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The natural gas storage report from the EIA for the week ending February 5th indicated that the amount of natural gas held in underground storage in the US fell by 171 billion cubic feet to 2,518 billion cubic feet by the end of the week, which left our gas supplies 9 billion cubic feet, or 0.4% below the 2,527 billion cubic feet that were in storage on February 5th of last year, and 152 billion cubic feet, or 6.4% above the five-year average of 2,366 billion cubic feet of natural gas that have been in storage as of the 5th of February in recent years..the 171 billion cubic feet that were drawn out of US natural gas storage this week was a bit less than the average forecast of a 175 billion cubic foot withdrawal from an S&P Global Platts survey of analysts, but way more than the 121 billion cubic foot withdrawal from natural gas storage seen during the corresponding week of a year earlier, and also more than the average withdrawal of 125 billion cubic feet of natural gas that have ....
The natural gas storage report from the EIA for the week ending January 29th indicated that the amount of natural gas held in underground storage in the US fell by 192 billion cubic feet to 2,689 billion cubic feet by the end of the week, which left our gas supplies 41 billion cubic feet, or 1.5% higher than the 2,648 billion cubic feet that were in storage on January 29th of last year, and 198 billion cubic feet, or 7.9% above the five-year average of 2,491 billion cubic feet of natural gas that have been in storage as of the 29th of January in recent years..the 192 billion cubic feet that were drawn out of US natural gas storage this week was a bit less than the average forecast of a 195 billion cubic foot withdrawal from an S&P Global Platts survey of analysts, but more than the 155 billion cubic foot withdrawal from natural gas storage seen during the corresponding week of a year earlier, and also more than the average withdrawal of 146 billion cubic feet of natural gas that h ....
Akron to back away from LaDue Reservoir drilling Crain s Akron Business Dan Shingler Akron Mayor Dan Horrigan, seen here in a file photo, says the city will forgo leasing mineral rights at LaDue Reservoir. After weeks of receiving hundreds of complaints from its own citizens and residents living around LaDue Reservoir in Geauga County, Akron is backing away from plans to lease its mineral rights around the body of water. Mayor Dan Horrigan announced Wednesday, Feb. 4, that he was withdrawing his proposal to lease mineral rights for 475 acres of city-owned land around the Geauga County reservoir, which supplies the city of Akron with water. ....
City of Akron legislative proposal The area outlined in red, on the south end of LaDue Reservoir, is what the city of Akron proposes leasing for oil and gas exploration. The dots represent active wells according to the Ohio Department of Natural Resources Division of Oil and Gas Resources Management. Blue indicates permitted wells, green indicates producing wells, and yellow indicates drilling sites. Akron City Council is considering a deal with a newly formed company that would allow the company to drill for oil and natural gas on land near LaDue Reservoir, which holds the city’s water supply. Public service Director Chris Ludle initiated the idea of leasing 475 acres to DP Energy Auburn, LLC for fracking. Under the deal the city would receive a one-time payment of $237,500 and a 15% royalty payment on all oil or gas extracted. (see the full proposal below) ....
A local energy company’s proposal to lease the mineral rights under 475 acres of LaDue Reservoir from the City of Akron has met with an avalanche of outrage from local residents and environmental groups. Print this story A local energy company’s proposal to lease the mineral rights under 475 acres of LaDue Reservoir from the City of Akron has met with an avalanche of outrage from local residents and environmental groups. DP Energy Auburn LLC, organized Jan. 1, according to Ohio Secretary of State’s office records, wants to drill under LaDue and surrounding properties for oil or natural gas in what many called “fracking,” or drilling deep in a vertical direction, then horizontally into shale layers far below the surface. ....