for errors or omissions related to the production data” contained within the reports.
Pennsylvania PUC Issues Revised Distribution of Impact Fee Revenue
The Pennsylvania Public Utility Commission’s (PUC) revision of distribution figures for impact fee revenue generated by Act 13 is mixed news for municipalities, with a bigger pot of revenue to divvy up, but most will get a smaller share.