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Big business turned out to be no match for a small neighborhood in east Fort Worth that had the tenacity to wage an all-out war against an intrusion that residents thought was unsafe and unfair.For 18 months, homeowners on Carter Avenue have been fighting to keep a 16-inch natural gas pipeline fr...
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Opec meets in Vienna tomorrow, with most analysts expecting the producer group, the source of more than a third of the world's crude supply, to maintain its official output target stable around $70."The market is looking for reasons to sell oil, and after the Opec meeting might be a decent excuse...
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Imagine this: A new technique for drilling into layers of a black rock called shale unlocks vast amounts of previously inaccessible natural gas.As the pace of drilling picks up, the price of natural gas drops while its importance to America’s energy future grows.This is the dramatic possibi...
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In May 1980, Exxon Mobil acquired Atlantic Richfield’s 60 percent interest in the Colony Oil Shale project in Colorado for $400 million. At the time the purchase was one step in an ambitious plan to invest $5 billion in oil shale development, a sum worth more than $11 billion in 2009 dollar...
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HOUSTON, Nov. 25 — Texon Petroleum Ltd., Brisbane, reported logging 142 ft of potential pay in Cretaceous Eagle Ford after deepening a vertical well completed in Cretaceous Olmos sand on the Leighton lease in northeastern McMullen County, Tex. The Tyler Ranch-4 well has been placed on produ...
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When the natural gas companies descended on Pennsylvania’s Marcellus Shale two years ago, it felt like a Gold Rush. And everyone seemed to be hitting pay dirt.Landowners, many in long-depressed regions, rushed to lease their property, betting the promised royalties would better their lot. M...
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Fortuna Energy will relinquish acreage it unfairly claimed from more than 300 Southern Tier property owners in the fight over the gas-rich Marcellus Shale, according to the state attorney general’s office.While the settlement centers on practices of Fortuna, Attorney General Andrew Cuomo ch...
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A blow out at the Chesapeake-operated Sumner H25-1 well in the Haynesville Shale play in Louisana left one worker dead and another seriously injured.The victim was identified today as 58-year-old James Dennis of Bullard, Texas.The injured man has been identified as 30-year-old Jimmy Siler a...
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The Bossier Shale hasn’t received as much attention as the higher-producing Haynesville Shale; but initial production results are encouraging enough that it also is expected to become a major player in the development of natural gas fields in parts of north Louisiana and east Texas, an indu...
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Natural gas has replaced oil as the kingpin of East Texas energy output.That fact was cemented in a $13 million investment by one of the world’s largest energy companies as it primes itself to be a major player in the development of the Haynesville Shale natural gas field that straddles Eas...
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Kinder Morgan Energy Partners and Copano Energy plan to form a joint venture to build a 22-mile natural-gas pipeline in south Texas’ Eagle Ford Shale, the companies said Friday.The project is expected to cost about $30 million, Kinder Morgan spokesman Joe Hollier said. The 24-inch pipe...
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US crude futures edged down just below $80 a barrel today, trading in the middle of recent ranges and taking cues from the dollar and weather in the US.The greenback was steady against a basket of currencies, while unseasonably warm weather in the north-eastern US implied soft demand for heating ...
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The state Department of Environmental Protection is reviewing permit applications associated with at least 12 different proposals to build treatment plants for chemical-tainted wastewater from natural gas drilling operations in northern Pennsylvania.Ten of the plants are proposed in DEP...
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Carbon dioxide puts the fizz in soft drinks. Denbury Resources, a Plano-based oil producer, relies on carbon dioxide to add fizz to its bottom line.Denbury made headlines recently with its agreement to buy Encore Acquisition Co., a Fort Worth-based energy company, in a deal valued at $4.5 billion...
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There are a lot of options when it comes to job opportunities in the oil and natural gas industry.While the economic downturn has slowed oil and natural gas activity throughout most of the country, the Haynesville Shale natural gas deposit has kept companies in northwest Louisiana. And they all n...
