NGI The Weekly Gas Market Report

Briefs -- Adelphia Gateway | Consol E&P Split | OneStim

  A New Jersey Resources Corp. subsidiary has extended the binding open season to Dec. 8 for up to 250,000 Dth/d of firm transportation on an existing 84-mile pipeline in southeast Pennsylvania. Adelphia Gateway LLC extended the open season, launched in early November, in response to customer requests for a delivery interconnection with Columbia Gas Transmission (TCO) in Delaware County near the borough of Marcus Hook. For information contact David Johnson or Jack Herbert at openseason@adelphiagateway.com. The pipeline once delivered oil from a refinery, but a portion of the system now delivers natural gas. Adelphia wants to repurpose the remaining pipe to deliver more gas to the Philadelphia area. 

Consol Energy Inc.’soil and gas exploration and production (E&P) segment began trading separately from the coal business on Wednesday (Nov. 29), rebranding as CNX Resources Corp. and retaining the ticker symbol “CNX” on the New York Stock Exchange. Consol Mining Corp. has become Consol Energy Inc. and is trading under “CEIX. Management worked for roughly a decade to evolve from being a coal-centric company to one focused on natural gas. The separation was finalized in October.

The U.S. Department of Justice has cleared the proposed OneStim joint venture (JV) between Schlumberger Ltd. and Weatherford International Ltd. The approval should allow the JV to be completed before the end of the year. Schlumberger agreed to majority own (70%) the partnership and operate OneStim with Weatherford (30%). Schlumberger is combining its estimated 2 million hydraulic hp (hhp) with Weatherford, which has around 1 million hhp. Together, the partners would control the second largest fracturing fleet in North America after Halliburton Co.

Recent Articles by NGI Staff Reports

Comments powered by Disqus