A Bentek Energy analyst told a symposium that utilities in the U.S. -– at an average of more than 30 billion cubic feet per day -- were burning more natural gas than predicted for the week and the month, Platts reports, noting that the development could push prices higher.
FORT WORTH, Texas (AP) — A natural gas extraction company controlled by energy giant Exxon Mobil sought to prove Wednesday that it is not to blame for a recent rash of small earthquakes in North Texas, telling a powerful state agency that it believes the earthquakes occurred naturally.
XTO Energy submitted evidence to the Texas Railroad Commission, which regulates the state's massive oil and gas industry, during a hearing that will test the agency's willingness to suspend permits for injection wells based on seismology. The wells store wastewater from hydraulic fracturing, which has opened vast reserves of natural gas in North Texas but critics blame for causing small earthquakes.
MEXICO CITY (AP) — Mexico's state-owned oil company says it found four shallow-water offshore oil and gas fields in the Gulf of Mexico with total possible reserves of 350 million barrels of crude equivalent.
The Pemex company did not say how much of that total were proven or probable reserves.
Testifying Wednesday before the Texas Railroad Commission, which regulates oil and gas operations, representatives of Exxon Mobil subsidiary XTO Energy said the earthquakes that have been taking place in the Dallas area are due entirely to natural causes, The Wall Street Journal reports.
At a ribbon-cutting ceremony for a $200 million expansion on its La Porte gas plant in Texas, a top Linde executive said the company plans more investment to take advantage of cheap shale gas, FuelFix reports.
NEW YORK (AP) — A poorly crafted joint in a plastic Consolidated Edison gas line and an 8-year-old break in an old city sewer line were the likely causes of an explosion that killed eight people in New York City last year, federal investigators said Tuesday.
The weakness of the plastic pipe joint was exposed because the soil that supported it was washed away by groundwater flowing into a gaping hole in the brick sewer line, the National Transportation Safety Board said.
HOUSTON (AP) — Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by seven this week to 868.
Houston-based Baker Hughes said Friday 642 rigs were seeking oil and 222 explored for natural gas. Four were listed as miscellaneous. A year ago, with oil prices nearly double the current levels, 1,860 rigs were active.
Hydraulic fracturing does not inherently contaminate groundwater supplies, according to a draft Environmental Protection Agency report released Thursday, but opponents of the process found enough evidence to cite the report as proof that fracking can't be considered safe.
The 998-page draft assessment finds that, even though fracking and related activities have had “no systemic, widespread impact” on drinking water, there has been a limited number of instances in which fracking-related activities such as well integrity and wastewater disposal have been linked to drinking water impacts, including well contamination.
The rebound in oil prices following Wednesday’s slump was wiped out late Thursday by news of a jump in the number of rigs drilling for oil in the U.S. Light, sweet crude for August delivery settled down 3 cents to $56.93 a barrel on the Nymex, while in London, Brent finished up 6 cents to $62.07, Dow Jones reports.
The Grain Belt Express, a $2.2 billion transmission line proposed by Clean Line Energy to bring wind power from Kansas to points east, through Missouri, has been rejected by the Missouri Public Service Commission, The Kansas City Star reports.
A $15,000 grant from the Environmental Protection Agency to fund research into cutting particulate emissions from barbecues has attracted criticism from Sen. Rob Portman, R-Ohio, who declared his constituents “should be able to grill in peace,” The Hill reports.
The U.S. role in Copenhagen climate talks in 2009, and media coverage of it, had Secretary of State Hillary Clinton’s attention, judging from the emails released by the State Department this week, E&E reports.
After last month’s pipeline leak near Santa Barbara, Calif., the Pipeline and Hazardous Materials Safety Administration is proposing a requirement that operators notify regulators within an hour of any problem, The Hill reports.