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	<title>Marcellus Drilling News &#187; Commodity Price</title>
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	<link>http://marcellusdrilling.com</link>
	<description>Landowner News &#38; Resources - Drilling for Natural Gas in the Marcellus Shale</description>
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		<title>Predicting the Price (and Production) of Natural Gas</title>
		<link>http://marcellusdrilling.com/2012/02/predicting-the-price-and-production-of-natural-gas/</link>
		<comments>http://marcellusdrilling.com/2012/02/predicting-the-price-and-production-of-natural-gas/#comments</comments>
		<pubDate>Thu, 02 Feb 2012 13:41:00 +0000</pubDate>
		<dc:creator>Jim</dc:creator>
				<category><![CDATA[Commodity Price]]></category>
		<category><![CDATA[Industrywide Issues]]></category>

		<guid isPermaLink="false">http://marcellusdrilling.com/?p=5927</guid>
		<description><![CDATA[According to David Sterman, a 20-year investment analyst writing on the Seeking Alpha website, the commodity price for natural gas has likely bottomed out in the U.S. and will now slowly rebound. Natural gas is currently trading around $2.45 per thousand cubic feet (mcf). Goldman Sachs believes by the end of this year prices should [...]]]></description>
		<wfw:commentRss>http://marcellusdrilling.com/2012/02/predicting-the-price-and-production-of-natural-gas/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Range&#8217;s Wet Gas Drilling Location &amp; Dry Gas Drilling Timeline</title>
		<link>http://marcellusdrilling.com/2012/01/ranges-wet-gas-drilling-location-dry-gas-drilling-timeline/</link>
		<comments>http://marcellusdrilling.com/2012/01/ranges-wet-gas-drilling-location-dry-gas-drilling-timeline/#comments</comments>
		<pubDate>Tue, 31 Jan 2012 14:07:00 +0000</pubDate>
		<dc:creator>Jim</dc:creator>
				<category><![CDATA[Commodity Price]]></category>
		<category><![CDATA[Energy Companies]]></category>
		<category><![CDATA[Industrywide Issues]]></category>
		<category><![CDATA[Pennsylvania]]></category>
		<category><![CDATA[Range Resources Corp]]></category>
		<category><![CDATA[Washington County]]></category>

		<guid isPermaLink="false">http://marcellusdrilling.com/?p=5883</guid>
		<description><![CDATA[The talk coming from the largest drillers in the Marcellus Shale is that they will scale back drilling activities in the dry (methane only) portions of the Marcellus Shale play and instead focus on the wet (liquids-rich) portion. Ever wonder where, exactly, the liquids-rich area can be found? We now know where it is for [...]]]></description>
		<wfw:commentRss>http://marcellusdrilling.com/2012/01/ranges-wet-gas-drilling-location-dry-gas-drilling-timeline/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>EIA Issues Early Release Summary of Annual Energy Outlook</title>
		<link>http://marcellusdrilling.com/2012/01/eia-issues-early-release-summary-of-annual-energy-outlook/</link>
		<comments>http://marcellusdrilling.com/2012/01/eia-issues-early-release-summary-of-annual-energy-outlook/#comments</comments>
		<pubDate>Tue, 24 Jan 2012 13:50:00 +0000</pubDate>
		<dc:creator>Jim</dc:creator>
				<category><![CDATA[Commodity Price]]></category>
		<category><![CDATA[Economic Impact]]></category>
		<category><![CDATA[Exporting]]></category>
		<category><![CDATA[Industrywide Issues]]></category>

