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Alex Steis

Alex Steis joined the staff of NGI in June of 2000. He received his bachelor's degree in Business Management from Syracuse University in New York in May of 2000.

NatGas Transmission Pipe Leaks Reduced, But More Can Be Done, INGAA Says

NatGas Transmission Pipe Leaks Reduced, But More Can Be Done, INGAA Says

Citing the U.S. natural gas transmission industry’s work over the last 30 years in greatly reducing the number of pipeline leaks as a result of pipeline safety efforts, maintenance programs and modernization and expansion projects to ensure system reliability and resiliency, the Interstate Natural Gas Association of America’s (INGAA) board of directors vowed Tuesday to build on the industry’s success by developing guidelines that enhance efforts to discover and repair leaks from pipelines and associated equipment.

July 29, 2014

Bechtel Looks to Bolster U.S. Cybersecurity Ranks

Seeking to shore up the United States’s ability to protect against a cyber attack on government, industry or energy infrastructure, Bechtel on Monday unveiled a program with two U.S. national security laboratories to fund multiyear positions for early-career professionals in critical cybersecurity fields.

July 14, 2014
Key Northeast Natural Gas Market Points Make Basis Gains Despite Strong Storage Injections

Key Northeast Natural Gas Market Points Make Basis Gains Despite Strong Storage Injections

With the July natural gas bidweek over and trading of the August futures contract in full swing, natural gas prices seem to be picking back up — at least at points near major demand centers such Texas Eastern M-3, and Transco Zone 6 NY. All of this is occurring despite the current onslaught of triple-digit gas storage injections.

July 7, 2014
Strong Storage Injections Fail to Keep Some Northeast Natural Gas Market Points Down

Strong Storage Injections Fail to Keep Some Northeast Natural Gas Market Points Down

With the July natural gas bidweek over and trading of the August futures contract in full swing, natural gas prices seem to be picking back up — at least at points near major demand centers such Texas Eastern M-3, and Transco Zone 6 NY. All of this is occurring despite the current onslaught of triple-digit gas storage injections.

July 7, 2014
Northeast Natural Gas Prices Slide as Stronger Storage Surprises in NGI’s Forward Look

Northeast Natural Gas Prices Slide as Stronger Storage Surprises in NGI’s Forward Look

With the country’s natural gas storage network refilling faster than expected and analysts calling for a mild summer to further tamp down demand for the resource from the power generation sector, Northeast natural gas prices in the forward market have been making their way lower in recent weeks.

June 27, 2014

Rainmaker Resources Banks on Bray Frac Sand Property in Arkansas

As the development of unconventional oil and gas plays continues to ramp up across North America, the race to supply the resources necessary for hydraulic fracturing (fracking) is heating up. In addition to water supplies, the hunt for sand, with certain properties that make it ideal for fracking, is reaching far and wide.

June 24, 2014

New York Approves Plan to Repower Dunkirk Power Plant With Natural Gas

The New York State Public Service Commission (PSC) late last week gave regulatory approval to repower the coal-fired Dunkirk power plant with natural gas, a move that saves the plant from its scheduled mothballing while improving the reliability of the electric system and providing economic benefits to Western New York.

June 17, 2014

Energy & Exploration Partners Expands East Texas Focus Through $715M Acquisition

Looking to beef up its East Texas acreage position in order to roll out a multi-rig drilling program, Energy & Exploration Partners Inc. (ENXP) reported Monday that it is acquiring 18,300 net acres in Houston and Madison counties from TreadStone Energy Partners LLC for approximately $715 million.

June 16, 2014

AGA Develops Voluntary Utility Guidelines to Further Reduce Emissions

Natural gas utilities in the United States have already taken steps to reduce emissions from their systems through upgrades and modernization, but more can be done, according to American Gas Association (AGA) Chairman Gregg Kantor, who is also CEO of NW Natural.

June 11, 2014

New CFTC Chair Massad Taps Former Federal Prosecutor to Head Enforcement

One week after the U.S. Senate confirmed the Obama administration’s appointment of Timothy Massad as the new chairman of the Commodity Futures Trading Commission (CFTC), he got down to business on Wednesday by naming Aitan Goelman as the agency’s director of the Division of Enforcement.

June 10, 2014