Consol Waiting for Higher Gas Prices, Defers Some Marcellus Drilling Pennsylvania Republicans Challenging Impact Fee After 'Difficult' 2011, Hess Embracing Unconventionals in 2012 Cabot Says Duplicate EPA Tests in Dimock Undermine Policy Water Supply for Eagle Ford Seen as Sufficient Range to Anchor Gulf Coast Ethane Pipeline Weir Makes Play for Another Unconventional Drilling Provider Pennsylvania Changing Sedimentation Permitting Obama's State of the Union Supports Shale Gas Development Kinder Pipes Feel Shale Pain and Promise ConocoPhillips Buys Liquids, Shuts in Gas West Virginia Ethane Cracker Bill Sent to Governor New York Fines Operator for Pennsylvania Drilling SRBC Schedules Public Hearing, Will Reconsider Water Permits Micro Shale E&P, Service Company to Merge Halliburton Sees Challenges in Move from Gas to Liquids Plays Baker Hughes CEO: 'Tens of Thousands' of North American Drilling Sites Colorado Shale Boom Creates Permitting Backlog Shale Gas Seen as Major Factor in LNG Export Ethane Cracker Bill Advances in West Virginia ACC: Michigan Could Make Billions on Cracker Chesapeake's Large Curtailments, Spending Cuts Spark Gas Price Rise Apache Deal More than Doubles Liquids Acreage in Anadarko Basin EIA Cuts Marcellus Shale Estimate, But Predicts Net U.S. Exports Fracking Market Still Strong, but Won't Match 2011 EQT Halts Huron Shale Drilling on Low Prices Reality Cameras Roll in on Shale Patch Parvenu House Panel Questions EPA's Objectivity on Fracking NGSA's Horvath Dismisses Shale's Black Swans North America Onshore Rig Count Flat in 2012, Says Schlumberger Bentek: North America Will Be Soaking in Crude TransCanada: Keystone Shippers Will Stay Industry Seeks Balance on Pennsylvania Impact Fee, Regulations EPA Wades Deeper Into Dimock, PA, Well Water Dispute Idaho Proposes New Oil, Gas Rules Springville Gathering Pipeline Begins Service in Pennsylvania

Canadian Drilling Forecast Slashed
Breaking News from NGI's Daily Gas Price Index  posted Jan 27, 1:04 PM
Low prices and a shortage of skilled labor will slow drilling operations this year, the Petroleum Services Association of Canada said. ( more )

New Projects Lift Chevron Reserves Numbers
Breaking News from NGI's Daily Gas Price Index  posted Jan 27, 1:04 PM
The company remains "positive on shale," but it's not interested in partnering with anyone, said the CEO. ( more )

Obama Rides 'Natural Gas Highway,' Fuel Provider Says
Breaking News from NGI's Daily Gas Price Index  posted Jan 27, 11:08 AM
The president and a California-based fuel provider are touting natural gas as the equivalent of $1.50/gallon gasoline. ( more )

Utah Governor's 10-Year Energy Plan Seeks Independence
Breaking News from NGI's Daily Gas Price Index  posted Jan 27, 8:24 AM
He called for "responsible energy development" without too much interference from the federal government. ( more )

EQT Sees Boost in Earnings, Production, Proved Reserves in 2011
Breaking News from NGI's Daily Gas Price Index  posted Jan 27, 8:23 AM
CEO David Porges said, for now, the company won't drop a drilling rig in the Marcellus in response to low natural gas prices. ( more )

Moody's Cuts 2012 Henry Hub Price to $2.75/MMBtu
Breaking News from NGI's Daily Gas Price Index  posted Jan 27, 8:23 AM
The lower price assumptions through 2013 signify "a secular shift" in expectations for natural gas prices "well into the future." ( more )

North American Energy Opportunities Tops, Says Survey
Breaking News from NGI's Daily Gas Price Index  posted Jan 27, 8:23 AM
Companies are prepared to "spend big" in 2012 as long as global economic conditions don't deteriorate, said respondents. ( more )

Market Seen Working Lower; Expiring February Called Down 3 Cents
Breaking News from NGI's Daily Gas Price Index  posted Jan 27, 7:56 AM
Futures drifted lower in overnight trading. ( more )

Futures Dip Despite 'Bullish' Storage Draw as Most Cash Points Rise
from NGI's Daily Gas Price Index  January 27, 2012
Futures and cash prices moved in opposite directions for the most part on Thursday as physical players readied for end-of-month trading and futures traders concentrated on growing storage surpluses. ( more )

Obama Takes Pro-Natural Gas Message on the Road
from NGI's Daily Gas Price Index  January 27, 2012
The president called the United States "the Saudi Arabia of natural gas." ( more )

Central GOM Oil and Gas Lease Sale to Open 30M+ Acres
from NGI's Daily Gas Price Index  January 27, 2012
The sale could result in the production of 1 billion bbl of oil and 4 Tcf of natural gas, the Bureau of Ocean Energy Management said. ( more )

Consol Trims Gas Drilling, Spending Plans
from NGI's Daily Gas Price Index  January 27, 2012
The biggest impact is to be felt in the Marcellus Shale, where drilling would be cut by an estimated 19% and spending would drop by 23%. ( more )