		<guid isPermaLink="false">http://marcellusdrilling.com/?p=5745</guid>
		<description><![CDATA[Yesterday, the U.S. Energy Information Association (EIA) issued the 2012 Annual Energy Outlook (AEO2012) Early Release Reference case, which provides updated projections for U.S. energy markets through 2035 (a copy is embedded below). This Early Release Overview assumes no changes in current laws and regulations and is the prelude to the full AEO due out [...]]]></description>
		<wfw:commentRss>http://marcellusdrilling.com/2012/01/eia-issues-early-release-summary-of-annual-energy-outlook/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>NG Prices React to Chesapeake&#8217;s Announcement to Cut Production</title>
		<link>http://marcellusdrilling.com/2012/01/ng-prices-react-to-chesapeakes-announcement-to-cut-production/</link>
		<comments>http://marcellusdrilling.com/2012/01/ng-prices-react-to-chesapeakes-announcement-to-cut-production/#comments</comments>
		<pubDate>Tue, 24 Jan 2012 13:48:00 +0000</pubDate>
		<dc:creator>Jim</dc:creator>
				<category><![CDATA[Chesapeake Energy]]></category>
		<category><![CDATA[Commodity Price]]></category>
		<category><![CDATA[Energy Companies]]></category>
		<category><![CDATA[Industrywide Issues]]></category>

		<guid isPermaLink="false">http://marcellusdrilling.com/?p=5750</guid>
		<description><![CDATA[Yesterday, MDN told you about Chesapeake Energy’s major announcement that they will reduce capital spending on dry natural gas, or methane-only production, by 70 percent this year (see this MDN story). Chesapeake is also shutting down 9 percent of their domestic production, some 0.5 billion cubic feet of natural gas per day, which represents 1.5 [...]]]></description>
		<wfw:commentRss>http://marcellusdrilling.com/2012/01/ng-prices-react-to-chesapeakes-announcement-to-cut-production/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Is the Shale Rush Almost Over? One Analyst Says Yes</title>
		<link>http://marcellusdrilling.com/2012/01/is-the-shale-rush-almost-over-one-analyst-says-yes/</link>
		<comments>http://marcellusdrilling.com/2012/01/is-the-shale-rush-almost-over-one-analyst-says-yes/#comments</comments>
		<pubDate>Mon, 16 Jan 2012 13:15:00 +0000</pubDate>
		<dc:creator>Jim</dc:creator>
				<category><![CDATA[Commodity Price]]></category>
		<category><![CDATA[Exporting]]></category>
		<category><![CDATA[Industrywide Issues]]></category>

		<guid isPermaLink="false">http://marcellusdrilling.com/?p=5544</guid>
		<description><![CDATA[Jack Barnes, writing for Money Morning, analyzes the price of natural gas and why it’s so low—and what it ultimately means. He says that numerous shale plays in the U.S. do contribute to an overabundance of supply. But the real culprit, according to Barnes, is that major drillers are going after natural gas liquids (NGL), [...]]]></description>
		<wfw:commentRss>http://marcellusdrilling.com/2012/01/is-the-shale-rush-almost-over-one-analyst-says-yes/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Marcellus Shale Means NJ Residents Heating Bills Vastly Lower</title>
		<link>http://marcellusdrilling.com/2011/12/marcellus-shale-means-nj-residents-heating-bills-vastly-lower/</link>
		<comments>http://marcellusdrilling.com/2011/12/marcellus-shale-means-nj-residents-heating-bills-vastly-lower/#comments</comments>
		<pubDate>Mon, 19 Dec 2011 13:40:00 +0000</pubDate>
		<dc:creator>Jim</dc:creator>
				<category><![CDATA[Commodity Price]]></category>
		<category><![CDATA[Economic Impact]]></category>
		<category><![CDATA[Hydraulic Fracturing]]></category>
		<category><![CDATA[Industrywide Issues]]></category>

