A rig drills for natural gas in the Sonora Field in the Permian Basin. (AP Photo)

Chesapeake likely to turn funding gap into $2 billion surplus, analyst says

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Cash-strapped Chesapeake Energy Corp appears likely to wind up with a $2 billion cash surplus by the end of 2012, turning around a projected shortfall of $12 billion by selling assets, according to an analysis from Alembic Global Advisors.

To Be Or Not To Be: Global Energy And Cellulosic Ethanol (And Unicorns)

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Well, no it isn’t (the question, that is). It is more of a statement or affirmation, as this post takes a look at two charts from two recent releases, BP’sĀ Statistical Review of World Energy and the EIA’sĀ Annual Energy Outlook , to show two contrasting themes. One chart illustrates key consumption levels, and the other illustrates […]
Blake Olson, John Pettit, and Jason Strange welcome Eagle Ford oil field workers at the Pearsall General Store. (Photo: Edward A. Ornelas)

Hungry oil field workers have a place to blow off steam

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The Eagle Ford Shale boom has brought almost 50,000 workers to South Texas, and San Antonio-based caterer Don Strange of Texas is capitalizing on the demand for food with a new food and entertainment venue here as well as catering services in the oil fields.
Categories: Eagle Ford, Natural gas
A large sign is seen in the front Sunoco'S Eagle Point refinery in National Park, N.J. (AP Photo/Mel Evans)

Study outlines options for shuttered Pa. refinery

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A study commissioned by a suburban Philadelphia county has identified a number of possible futures for a shuttered refinery, many of them linked to the growing supply of natural gas due to the Marcellus Shale drilling boom.
Categories: Natural gas, Refining
Some Ohioans are asking for a ban on fracking for Natural Gas until the Environmental Protection Agency completes its study. (Photo: Ty Wright/Bloomberg)

Natural gas prices climb as summer heats up

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Natural gas futures jumped to a five-month high in New York on forecasts for hotter-than-normal weather that would boost fuel demand from power plants.
Categories: Natural gas
New Jersey Gov. Chris Christie speaks during a town hall meeting in 2011. (AP Photo/Mel Evans)

Christie: No decision on banning fracking waste

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Gov. Chris Christie says he hasn’t decided whether to sign a measure that bans hydraulic fracturing byproducts from other states from entering New Jersey.
The 2012 Honda Civic Natural Gas car, named Green Car of the Year for 2012, is displayed after its unveiling at press preview day for the Los Angeles Auto Show. Fill 'er up _ with natural gas. High pump prices are encouraging GM and Chrysler to roll out pickups that run on natural gas, which is plentiful and cheap in the U.S..  Here's a look at what models are coming, what's already out there and where to go to fill up. (AP Photo/Reed Saxon, File)

Column: Natural-gas cars can drive us toward a better economy

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Armenia is not generally known as a world leader, but it holds at least one record: Seventy-five percent of its cars and trucks run on natural gas.
Categories: Natural gas
(Image: Fotolia)

BP says Colorado gas explosion occurred during line inspection

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BP was running a pigging device through a pipeline feeding gas into a compressor station in Colorado when an explosion occurred yesterday, killing one contract worker and injuring two others.
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One of EnCana's SAGD oilsands operations located near Christina Lake.

Chesapeake loses $1.4 billion in value since Friday

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Shares in Chesapeake Energy Corp. continued their fall today, a day after a report that the embattled natural gas producer was colluding with a rival to depress land prices.
Categories: Natural gas
A Linn Energy relief driller loads drill rods onto a rig in Indiana, Pennsylvania in the Appalachian Basin. (AP file photo/Andrew Rush)

Linn Energy buys Wyoming operations from BP for $1.025 billion

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BP plans to sell two of its properties in Wyoming to LINN Energy for $1.025 billion in cash, it announced today.
Categories: Natural gas
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