Category: Natural gas

Oil companies pay $630M in Pennsylvania drilling fees

Anadarko Petroleum, Chesapeake Energy and others will pay the state of Pennsylvania about $225 million in fees this year for drilling in the gas-rich Marcellus Shale, but critics of state law say they aren’t paying enough.  More »

A landscape of fire rises over North Dakota’s gas fields

Twice as much natural gas is wasted through flaring than in 2012 amid an energy boom that’s propelled North Dakota’s torrid economic growth.  More »

‘Age of gas’ becomes a sideshow for US producers prizing oil

The “golden age of gas” that the International Energy Agency foresees as a result of the U.S. energy boom is hardly the future being embraced by industry executives.  More »

Feds: Gas accounted for half of new US power generation in 2013

Natural gas continues to eat into coal’s share of U.S. power generation, accounting for more than 50 percent of the nation’s new generating capacity last year, according to a new report from the Energy Information Administration.  More »

Shale gas boom leaves wind companies seeking more subsidy

Wind power in the U.S. is on a respirator. The $14 billion industry is reeling from a double blow — cheap natural gas unleashed by the hydraulic fracturing revolution and the death last year of federal subsidies that made wind the most competitive of all renewable energy sources in the U.S.  More »

Oil prices rise on U.S. jobs report

Benchmark U.S. crude rose 85 cents to close at $101.14 a barrel.  More »

Chevron Phillips Chemical breaks ground on ethane cracker

BAYTOWN — Chevron Phillips Chemical Co. broke ground — ceremonially, at least — on the first component of a $6 billion expansion Wednesday that executives say could be transformational for the company.  More »

Officials seek clues in natural gas facility blast

State and federal regulators looking for what caused an explosion at a liquefied natural gas facility on the Washington-Oregon border began interviewing injured workers Tuesday as an evacuation order covering hundreds of nearby residents was lifted.  More »

Marcellus strategy paying off for gas producers

The Marcellus is starting to prove that, given time, its proximity to the East Coast makes it potentially profitable for those who got in early, according to a Moody’s report issued Tuesday.  More »

Workers injured as blast rocks Washington gas plant

A large explosion rocked a natural gas processing plant on the Washington-Oregon border Monday, injuring five workers.  More »

Gazprom raises gas export price as Ukraine looks for cash

Russia’s natural-gas export monopoly raised prices for Ukraine 44 percent after a discount deal expired, heaping financial pressure on the government in Kiev as it negotiates international bailouts.  More »

Encana to unload natural gas fields for $1.8B

Canadian oil producer Encana Corp. has agreed to sell its stake in natural gas-rich fields in Wyoming to a Texas private equity firm for $1.8 billion, the company said Monday.  More »

Bulls keep betting on natural gas amid record need

The cold snap in the Eastern U.S. convinced hedge funds and other speculators to keep betting on rising natural gas prices, accumulating the most bullish position for this time of year since at least 2010.  More »

Neighbors bicker in Pa. over forced gas drilling

Houston-based Hilcorp seeks to use a 1961 Pennsylvania law to drill under the property of four holdout landowners in New Bedford, near the Ohio border an hour north of Pittsburgh. The concept, known as “forced pooling,” means that people who don’t sign leases get bundled in with those who do, to make drilling more efficient and compensate all the landowners.  More »

Q&A: Ears go in the ground to aid fracturing

Houston-based Micro- Seismic uses instruments called geophones on the surface or buried underground to capture and analyze sounds from a well while it’s being fractured. The technology, called surface microseismic, allows operators to customize the fracturing while it’s in progress, improving the efficiency of the resulting hydrocarbon extraction.  More »