		<guid isPermaLink="false">http://marcellusdrilling.com/?p=5141</guid>
		<description><![CDATA[Even though there is no fracking of natural gas wells in New Jersey, residents of that state are enjoying much lower heating bills this winter because of fracking. In fact, according to the AARP, using natural gas for heating costs about one-fifth of what it costs using oil. Why? The Marcellus Shale. Public Service Electric [...]]]></description>
		<wfw:commentRss>http://marcellusdrilling.com/2011/12/marcellus-shale-means-nj-residents-heating-bills-vastly-lower/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Natural Gas Now Least Expensive Way to Generate Electricity</title>
		<link>http://marcellusdrilling.com/2011/11/natural-gas-now-least-expensive-way-to-generate-electricity/</link>
		<comments>http://marcellusdrilling.com/2011/11/natural-gas-now-least-expensive-way-to-generate-electricity/#comments</comments>
		<pubDate>Wed, 02 Nov 2011 12:49:00 +0000</pubDate>
		<dc:creator>Jim</dc:creator>
				<category><![CDATA[Commodity Price]]></category>
		<category><![CDATA[Economic Impact]]></category>
		<category><![CDATA[Industrywide Issues]]></category>

		<guid isPermaLink="false">http://marcellusdrilling.com/?p=4626</guid>
		<description><![CDATA[Jack Kelly had an excellent column in Sunday’s Pittsburgh Post-Gazette. It starts out with a brief history of the discovery of oil in the U.S. and moves to shale gas and points out that shale gas is an even bigger game changer than oil was. Did you know that natural gas is now the cheapest [...]]]></description>
		<wfw:commentRss>http://marcellusdrilling.com/2011/11/natural-gas-now-least-expensive-way-to-generate-electricity/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Marcellus Shale Gas Leads to Lower Prices for PA Consumers</title>
		<link>http://marcellusdrilling.com/2011/11/marcellus-shale-gas-leads-to-lower-prices-for-pa-consumers/</link>
		<comments>http://marcellusdrilling.com/2011/11/marcellus-shale-gas-leads-to-lower-prices-for-pa-consumers/#comments</comments>
		<pubDate>Tue, 01 Nov 2011 11:13:00 +0000</pubDate>
		<dc:creator>Jim</dc:creator>
				<category><![CDATA[Commodity Price]]></category>
		<category><![CDATA[Economic Impact]]></category>
		<category><![CDATA[Industrywide Issues]]></category>
		<category><![CDATA[Pennsylvania]]></category>
		<category><![CDATA[Statewide PA]]></category>

		<guid isPermaLink="false">http://marcellusdrilling.com/?p=4612</guid>
		<description><![CDATA[One of the arguments in favor of shale gas drilling is that it will create more supply leading to lower prices for consumers (that’s Economics 101 for the Occupy economic illiterates). Those opposed to drilling scoff and say it won’t happen, that the big, bad energy companies will rig the system to keep prices, and [...]]]></description>
		<wfw:commentRss>http://marcellusdrilling.com/2011/11/marcellus-shale-gas-leads-to-lower-prices-for-pa-consumers/feed/</wfw:commentRss>
		<slash:comments>5</slash:comments>
		</item>
		<item>
		<title>What Those Opposed to Gas Drilling Really Fear</title>
		<link>http://marcellusdrilling.com/2011/09/what-those-opposed-to-gas-drilling-really-fear/</link>
		<comments>http://marcellusdrilling.com/2011/09/what-those-opposed-to-gas-drilling-really-fear/#comments</comments>
		<pubDate>Wed, 21 Sep 2011 12:35:00 +0000</pubDate>
		<dc:creator>Jim</dc:creator>
				<category><![CDATA[Commodity Price]]></category>
		<category><![CDATA[Hydraulic Fracturing]]></category>
		<category><![CDATA[Industrywide Issues]]></category>

