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Tag Archives: natural gas prices

Natural gas production, supply centers on rebound

Natural gas prices may be dropping, but the number of area companies involved in the natural gas industry shows no signs of decline. Area companies are involved in a wide range of natural gas services, including engineering and surveying, environmental consulting, excavation and construction and providing fuel. Compressed Natural Gas of New Holland, Lancaster County, operates a CNG refueling station ...

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Energy companies explore lower shales for greater yields of gas, liquids

Low natural gas prices that have companies balancing spending cuts with promises of ramped-up production are driving some new development in the Utica and Point Pleasant shale, where deeper wells can yield more gas and liquids. Range Resources, Consol Energy, and Rice Energy are among Marcellus shale producers reporting positive results from their Utica and Point Pleasant wells, and are ...

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Consumers getting natural gas relief

natural gas

DECATUR – Natural gas prices are dropping through the floor with no signs of stopping. That’s good news for the 812,000 Ameren Illinois gas customers who have already seen the cost of the fuel deflate 35 percent in the last year. Natural gas prices are now hovering at their lowest levels since 2002. And the utility now says its gas ...

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As natural gas pipes drop, budgets, jobs are scaled back

When “Dallas” was a top-rated television show back in the ’80s, oilmen were portrayed as wildcatters, the last of a breed of take-no-prisoners businessmen who took risk after risk. Wildcatters, even fictional ones like J.R. Ewing, and real ones like T. Boone Pickens, drilled where their gut told them. Sometimes they won, sometimes they didn’t. The wildcatters were true boom ...

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Low oil prices force 2 Oklahoma companies to cut jobs

SKIATOOK, Okla. — Two oil and gas companies are cutting jobs in Oklahoma due to a decline in oil and natural gas prices. According to reports, Ohio-based Worthington Industries cut 40 jobs at its Skiatook plant Tuesday, and Samson Resource Co. confirmed Thursday that it is laying off 196 employees from its Tulsa headquarters. The Skiatook plant, which manufactures horizontal ...

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G2 LNG looking for export approval from DOE

Yet another liquefied natural gas (LNG) company is looking to take advantage of low domestic natural gas prices by exporting the resource from its proposed facility in Louisiana. G2 LNG LLC filed two separate applications with the U.S. Department of Energy this week, one for authorization to export to Free Trade Agreement (FTA) nations and the other to non-FTA nations, ...

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Another victim of the price drop: Texas renewable energy

renewable energy

When the West Texas wind blows, 96 turbines at the Notrees Windpower farm churn to produce electricity that at full capacity can power up to 46,000 homes. That shows no signs of stopping, even though lately the plant faces dropping electricity prices. The same price drop that pummeled oil and gas activity also threatens investments in future renewable energy projects, ...

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Drillers’ new techniques, experience cut well costs, boost yields

Ray Walker often invokes a favorite saying when asked how shale gas companies can increase production by 20 percent or more while cutting spending on drilling by more than 40 percent. “The rock rules,” said Walker, executive vice president and chief operating officer at Range Resources Corp., repeating a phrase he used during the Fort Worth-based company’s most recent earnings ...

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Wolf’s severance tax would set a minimum value on gas produced

Gov. Wolf’s proposed severance tax on Marcellus Shale natural-gas production contains a unique feature that sets a minimum taxable level, guaranteeing that the state would capture its share no matter how low the gas price sank. The severance tax, dubbed the Pennsylvania Education Reinvestment Act, would set a minimum value of $2.97 per thousand cubic feet (Mcf) for all natural ...

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