The New York Department of Environmental Conservation (DEC) has recently issued proposals for regulations that would affect hydraulic fracturing activity occurring in the portion of Marcellus shale that exists in New York.
Macquarie Equities Research maintained its OUTPERFORM rating for Bellatrix Exploration (BXE:TSX) but reduced its target share price to $6.25 from $7.00.
The Upper Devonian geologic, which lies just above the giant Marcellus shale, potentially holds as much gas as the Marcellus, a top manager at Range Resources said recently.
Investment dealer Dundee Securities reaffirmed its BUY rating for Tamarack Valley Energy (TVE:TSX) as well as its target share price of C$0.70.
Renegade Petroleum (RPL:TSXV) recently increased its credit line to C$80 million from C$65 million and shook up its management team by replacing its executive vice president of exploration.
The horizontal wells drilled by junior oil and gas company RMP Energy (RMP:TSX) in the Montney formation indicated test rates of 1,863 barrels of oil equivalent per day (boe/d), 1,413 boe/d and 434 boe/d.
Calgary-based junior exploration and production company Cequence Energy Ltd. (CQE:TSX) reported cash flow per share (CFPS) of C$0.07 for 3Q11 and production of 9,745 barrels of oil equivalent per day.
Front-month natural gas futures for the U.S. fell to their lowest point in 11 months on September 22, then climbed slightly after the release of a report which showed that inventories increased slightly-less-than-expected.