BG Group Raises Gulf Coast LNG Export Stake
from NGI's Daily Gas Price Index  January 27, 2012
BG Gulf Coast LNG has signed up for more output from the proposed Sabine Pass Liquefaction terminal on the Gulf Coast. ( more )

Drilling Gets a Boost from Governor in California, Oxy CEO Says
from NGI's Daily Gas Price Index  January 27, 2012
By mid-year 2012, rig counts should pick up in the state as a result of an improved permitting process. ( more )

Hess Eyes Growth in Deepwater GOM
from NGI's Daily Gas Price Index  January 27, 2012
Construction is under way in the Tubular Bells field, which the company operates. ( more )

FirstEnergy to Shut Six Coal-Fired Plants
from NGI's Daily Gas Price Index  January 27, 2012
It is a move to de-carbonize and rely more on natural gas, nuclear and renewable-based generation. ( more )

California Unconcerned About National Gas Drilling Cutbacks
from NGI's Daily Gas Price Index  January 27, 2012
It would take an industry-wide movement to start to have a significant impact, said a state official. ( more )

Obama's State of the Union Focuses Energy on Natural Gas, Oil
from NGI's Daily Gas Price Index  January 26, 2012
The president said he supports disclosure of fracking chemicals to "develop this resource without putting the health and safety of our citizens at risk." ( more )

ConocoPhillips to Shut In 100 MMcf/d of North American Gas
from NGI's Daily Gas Price Index  January 26, 2012
Core development areas in North America going forward will be on liquids-rich onshore properties in the Lower 48 and Canada, as well as the Gulf of Mexico and Alaska. ( more )

Kinder Mulling Rockies Express Backhauls, LNG Exports
from NGI's Daily Gas Price Index  January 26, 2012
The Marcellus Shale is weighing on the pipeline's market area, but the shale revolution brings opportunity to some of the company's other pipelines. ( more )

Oxy to Reduce Gas Drilling in North America
from NGI's Daily Gas Price Index  January 26, 2012
The producer plans to focus on oil and liquids because low natural gas prices are "horrible," said CEO Stephen Chazen. ( more )

House Ag Panel Bills Adjust Dodd-Frank
from NGI's Daily Gas Price Index  January 26, 2012
The bills address two key issues affecting consumers, end-user exemptions from mandated clearing and margin requirements. ( more )

Lawmaker Aims to Speed Alaska In-State Gasline
from NGI's Daily Gas Price Index  January 26, 2012
A legislative package combines existing bills with recommendations by the Alaska Gasline Development Corp. to bring the state closer to a pipeline project. ( more )

New York Fines Operator for Pennsylvania Drilling
from NGI's Daily Gas Price Index  January 26, 2012
New York regulators say U.S. Energy Development Corp. drilling operations in Pennsylvania had water quality impacts that crossed state lines. ( more )

California Faces Critical Transition for Gas-Fired Power
from NGI's Daily Gas Price Index  January 26, 2012
The state faces seven years without adequate baseload natural gas to balance variable renewables. ( more )

Is Natural Gas Moving Up on Obama's Agenda?
from NGI's Daily Gas Price Index  January 25, 2012
Apparently now seen in a more positive light at the White House, natural gas is expected to be highlighted in State of the Union speech. ( more )

Would-Be Greenfield LNG Export Project Gets Texas Port Lease
from NGI's Daily Gas Price Index  January 25, 2012
Gulf Coast LNG Export LLC would take 500 acres at the Port of Brownsville, TX. ( more )

Obama Looks to North Dakota for New FERC Commissioner
from NGI's Daily Gas Price Index  January 25, 2012
The president also nominated a Deutsche Bank economist to head the Energy Information Administration. ( more )

Baker Hughes Building Infrastructure as Producers Shift to Liquids
from NGI's Daily Gas Price Index  January 25, 2012
North America's onshore rig count is expected to end the year flat as a higher oil rig count will offset weakness in natural gas drilling, said CEO Martin Craighead. ( more )

North American Exploration Pushes M&A to Record Highs
from NGI's Daily Gas Price Index  January 25, 2012
U.S. oil and gas transactions may be tempered this year, according to Ernst & Young LLP. ( more )

Bill Barrett Increases Oil Emphasis
from NGI's Daily Gas Price Index  January 25, 2012
The market has little love for dry gas, but the Denver-based producer's proved reserves are still weighted 87% to gas. ( more )

Texas Considers Formalizing Safety Rules
from NGI's Daily Gas Price Index  January 25, 2012
Proposed rule changes at the Railroad Commission of Texas target repeat violators of state regulations governing safety and pipeline damage. ( more )

Chesapeake Gas Shut-ins, Spending Cuts Boost Gas Prices
from NGI's Daily Gas Price Index  January 24, 2012
The producer plans to "immediately" shut in 0.5 Bcf/d -- 9% of the nation's estimated natural gas production -- and said it may shut in up to 1 Bcf/d "if conditions warrant." ( more )

WSI: Winter's Chill Still to Come
from NGI's Daily Gas Price Index  January 24, 2012
Much of the nation's northern tier can expect temperatures to average colder-than-normal for the next three months, forecaster Weather Services International said. ( more )

EIA Sees Net NatGas Exports by 2021 Despite Cuts in Resource Estimates
from NGI's Daily Gas Price Index  January 24, 2012
Marcellus Shale resource estimates go from 410 Tcf to 141 Tcf. ( more )