Tennessee Gas Pipeline (TGP) Zone 4 cash basis will remain weak for a while, although it will see an uplift of about 50 cents at the end of the year when the pipeline’s Northeast Supply Diversification project and National Fuel’s Northern Access expansion come online, Bentek Energy LLC said in a recent market note.
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Industry Brief
In Pennsylvania, the Luzerne County Zoning Hearing Board will announce a decision on whether to allow a proposal by a midstream subsidiary of UGI Corp. to move forward at its next meeting on Sept. 4. UGI Energy Services Inc. wants to construct 27.4 miles of pipeline across Wyoming and Luzerne counties (see Shale Daily, Aug. 7). The balance of the project, 23.4 miles, would be a 24-inch diameter pipeline starting at the current terminus of UGI’s Auburn Pipeline in Wyoming and running southeast into Luzerne, with a new interconnection with the Transcontinental Gas Pipe Line (Transco) at West Wyoming Borough. The proposed compressor station would have three units with about 200,000 Dth/d of capacity. UGI also proposes to build four miles of 12-inch diameter pipeline, which would run south from the Transco interconnect and enter the city of Wilkes-Barre, where it would connect to the natural gas distribution system operated by UGI Utilities Inc., another subsidiary.
Chesapeake Vows to Appeal $100M Gas Lease Judgment
Chesapeake Energy Corp. on Wednesday said it would appeal a U.S. District Court decision Tuesday that ordered the producer to pay more than $100 million for reneging on agreements to purchase some natural gas mineral rights in Texas four years ago.
New York Possibly Open to Fracking in Southern Tier
New York Gov. Andrew Cuomo’s administration is reportedly working on a plan to allow horizontal drilling using high-volume hydraulic fracturing (fracking) in five counties in the Southern Tier of the state, but only in localities that support the practice.
Chesapeake to Renegotiate 4,400-Plus New York Natural Gas Leases
In a landmark agreement announced Thursday, a drilling unit of Chesapeake Energy Corp. will allow more than 4,400 New York landowners locked into natural gas leases the opportunity to renegotiate their contracts, said New York Attorney General Eric T. Schneiderman.
New York Municipalities Take Stand to Allow Fracking
Several municipalities in the Southern Tier of New York have adopted nonbinding resolutions that take a stand that would allow high-volume hydraulic fracturing (fracking), a position that dovetails with an assertion by state officials that the drilling stimulation practice, if eventually approved by regulators, only would be permitted in communities that allowed it.
Fracking Proposals Advance in North Carolina
A series of legislative proposals that would allow hydraulic fracturing (fracking) and enact several other changes to North Carolina’s energy policies within two years have cleared an important hurdle and could come to a vote this summer.
Drilling Reductions May Create Recycling Problem
The decrease in drilling expected in the Marcellus Shale this year could have an unexpected consequence: reducing the amount of flowback water that operators reuse at well sites.
Industry Briefs
Officials from the United States and Mexico have signed an agreement that would allow for the development of oil and natural gas reservoirs along the two countries’ maritime boundary in the Gulf of Mexico (GOM). The transboundary agreement removes a ban on exploration and production activities in nearly 1.5 million acres of U.S. Outer Continental Shelf, which the Interior Department estimates contain as much as 304 Bcf of natural gas and 172 million bbl of oil. The agreement also would open up resources in the Western Gap — located in the western planning area of the GOM — that were off limits to both countries under a previous treaty, which imposed a moratorium along the boundary through 2014. The agreement sets guidelines for U.S. producers and Mexico’s state oil company Petroleos Mexicanos (Pemex) to agree to jointly develop the boundary-hugging reserves. If consensus cannot be reached, the agreement establishes a process through which U.S. producers and Pemex can individually develop the resources on each side of the border while protecting each nation’s interests and resources.
U.S., Mexico Unite to Develop Cross-Border Oil and Gas Reservoirs
Officials from the United States and Mexico signed an agreement Monday that would allow for the development of oil and natural gas reservoirs along the two countries’ maritime boundary in the Gulf of Mexico (GOM).