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Northwest Louisiana residents have heard repeatedly over the past year or so how fortunate this region is to have the Haynesville Shale and its financial fortunes act as somewhat of a buffer to the national recession.Energy specialist Loren C. Scott echoed that today in a luncheon speech before 5...
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People got a crash course Friday on obligations regarding mineral leases."Obligations After the Lease Including Royalties," by oil and natural gas attorney Paul Strickland, was one of the most popular breakout sessions of the Haynesville Shale Expo. Well more than 100 people filed into one of the...
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Crews testing the ground for potential gas drilling recently wrapped up work in and around Denton’s South Lakes Park, but city officials say no wells are planned at the park.The seismic testing — a spectacle of trucks, cables and other equipment — was for a potential gas well si...
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Crude clung on today to most of its previous session gains of 3%, hovering near $79 a barrel as Asian equities hit 15-month highs and investors watched for the dollar and US data to provide clues to fresh direction.Oil prices rallied today as a weaker dollar encouraged hedging activities, while b...
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US crude trade eased today, touching its lowest level in almost a month as bulging fuel inventories in the US highlighted the weakness of demand.By 1330 GMT, US crude futures were down 20 cents at $76.74 a barrel, having fallen by more than $2 in the previous session. In Asian trade today, prices...
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Should Cornell University use its power to advocate for stricter regulation of gas drilling in the Marcellus Shale, or should the university remain an unbiased provider of scientific information?Those were among the issues debated by Cornell’s Faculty Senate on Wednesday, as the body consid...
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CLEARFIELD - Marcellus Shale wells are not a dead issue in Clearfield County.At Monday’s Conservation District meeting, Conservation Technician Fred Berry said there has been an increase in gas well drilling activity. He said some of the companies are from Texas, Utah and Louisiana and are ...
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Natural gas is a fossil fuel, like coal or oil. Like coal, the United States has significant domestic reserves of natural gas. Natural gas also emits less carbon than other fossil fuels, and is convenient to use in many ways—it can be blown through pipes as a gas, or liquefied for compact s...
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A lawsuit filed by the Colorado Oil & Gas Association against the state over Colorado’s new oil and gas rules is again moving ahead, after months of waiting by the parties involved.Denver District Court Judge Herbert Stern III on Tuesday issued three rulings governing how the case would...
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Rico town council member Matt Downer remembers his excitement when he saw a map showing that his town might sit on top of some of the state’s hottest geothermal resources.“This could really be awesome for the town and for the region,” he said, thinking of the potential for takin...
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A legal fight over ownership of mountain stone — and whether property owners can stop removal of the decorative rocks by others who hold mineral rights to their land — goes to trial before a Tennessee judge Tuesday.They key question may be: Is a rock a mineral?Ed Lewis and four other ...
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Testimony began Monday in a trial that could decide whether gas drilling will be allowed at Rayzor Ranch.The trial, which was set to continue this morning, centers on whether Fort Worth-based Range Production Co. still has the right to drill at the west Denton mixed-use development. The Denton Ci...
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Oil climbed back above $80 a barrel today, in line with gains across financial markets as dealers anticipated the latest batch of data, expected to show a slow-down in unemployment in the world's biggest economy.US crude for December delivery rose 45 cents to $80.07 a barrel by 1025 GMT, after sh...
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State regulators are fining a Houston-based company because its natural-gas drilling operations polluted residents’ water wells in northeastern Pennsylvania.Department of Environmental Protection officials said Wednesday that Cabot Oil & Gas Corp. is paying $120,000 in connection with i...
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Nearly 1,600 Marcellus Shale gas well drilling permits have been issued by the state so far this year, more than triple the number issued in all of 2008.The statistics, compiled by the state Department of Environmental Protection, show that about one-third of the permitting activity this yea...
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Chesapeake Energy just made a brilliant move in promising not to drill for gas in the New York City reservoir watershed. It’s not a prime site in the Marcellus Shale, and the difficulties of installing distribution pipelines would be monumental.The state’s push for adequate environmen...
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