Category: Natural gas

Oil and natural gas down slightly; pump prices up

Energy markets were relatively tame Wednesday, with both oil and natural gas showing small declines. Benchmark U.S. crude for April delivery slipped 19 cents to close at $102.40 a barrel on the New York Mercantile Exchange. Natural gas futures fell 3 cents to $4.51 per 1,000 cubic feet as weather forecasts indicate households won’t have […]  More »

Oil gains as U.S. supplies rise less than expected

Crude for April delivery rose 76 cents to $102.59 a barrel.  More »

Oil and natural gas fall on weather forecasts

Crude for April delivery dropped 99 cents to close at $101.83 a barrel.  More »

Manufacturing boom needs workers, reforms

The energy boom has led to a surge in manufacturing plant openings and announcements, but that growth is being endangered by politics, the president of the nation’s manufacturing lobbying group said Tuesday in Houston.  More »

GE to funnel billions into oil field technology

GE on Monday announced it was boosting its spending on projects to harness the power of carbon dioxide and natural gas in the oilfield.  More »

Houston-area company lastest to seek approval to build LNG export facility

Excelerate Energy, based in The Woodlands, is the latest in a long line of companies looking to cash on the natural gas boom via an LNG export facility.  More »

Oil rises, but natural gas sinks in volatile trade

Natural gas futures one point neared $6.50 per 1,000 cubic feet before dropping to to $5.45.  More »

One gas well sealed after fatal blast in Pennsylvania

The well caught fire Feb. 11.  More »

Natural gas wagers jump on tumbling supplies

Hedge funds increased bullish bets on natural gas for the fifth time in six weeks as arctic weather stoked demand for the heating fuel, depleting stockpiles and sending prices to a five-year high.  More »

More work needed to stop flaring gas, officials say

Energy companies are making strides in capturing the natural gas that flows out of North Dakota oil wells but still have a long way to go to stop burning off the fossil fuel, governors and business executives said Monday.  More »

Crude oil remains above $102

Oil is up 2 percent for the week.  More »

Chesapeake investing in natural gas play as prices rise

Climbing natural gas prices could help Chesapeake Energy profit off a plan to revive the nearly forgotten shale reservoir it had gambled billions of dollars on six years ago. And the seven to nine rigs Chesapeake expects to deploy to the Haynesville Shale this year could boost daily rates for U.S. land drilling companies, analysts say.  More »

ConocoPhillips CEO: Skeptics’ warnings of shale bubble are unfounded

ConocoPhillips CEO Ryan Lance fired back at shale skeptics, while speaking at Rice’s Baker Institute for Public Policy Tuesday. He said the country’s shale revolution is only in the “first inning of a nine inning game.”  More »

Economist: US underestimating role of Middle East after shale

The International Energy Agency’s chief economist says the West is making too much of predictions that the United States will surpass Saudi Arabia as the world’s largest producer of oil.  More »

Oil below $103 as Chinese factory activity drops

U.S. retail gasoline prices continued their seasonal climb.  More »