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Tag Archives: natural gas prices

2 new natural gas facilities proposed for Louisiana

natural gas

NEW ORLEANS — Two companies are looking at building large facilities along the Mississippi River south of New Orleans where they can export natural gas to the world market, another sign of the expanding footprint of the natural gas industry in Louisiana. Until now, the area around Lake Charles has been the center of a boom in the market to ...

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Study: Lack of energy infrastructure would cripple New England

A study funded by trade groups representing the oil and natural gas industries is predicting dire consequences for New England if the region doesn’t improve its energy infrastructure by the end of the current decade. The 68-page report released Thursday was prepared for the New England Coalition for Affordable Energy, a Boston-based advocacy group. But it was sponsored by two ...

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Rice Energy widens loss

Rice Energy Inc. recorded a loss of $69.7 million, or 51 cents per share, for the second quarter. During the same time last year, the Canonsburg-based oil and gas company posted a loss of $7.9 million, or 6 cents per share. Rice drills for oil and gas in the Marcellus Shale in southwestern Pennsylvania and in the Utica Shale in ...

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Dow Chemical profit beats estimates as margins continue to expand

Dow Chemical Co <DOW.N> reported a better-than-expected quarterly profit as the company’s operating margins rose for the eleventh quarter in a row, helped largely by low raw material costs at its plastics-making business. The U.S. chemical maker’s plastics business has benefited from easy access to cheap shale gas, which is stripped down into ethane to make ethylene – a key ...

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Consol warns of losses due to natural gas glut

The low gas and coal prices that prompted layoffs and other recent cost-cutting moves at Consol Energy Inc. are eating into profits. The Cecil-based company warned early Monday it expects to report an operational loss when it announces financial results from the second quarter next week and will write down the value of some of its shallow oil and natural ...

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Utica and Marcellus well activity in Ohio

Activity in the Utica and Marcellus Shale formations in Ohio have seen some changes compared to the last the well activity update, and maybe it’s because one CEO believes natural gas prices may be on the rise. During his speech at the Hart Energy DUG East Conference in Pittsburgh, Pennsylvania, Eclipse Resources Corp. CEO Benjamin Hulburt said he expects natural ...

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