SemGroup Corp. and DCP Midstream LP have extended an open season to Aug. 5 for natural gas liquid (NGL) shipping capacity on multiple pipelines that move more supply from Colorado to Texas.
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Encana Selling Newfield Arkoma Assets for $165M
Calgary-based Encana Corp., which is training more resources in the Permian Basin, said Monday it would sell the Arkoma Basin assets acquired in the takeover of Newfield Exploration Co. for $165 million.
Illinois Natural Gas-Fired Power Plant Starts Construction
Chicago-based J Power USA, a subsidiary of Tokyo-based Electric Power Development Co., Ltd., has begun construction of a 1,200 MW combined-cycle natural-gas fired power plant in Will County, IL, near Chicago, which is the largest residential heating market in the United States and a major natural gas hub.
Foothills Adds Western Portfolio with Montana Natural Gas Wells, Acreage
California-based Foothills Exploration Inc. plans to acquire natural gas wells and acreage for production and development in Montana’s Stillwater and Golden Valley counties covering 5,769 acres and 12 shut-in wells.
Appellate Court Nixes Nexus Attempt to Dismiss Lawsuit between Ohio Landowners, FERC
An appellate court denied a motion Tuesday by Nexus Gas Transmission LLC to dismiss a lawsuit that centers around a dispute between Ohio landowners and FERC regarding the 1.5 Bcf/d 225-mile pipeline that would carry Appalachian natural gas to Michigan.
Dominion Cancels Sweden Valley Pipeline for Appalachia Gas Takeaway, Citing FERC Inaction
Dominion Energy Transmission Inc. has canceled its Sweden Valley Project and terminated the project’s application with FERC.
DOE Investing $8M in Paradox Basin to Test Unconventional Oil, Gas Potential
The Department of Energy (DOE) plans to invest nearly $8 million in a research project conducted by the University of Utah into the geology of the Paradox Basin to test its oil and natural gas potential. Research into the Paradox, primarily in Utah but also extending to parts of Colorado and northern Arizona, marks the…
PDC Energy Completes Permian Midstream Sales to WaterBridge, EagleClaw
PDC Energy Inc. has closed deals to sell water and gas assets as part of the company’s broader monetization process, which includes a new water supply agreement with WaterBridge Holdings LLC.
U.S. NGL Supply Glut May Weigh on Prices, E&Ps through 2023, Says Moody’s
Without more pipeline and fractionation capacity, natural gas liquids (NGLs) pricing could remain under pressure for the next three-to-four years, hindering what should otherwise be a boon to U.S. oil and gas producers, said analysts with Moody’s Investors Service in a research note.
NGI The Weekly Gas Market Report
Renewables Gain Edge Over Coal in U.S. Power Generation for First Time, Says EIA
Renewable sources of fuel overtook coal in April U.S. power generation for the first time, according to the latest data from the Energy Information Administration (IEA).