		<guid isPermaLink="false">http://marcellusdrilling.com/?p=4078</guid>
		<description><![CDATA[Dave McCurdy is president and CEO of the American Gas Association. He’s also a former congressman (Democrat) from Oklahoma. In an interview with the Washington Times, he minces no words and says what MDN has been saying all along: Those opposed to shale gas drilling are motivated by an ideology, a preference for renewable energy. [...]]]></description>
		<wfw:commentRss>http://marcellusdrilling.com/2011/09/what-those-opposed-to-gas-drilling-really-fear/feed/</wfw:commentRss>
		<slash:comments>9</slash:comments>
		</item>
		<item>
		<title>Wind Farm Project Canceled Due to Cheap Marcellus Gas</title>
		<link>http://marcellusdrilling.com/2011/09/wind-farm-project-canceled-due-to-cheap-marcellus-gas/</link>
		<comments>http://marcellusdrilling.com/2011/09/wind-farm-project-canceled-due-to-cheap-marcellus-gas/#comments</comments>
		<pubDate>Mon, 19 Sep 2011 12:39:00 +0000</pubDate>
		<dc:creator>Jim</dc:creator>
				<category><![CDATA[Commodity Price]]></category>
		<category><![CDATA[Economic Impact]]></category>
		<category><![CDATA[Industrywide Issues]]></category>
		<category><![CDATA[New York]]></category>
		<category><![CDATA[Statewide NY]]></category>

		<guid isPermaLink="false">http://marcellusdrilling.com/?p=4052</guid>
		<description><![CDATA[Those who oppose natural gas drilling do so because it threatens their ideology that renewable energy should be the only available option. Renewable energy supporters don’t seem to care that it costs 3-5 times more (that’s 300-500 percent more) for electricity from renewable sources than from fossil fuel sources. Rather than celebrate our good fortune [...]]]></description>
		<wfw:commentRss>http://marcellusdrilling.com/2011/09/wind-farm-project-canceled-due-to-cheap-marcellus-gas/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Fracking Creates an Oil Boom &#8211; Now More Oil than Gas Rigs</title>
		<link>http://marcellusdrilling.com/2011/08/fracking-creates-an-oil-boom-now-more-oil-than-gas-rigs/</link>
		<comments>http://marcellusdrilling.com/2011/08/fracking-creates-an-oil-boom-now-more-oil-than-gas-rigs/#comments</comments>
		<pubDate>Thu, 18 Aug 2011 12:47:00 +0000</pubDate>
		<dc:creator>Jim</dc:creator>
				<category><![CDATA[Commodity Price]]></category>
		<category><![CDATA[Hydraulic Fracturing]]></category>
		<category><![CDATA[Industrywide Issues]]></category>

		<guid isPermaLink="false">http://marcellusdrilling.com/?p=3827</guid>
		<description><![CDATA[Turns out that horizontal hydraulic fracturing, the process used to get natural gas from shale layers, is also a renaissance for oil production as well. According to the latest figures, the number of rigs drilling for oil in the U.S. has just surpassed the number of rigs drilling for natural gas—for the first time in [...]]]></description>
		<wfw:commentRss>http://marcellusdrilling.com/2011/08/fracking-creates-an-oil-boom-now-more-oil-than-gas-rigs/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Marcellus Shale Gas May Soon be Exported &#8211; To California</title>
		<link>http://marcellusdrilling.com/2011/07/marcellus-shale-gas-may-soon-be-exported-to-california/</link>
		<comments>http://marcellusdrilling.com/2011/07/marcellus-shale-gas-may-soon-be-exported-to-california/#comments</comments>
		<pubDate>Thu, 07 Jul 2011 10:51:00 +0000</pubDate>
		<dc:creator>Jim</dc:creator>
				<category><![CDATA[Commodity Price]]></category>
		<category><![CDATA[Energy Services]]></category>
		<category><![CDATA[Exporting]]></category>
		<category><![CDATA[Industrywide Issues]]></category>
		<category><![CDATA[Kinder Morgan]]></category>
		<category><![CDATA[Pipelines]]></category>

