NGI The Weekly Gas Market Report

Briefs -- Colorado 'Dashboard' | Murray Energy | Energy Transfer Partners | Storage Leak Anniversary | Sempra | Cook Inlet Film

 The Colorado Oil/Gas Conservation Commission (COGCC) has launched an online information source, Daily Activity Dashboard, that captures on a county-by-county basis oil and natural gas activity statewide. COGCC said the tool can locate information on pending permits, well status, production, well inspection data, violation notices, operator notifications and spills. It is being provided as a supplement to COGCC's existing and extensive web-based data search tools, a spokesperson said.

Murray Energy Corp. has agreed to sell about 5,900 acres of its Utica Shale reserves in Belmont and Monroe counties, OH, for $63.6 million to an undisclosed buyer. Under the agreement, Murray would receive $48.6 million at the time of closing and two $7.5 million payments in 2017 and 2018. The company said it expects the deal to close in the coming weeks. Headquartered in Belmont County, Murray is the nation's largest privately owned coal producer and it has been working with its lenders to stay solvent in a challenging coal market. The company said it would use the proceeds to pay down debt. Belmont and Monroe counties are among the Utica's most heavily drilled regions.  

Federal agencies that have been hampering construction of Energy Transfer Partners' (ETP) $3.8 billion Dakota Access oil pipeline should instead "abide by the well-established process and the law," and allow the project to progress, according to more than 20 organizations representing energy and chemical companies and workers. In a letter sent Thursday to Secretary of the United States Army Eric Fanning, Secretary of the Interior Sally Jewell and Attorney General of the United States Loretta Lynch, the groups expressed "deep concerns over recent actions that took place in North Dakota to effectively ignore the rule of law in an attempt to halt infrastructure development," despite court rulings upholding federal approvals for the project (see Shale DailyOct. 20Oct. 14; Oct. 10;Sept. 19). "When your agencies upend or modify the results of a full and fair regulatory process for an infrastructure project, these actions do not merely impact a single company. The industries that manufacture and develop the infrastructure, the labor that builds it, and the American consumers that depend on it all suffer," according to the letter, which was signed by organizations including American Gas Association, American Petroleum Institute, Association of Oil Pipe Lines, Independent Petroleum Association of America, Interstate Natural Gas Association of America, andNatural Gas Supply Association.

Residents near the Southern California Gas Co. Aliso Canyon underground natural gas storage fieldon Sunday will mark the one-year anniversary of the four-month storage well leak that disrupted their lives this year, calling on the state to shut down the now-closed facility permanently. "Thousands of residents are still sick from the lingering effects of the toxic blowout, and Aliso has had four major leaks since the affected well was capped," said a spokesperson for Food & Water Watch and the Save Porter Ranch residents' organization, both of which want the 86 Bcf, 3,600-acre facility shut down permanently. SoCalGas and state and federal energy officials have said the facility eventually can be safely operated again, and consider it an important source of electric and gas reliability in the region.

Flush with more than US$1 billion from a common stock sale (see Daily GPIOct. 17), San Diego-based Sempra Energy's Mexican subsidiary, Infraestructura Energetica Nova SAB de CV (IEnova) said on Thursday that it will hold a 3Q2016 earnings conference call Thursday (Oct. 27). Proceeds from the stock sale were expected to be 29.86 billion pesos (US$1.575 billion) based on recent exchange rates. IEnova develops, builds and operates energy infrastructure in Mexico. As of the end of last year had it had invested more than US$4 billion south of the border as one of Mexico's largest private energy companies.

Director Brian Nunes has begun a Kickstarter campaign for a fund to turn footage he and his crew took during 16 days on a working oil and natural gas exploration rig off the coast of Alaska into a film with the working title The Machine. "The oil and gas industry is something everyone is talking about but few know much about -- other than its wild profitability," Nunes said. "Like it or not, though, we must come to terms with the fact that all our modern conveniences and advanced medicines are tied to the fossil fuel industry in some way." The footage was shot in the Cook Inlet's Kitchen Lights Unit. It would be Nunes' fifth film project and his fourth as a director.

ISSN © 1532-1266

Recent Articles by NGI Staff Reports

Comments powered by Disqus