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2013

Industry Briefs

A Transcontinental Gas Pipe Line Co. LLC (Transco) compressor station in Dallas County, AL, has been given the green light by the Federal Energy Regulatory Commission to begin service, adding 130,000 Dth/d of capacity to the pipeline system [Docket No. CP11-18-000]. The compressor is the second phase of the Mid-South Expansion Project, approved in 2011, to expand Transco services in the Southeast after the first phase went into service in 2012 (see NGI, Sept. 3, 2012). The expansion, originally was designed to service LaGrange, GA, Progress Energy Carolinas and Southern Co., gives Transco an additional total firm capacity of 225,000 Dth/d.

June 3, 2013

U.S. NatGas Prices Facing Pressure ‘For Many Years’

The downward price pressure on U.S. natural gas “should be sustained for many years,” according to the global energy research chief for Credit Suisse.

May 27, 2013

Jordan Cove Seeks Nod for West Coast LNG Exports

Calgary-based Veresen Inc. last week said affiliate Jordan Cove Energy Project LP has filed an application with FERC to construct and operate a liquefied natural gas (LNG) export facility on the West Coast within the international Port of Coos Bay, OR.

May 27, 2013

Southwestern’s Fayetteville Comes Alive With $4 NatGas

When natural gas prices are $3, Southwestern Energy Co. has 1,200-1,500 well locations to drill in the Fayetteville Shale, but “in today’s price environment, that changes substantially,” CFO Robert Craig Owen said Wednesday in Austin, TX.

May 24, 2013

Pioneer Gets A ‘Strong Mabee’ on Wolfcamp B Prospectivity

Pioneer Natural Resources Co.’s first horizontal Wolfcamp Shale well in Martin County, TX, — the Mabee K #1H — has been placed on production with an initial rate that the company called “strong,” and an analyst following Pioneer said confirms prospectivity in the county.

May 23, 2013

Industry Brief

Denver-based Enservco Corp., a provider of well-site services, said it will invest $6 million in capital expenditures during 2013, with $4.7 million being allocated to new equipment fabrication. The budget also includes $1.3 million for enhancements to existing equipment. Management estimates the annualized revenue potential from the new equipment at about $10 million. The equipment includes nine frack heating trucks with a total of 12 burner boxes, four hot oilers and two well acidizing trucks. The investments will expand the company’s frack heating capacity by 40% and increase its hot oiling fleet by 15%. Enservco said sales during April reached $3.7 million, up 85% from one year ago. The improvement was fueled in part by cool spring temperatures across the company’s service territories, as well as sustained demand for fluid heating services, particularly in regions where new fracking techniques require higher water temperatures than traditional frack designs.

May 17, 2013

EIA Survey Shows State-by-State Fuel Use, Emissions

Energy-related carbon dioxide emissions, counting the emissions from fuel consumption only, vary significantly across states, with Texas and California registering the highest carbon dioxide (CO2) emissions with 652.6 million metric tons (mmt) and 369.8 mmt respectively in 2010, according to a survey by the Energy Information Administration (EIA).

May 14, 2013

Still More Cold Lifts Northeast, But Futures Retreat

Cash natural gas prices were unchanged on average in Friday for weekend and Monday trading. Northeast points managed gains as weather forecasts proved supportive, but Rocky Mountain points were steady to lower, and eastern points fell a couple of cents.

May 13, 2013

Gulfport Accelerating Utica Drilling This Year

Gulfport Energy Corp. expects to increase the number operated horizontal rig count in the Utica Shale to seven from the current four by the end of June, and it has budgeted $494-504 million to drill 55-60 gross (49-54 net) wells in the play this year, company officials said Wednesday.

May 9, 2013

Eastern Points Gain A Couple Pennies In Dull Trading; Futures Ease

Cash natural gas prices eased lower overall by a couple of pennies in featureless trading Monday. New England and eastern points were a couple of pennies higher, but Great Lakes locations were mixed, with changes within a couple of pennies of unchanged.

May 7, 2013