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Tag Archives: natural gas prices

Natural gas royalties lawsuit hinges on transaction date

A class-action lawsuit over natural gas royalties hinges on the question of when the company sold the gas, an industry expert said Friday. “The issue of when title passes will likely be the most important aspect of this trial,” said Steven Townsend of ShaleAdvice LLC. Nine Greene County property owners claim in the lawsuit that Energy Corporation of America improperly ...

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As New England freezes, natural gas stays cheap

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NEW YORK – What a difference a year makes. Twelve months ago, tumultuous weather in the U.S. Northeast caused record natural gas price spikes and forced some power plants to shut for lack of fuel as power producers scrambled to outbid each other for scarce supplies. This February, the region has shivered through the coldest weather in 81 years, yet ...

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Gas impact fee is on a steady decline

According to an analysis released by Pennsylvania’s Independent Fiscal Office (IFO), the state’s gas impact fee on Marcellus Shale drillers is on a steady decline. In a brief released on Thursday, the IFO discovered that the effective tax rate on natural gas drillers has been decreasing for the last four years, going from 5.3 percent in 2011 to 2.1 percent ...

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Gas prices force BHP to retain Fayetteville acreage

The Fayetteville Shale play may not grab headlines like the Bakken, Eagle Ford or Marcellus formations, but BHP Billiton is unwilling to give up on the Arkansas prospect as it moves forward with shale spending cuts. The Australia-based development company recently released its interim results data for the half-year which ended on Dec. 31. In the documents, the company states ...

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Quicksilver Resources lays off 10 percent of its workforce

FORT WORTH — Quicksilver Resources, fighting off challenges from lower natural gas prices and mounting debts, on Thursday laid off 10 percent of it workforce in the United States and Canada. The oil and gas exploration company has about 350 employees at its corporate offices in Fort Worth and Calgary, as well as in its field offices across the country. ...

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Low prices force suppliers to ask for discounts

The pressure of low natural gas prices has forced suppliers in the Marcellus Shale to ask for discounts of at least 10 percent on the prices of goods and services. Despite oil prices increasing slightly, they still sit under $50 per barrel.  Natural gas prices are not any better, hovering just under $3 per million British thermal units. Even though ...

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Natural gas prices hit an all-time low

Trailing a momentary price increase during November, natural gas has hit its lowest prices since September 2012, reflecting solid domestic production and inventory builds. According to the U.S. Energy Information Administration (EIA), “The 2013-14 winter’s sustained cold weather and record drawdown of inventories led Henry Hub prices to spike to five-year highs, peaking at a monthly average of $6.00 per ...

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