		<guid isPermaLink="false">http://marcellusdrilling.com/?p=3256</guid>
		<description><![CDATA[In an astonishing reversal, the operator of a natural gas pipeline that spans the United States is proposing to change the direction the gas flows through the pipeline in order to sell shale gas from the Eastern U.S., particularly the Marcellus, to the Midwest and Western U.S. Kinder Morgan Energy Partners LP (KMP) billed its [...]]]></description>
		<wfw:commentRss>http://marcellusdrilling.com/2011/07/marcellus-shale-gas-may-soon-be-exported-to-california/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Prospects for Continued Expansion of Marcellus Drilling &#8211; Some Companies Cooling on Shale Gas Drilling</title>
		<link>http://marcellusdrilling.com/2011/05/the-prospects-for-continued-expansion-of-marcellus-drilling-some-companies-cooling-on-shale-gas-drilling/</link>
		<comments>http://marcellusdrilling.com/2011/05/the-prospects-for-continued-expansion-of-marcellus-drilling-some-companies-cooling-on-shale-gas-drilling/#comments</comments>
		<pubDate>Wed, 04 May 2011 11:13:00 +0000</pubDate>
		<dc:creator>Jim</dc:creator>
				<category><![CDATA[Commodity Price]]></category>
		<category><![CDATA[Industrywide Issues]]></category>

		<guid isPermaLink="false">http://marcellusdrilling.com/?p=2547</guid>
		<description><![CDATA[Will drilling in the Marcellus Shale, or other shale plays for that matter, continue its red-hot growth? The honest answer is, who knows? It depends on whether or not it’s profitable for energy companies to continue their shale gas drilling expansion. Right now, it appears that at least some companies are leaning away from further [...]]]></description>
		<wfw:commentRss>http://marcellusdrilling.com/2011/05/the-prospects-for-continued-expansion-of-marcellus-drilling-some-companies-cooling-on-shale-gas-drilling/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Chesapeake Energy Paying $2,500 per Acre to Lease Utica Shale</title>
		<link>http://marcellusdrilling.com/2011/04/chesapeake-energy-paying-2500-per-acre-to-lease-utica-shale/</link>
		<comments>http://marcellusdrilling.com/2011/04/chesapeake-energy-paying-2500-per-acre-to-lease-utica-shale/#comments</comments>
		<pubDate>Mon, 11 Apr 2011 11:10:00 +0000</pubDate>
		<dc:creator>Jim</dc:creator>
				<category><![CDATA[Chesapeake Energy]]></category>
		<category><![CDATA[Commodity Price]]></category>
		<category><![CDATA[Energy Companies]]></category>
		<category><![CDATA[Industrywide Issues]]></category>
		<category><![CDATA[Lease & Royalty Payments]]></category>
		<category><![CDATA[Utica Shale]]></category>

		<guid isPermaLink="false">http://marcellusdrilling.com/?p=2384</guid>
		<description><![CDATA[An article on the Forbes website covers a recent energy conference held by Yale alumni. The focus of the article is on how America’s shale gas has turned around chemical companies. But MDN found this interesting paragraph talking about the Utica Shale: Shale gas is expected to supply 45% of&#160; the U.S. market by 2025. [...]]]></description>
		<wfw:commentRss>http://marcellusdrilling.com/2011/04/chesapeake-energy-paying-2500-per-acre-to-lease-utica-shale/feed/</wfw:commentRss>
		<slash:comments>5</slash:comments>
		</item>
		<item>
		<title>Shale Gas Keeps Heating Prices Low for Homeowners</title>
		<link>http://marcellusdrilling.com/2011/03/shale-gas-keeps-heating-prices-low-for-homeowners/</link>
		<comments>http://marcellusdrilling.com/2011/03/shale-gas-keeps-heating-prices-low-for-homeowners/#comments</comments>
		<pubDate>Mon, 28 Mar 2011 11:14:00 +0000</pubDate>
		<dc:creator>Jim</dc:creator>
				<category><![CDATA[Commodity Price]]></category>
		<category><![CDATA[Industrywide Issues]]></category>

		<guid isPermaLink="false">http://marcellusdrilling.com/?p=2172</guid>
		<description><![CDATA[Is it time for homeowners to switch from heating with oil to heating with natural gas? More and more are doing just that. While the cost to heat with the two fuels has occasionally been close since 1990 (though gas has usually been cheaper), recent developments say that heating oil may remain significantly more expensive [...]]]></description>
		<wfw:commentRss>http://marcellusdrilling.com/2011/03/shale-gas-keeps-heating-prices-low-for-homeowners/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
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