The New York Times: Colorado Court Strikes Down Local Bans on Fracking - "Colorado’s Supreme Court on Monday struck down local government prohibitions on hydraulic fracturing, or fracking, handing oil and gas companies a victory in a lengthy battle over energy production in the environmentally conscious state. In separate rulings, the court said a moratorium in Fort Collins and a ban inLongmont were invalid because state law..."
Reuters: Oil Could Cruise to $50 But Struggle Beyond That - "Few technical barriers may stop crude oil's charge toward $50 a barrel although stiffer resistance before $55 could spark profit-taking on the market's biggest rebound in two years, chart analysts said on Friday. Crude prices have surged nearly 80 percent from 12-year lows of around $27 a barrel hit by global benchmark Brent in late January and..."
Forbes: WoodMac: Low Oil Prices Will Lead to Shortages - in 2035 - "OMG guys we’re running out of oil! In 2035. That’s right, if oil companies don’t get their act together and start exploring for more crude, the world might not have enough oil to meet demand. Twenty years from now. It seems almost comical to consider given today’s glut of the stuff. But the analysts at Wood Mackenzie warn..."
ShaleOhio: Columbus Steel Plant Closing Linked to Oil and Gas Downturn - "The downturn in the oil and natural gas industry has played a role in the impending closure of the Columbus Castings’ steel plant in Columbus, Ohio, reports Business First. The Columbus newspaper says a resurgence at the plant had been tied to a rise in the rail industry driven by..."
The Daily Caller: Feds: Fracking Saves Average American $750 Each Year - "Cheap energy provided by hydraulic fracturing, or fracking, lowered the annual cost of living for the average American by almost $750, according to a report published Tuesday by the Energy Information Administration (EIA). The EIA report estimates that falling energy prices due to fracking for oil and natural gas have saved the average American household $747.30 annually since..."
SNL: After the Boom: The Well Runs Dry for the Little Guy - "There were sad faces in sunny Happy Valley. Small-business owners hoping to stay afloat as vendors to the big boys in the natural gas supply chain wanted to hear at an April conference that prices and drilling were coming back. They were disappointed to learn they have another year, at least, to wait. BTU Analytics revealed a $3.50/MMBtu long-term price forecast, but that will not..."
Forbes: When Anything Could Be the "Next Tobacco" - "Which brings us to the latest iteration of this cycle, in which the usual suspects, including state officials and activist groups, are lining up to make oil and gas the next tobacco. New York Attorney General Eric Schneiderman, along with his colleagues in several other states and..."
Reuters: ETE, Williams Give SEC More Time to Review Their Deal - "Energy Transfer Equity LP (ETE.N) and Williams Companies Inc (WMB.N) agreed on Tuesday to change an administrative requirement for their $20 billion-deal to give U.S. regulators additional time to complete their review of the tie-up. The new timeline may give Energy Transfer time to renegotiate terms of the deal ahead of June 28 - the deadline for..."
Seeking Alpha: Energy Transfer Partners LP (ETP) Kelcy L. Warren on Q1 2016 Results - Earnings Call Transcript - "Now, for ETP's first quarter results, please note, as a result of the Regency merger, which was a combination of entities under common control, ETP's financial results have been retrospectively adjusted to reflect the consolidation of Regency. Adjusted EBITDA on a consolidated basis totaled..."
Press release: Rice Energy Reports First Quarter 2016 Financial and Operating Results - "Rice Energy Inc. (NYSE: RICE) ("Rice Energy") today reported first quarter 2016 financial and operating results. Highlights to date include: First quarter net production averaged 675 MMcfe/d, a 53% increase over the prior year quarter and an 8% increase relative to fourth quarter 2015 Increased Adjusted EBITDAX(1) by 30% over the prior year quarter to $109 million Continued efficiency gains and service cost reductions lead to lower well costs of $925 per lateral foot in..."
Press release: Eclipse Resources Corporation Announces First Quarter 2016 Results and Provides Extended Reach Lateral Update - "Eclipse Resources Corporation (NYSE:ECR) (the “Company” or “Eclipse Resources”) today announced its first quarter 2016 financial and operational results, second quarter and full year 2016 guidance, and provided an update on its extended reach lateral well..."
Forbes: What The Failed Halliburton-Baker Hughes Deal Means For The Oil Service Industry - "The straightforward explanation is that investors felt the deal was unlikely to go through, or would not yield favorable results if it did. Which raises the question of what they knew (or believed) that the two companies’ executives did not? Most likely, they expected..."
Energy in Depth: Oklahoma Earthquakes Down More than 50 Percent Since January 2016 - "The number of earthquakes in Oklahoma fell by 52 percent between January and April of this year, according to an Energy In Depth review of data from the Oklahoma Geological Survey. The data also show the number of monthly earthquakes has fallen by 55 percent since a June 2015..."
NAM: New Study Shows Manufacturing Demand for Natural Gas Will Grow - "Today, the National Association of Manufacturers (NAM) Center for Manufacturing Research and IHS Economics released a new comprehensive study that reveals how natural gas has strengthened manufacturing and encouraged U.S. manufacturing growth and employment and highlights the positive impact to communities around the..."
Press release: CHESAPEAKE ENERGY CORPORATION REPORTS 2016 FIRST QUARTER FINANCIAL AND OPERATIONAL RESULTS - "We are pleased this morning to announce approximately $500 million of incremental asset sales above the $700 million we announced in late February. The STACK acreage sale we are announcing today accelerates value from a portion of our undeveloped..."
Seeking Alpha: Chesapeake Energy (CHK) Robert Douglas Lawler on Q1 2016 Results - Earnings Call Transcript - "We continue to make solid progress in reducing our cost, strengthening our balance sheet and optimizing our portfolio. Starting with the portfolio, year-to-date we've closed or have under signed purchase and..."
Forbes: Is Fracking for Gas as Dirty as Coal? - "Coal and natural gas together produce two-thirds of our electricity, almost equally split between them. Nuclear produces 19%, hydro produces 7%, and renewables about 7%. Oil produces even more energy than either coal or gas, but it is used almost entirely for..."
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