Category: Natural gas

Idea for gas terminal off East Coast rankles fracking foes

Liberty Natural Gas wants to build a deep-water port in federal waters 19 miles off Jones Beach, New York, and 29 miles off Long Branch, New Jersey. Its stated purpose is to bring additional natural gas into the New York area during times of peak demand, thereby lowering home-heating prices.  More »

NY fracking ban seen as having little impact on supply

Scientists say New York’s available reserves of natural gas in the sprawling Marcellus Shale are minuscule compared to what can be extracted in other states such as Pennsylvania and West Virginia.  More »

Natural gas inventories fall as winter weather returns

Natural gas inventories fell more than expected for the week ending Jan. 2, as more normal winter weather returned to the U.S.  More »

Crude rebounds amid strong U.S. refinery demand

WTI for February delivery increased 72 cents to settle at $48.65 a barrel on the New York Mercantile Exchange.  More »

Antero Resources to lay off more than 250 contract brokers

An Antero representative says prices for natural gas liquids have been affected by a drop in crude oil prices.  More »

Excelerate Energy puts Lavaca Bay LNG on hold

The company is now focused on developing floating LNG facilities outside of the U.S., an Excelerate spokeswoman said.  More »

Cheniere LNG project marks milestone as Feds give OK

The facility, which would be able to process as much as 15 million metric tons of liquefied natural gas annually, is the first proposed greenfield export project — one that wouldn’t be built on the footprint of existing LNG infrastructure — to make it this far.  More »

Southwestern’s CEO confident in natural gas

Despite sliding natural gas prices, Southwestern Energy chief executive Steven Mueller is confident in the direction of his Houston-based business.  More »

Southwestern — unlike peers — plans to boost 2015 spending

Firms like Continental Resources, Apache Corp., ConocoPhillips and Marathon Oil have all announced big cuts this winter to their planned capital expenditures.  More »

Survey: Texas manufacturers worried about oil price slide

Several manufacturing executives expressed pessimism over how falling oil would affect business next year.  More »

Natural gas falls below $3 in latest slide

Natural gas’ benchmark future price fell below $3.00 per million British thermal unit in trading on Friday, continuing a slide that has knocked about 30 percent from the price of gas in only one month.  More »

Feds plan to hold Idaho oil and gas lease sale

The U.S. Bureau of Land Management on Monday opened a 30-day public comment period about the proposed lease sale that will offer 6,350 acres to potential drilling in southwest Idaho.  More »

Leak contained at eastern Ohio natural gas well

The Ohio Department of Natural Resrouces plans to investigate what caused the well to begin leaking uncontrollably, prompting the evacuation of field staff and residents within a 1.5-mile radius.  More »

Southwestern Energy to buy more Marcellus, Utica acreage

Southwestern Energy Co. said Tuesday it is planning to snap up Statoil’s 20-percent stake in oil and gas assets in West Virginia and southwest Pennsylvania for $394 million, just a day after closing its biggest-ever deal with Chesapeake Energy in the region.  More »

Exxon Mobil affiliate to pay $2.3 million for pollution

XTO Energy denies any liability for claims in the complaint. Regulators say XTO polluted waterways with natural gas drilling in West Virginia.  More »
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