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The count for both horizontal and vertical rigs in U.S tight formations has declining drastically from October 2014. This article discuss the declining rig count in the seven major Energy Information Administration (EIA) U.S. oil and natural gas regions.

As summer approaches, there are two things to know about natural gas prices in the New York/New England area. First, it is a difficult time to predict gas price movements in the Northeast. But in general, prices are down – and are likely to stay that way for this summer.

It’s hard to predict prices because there are a lot of new and unpredictable supply-and-demand dynamics across the country that are particularly pronounced in the Northeast. For instance, the explosion of shale gas production in the Marcellus and Utica shale regions.

PIERRE, S.D. (AP) — South Dakota residents were split Monday over the merits of allowing the Keystone XL oil pipeline through the state, with some telling regulators the project would be an economic engine but others calling it a grave threat to the environment.

More than 50 people offered their opinions on the state's portion of the pipeline during the three-hour South Dakota Public Utilities Commission session. The commission will make its decision after holding a final evidentiary hearing starting in late July.

The latest Annual Energy Outlook 2015 (AEO2015) prepared by the federal Energy Information Administration (EIA) presents long-term annual projections of energy supply, demand and prices through 2040. This analysis focuses on six scenarios: a reference case, low and high economic growth cases, low and high oil price cases, and the high oil and gas resource case.

Founded in 2000, Step-Ko Products, LLC is a global provider of corrosion protective products, with sales in over 42 countries. The Broussard, LA-company promotes flange protection products, pipeline corrosion protection, insulated enclosures, and pipeline markers for industrial and oil and gas applications.

Step-Ko Products was certified in the Small & Emerging Business Development Program in 2012 and has worked with LSBDC at UL Lafayette in receiving assistance with website development and industry specific software training.

LOUISVILLE, Ky. (AP) — Kentucky's largest electric power utility says a new natural gas-powered generating unit that has gone online is the first of its kind in the state.

Louisville Gas and Electric said Monday that the 640-megawatt unit at its Cane Run Generating Station in western Louisville is up and running. It replaces coal-burning units at the plant, which was built in the 1950s.

The Environmental Protection Agency’s proposed Clean Power Plan (CPP) establishes state-by-state carbon emissions rate targets that it projects will reduce U.S. electricity sector carbon emissions 30% below 2005 levels by 2030.

Some stakeholders, including the North American Electric Reliability Corp. (NERC), have raised concerns that states might rely heavily on natural gas generation for CPP compliance, creating stress on gas pipeline capacity and ultimately affecting electric system reliability.

Power and automation technology giant ABB last month opened a new factory in northwest Houston that will build fully integrated analyzer shelters for downstream oil and gas industry customers. The new 40,000-square-foot Analytical Systems Integration Facility will manufacture integrated shelters containing analyzer systems that are designed to help oil refineries and petrochemical plants maximize product quality. The new facility is one of ABB’s many recent investments in the U.S. Gulf Region.

TransCanada Corp. has written to U.S. Secretary of State John Kerry arguing that new Canadian rules on emissions should persuade him to approve the construction of the much-delayed Keystone XL pipeline.

The proposed $6.4 billion project would carry an estimated 830,000 bpd of Canadian crude oil per from Hardisty, Alberta, to Steele City, NE, then link up with Keystone’s existing line, which would take the oil on the final leg to the Texas coast of the Gulf of Mexico.

The federal Environmental Protection Agency on June 4 released a much-anticipated study of whether hydraulic fracturing contaminates drinking water supplies, concluding that while there have been some cases of contamination, the issue is not widespread.

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