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Tag Archives: natural gas production

Mild summer cuts air conditioning, lowers electricity costs

energy meter

HARTFORD, Conn. — The mild summer so far has allowed New Englanders to often turn off their air conditioners, helping cut costs with reduced demand for electricity. An abundance of natural gas and more efficient power plants have helped reduce the wholesale price of energy, a respite from soaring heating costs in the winter, said ISO-New England, the region’s grid ...

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Northern Panhandle natural gas production tripled in 2 years

WHEELING, W.Va. — New statistics show that production in the Northern Panhandle natural gas fields has nearly tripled in two years. The Intelligencer and Wheeling News-Register reports that West Virginia Geological and Economic Survey statistics show drillers pumped nearly three times as much natural gas in the region during 2014 compared to 2012. Ohio County has seen one of the largest ...

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Pirates and hold-ups: crime strikes Venezuela’s oil industry

MARACAIBO, Venezuela – When night falls over western Venezuela, armed gangs known as “pirates” sometimes ride boats into muggy Lake Maracaibo to steal equipment from oil wells. In the country’s Paraguana peninsula, opposite the Caribbean island of Aruba, slum dwellers at times break through a perimeter wall into Venezuela’s biggest refinery and rob machinery, construction tools, and cables to sell ...

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Valley production up in 1Q 2015

YOUNGSTOWN – Oil and natural-gas production in the Mahoning Valley increased in the first quarter of 2015. The Valley produced 89,880 barrels of oil and 10,475,656 cubic feet of natural gas, or Mcf, according to figures released Monday by the Ohio Department of Natural Resources. The latest figures are a jump from the first quarter of 2014 with 49,535 barrels ...

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Has OPEC been out-gased?

How does New Mexico rank among natural gas producers? According to a ranking form The American Petroleum institute, the state not only dominates the U.S. natural gas market, but also outranks six OPEC nations. The ranking accounts for data from 2012, the most recent year offering consistent international data. For purposes of data comparison, the report ranks U.S. states against ...

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More Utica land for sale

magnum

Another company operating in the Utica Shale formation has decided to put its land on the market. Magnum Hunter Resources Corp. announced on Tuesday that it will be selling 5,210 acres of undeveloped land located in Tyler County, West Virginia.  The company’s CEO Gary Evans explained that the acreage is not in the company’s long-term drilling plans and that several ...

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One midstream company might be changing things up a bit

Cone Midstream Partners, the child company to Consol Energy Inc. and Noble Energy Inc., shared that it may be picking up some new assets and allowing other companies to use its pipelines. On Monday during a phone call with analysts, Cone Midstream’s CEO and Chairman John Lewis expressed that Cone is expected to meet and possibly exceed its growth projections.  ...

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Dominion’s SCO natural gas price drops to 34-year historic low

dominion

Beacon Journal business writer The price of natural gas has tumbled to a 34-year historic low for residential customers who buy their gas through a Dominion East Ohio supplier. Effective with bills on May 13, the monthly natural gas price for residential customers who have chosen Dominion’s Standard Choice Offer (SCO), or those who don’t choose their own supplier, will ...

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