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Nevada Economy Continues to Struggle, NV Energy CEO Says

While unemployment has improved, it is still higher than the national average, so the Nevada economy continues to limp along and likely will do so through next year, the CEO of NV Energy Inc. told financial analysts Monday on a second quarter conference call in which he reported greatly reduced profits quarter over quarter.

August 3, 2011

Shell Canada Hunts for Partner to Develop Canada’s Deep Basin

Shell Canada Ltd. is looking for a partner to help develop its gassy Chinook leasehold, 102,000 acres in the Nikanassin Formation, a shale play in the Deep Basin of Western Canada.

July 18, 2011

Marcellus Activity Keeps Rising

The Pennsylvania Department of Environmental Protection (DEP) issued 262 permits for Marcellus Shale drilling and operators reported drilling 154 wells into the formation in June, according to information released Monday.

July 13, 2011

Industry Brief

PacifiCorp proposes to nearly cut in half the proportion of its electricity that comes from coal-fired generators, along with building a new 637 MW natural gas-fired plant in Utah during the next 10 years, according to a revised integrated resource plan (IRP) submitted to Idaho regulators by the company’s Rocky Mountain Power utility. The Idaho Public Utilities Commission will take comments on the IRP, including its plan to cut reliance on coal from its current 62.5% portion of the PacifiCorp portfolio to 36.3% by 2020. For gas-fired generation, the 637 MW Lake Side generation plant is planned to be in place in Utah County by mid-2014, and bids for another gas-fired plant are called for late this year for a facility that can be online in 2016. Over the next 10 years, the proportion of generation from natural gas is expected to increase to 25.5% from its current 11.7% level.

June 23, 2011

Prices Rise Modestly at Nearly All Locations

Relatively moderate heat levels in the Mid-South and Northeast, along with mild to cool forecasts for Canada, the Pacific Northwest and sections of the Midwest, failed to prevent a large majority of locations from realizing small price gains Tuesday. However, inland California was beginning to join much of the desert Southwest in anticipating highs ranging from the mid 90s to more than 110, and the Rockies — while still fairly moderate — had predicted peak temperatures start to climb into the low 80s.

June 22, 2011

Transportation Notes

Southern California Gas did not extend a high-linepack OFO beyond Wednesday,

June 9, 2011

Mexico’s First LNG Terminal Sold to Vopak, Enagas

Mexico’s first liquefied natural gas (LNG) receiving terminal, which opened five years ago along the Gulf of Mexico coast, has been sold by its tripartite owners to Dutch-based Royal Vopak NV and Spain’s Enagas SA, it was announced Friday. Vopak will be the majority owner (60%).

June 6, 2011

Mexico’s Altamira LNG Terminal Changes Hands

Mexico’s first liquefied natural gas (LNG) receiving terminal, which opened five years ago along the Gulf of Mexico coast, has been sold by its tripartite owners to Dutch-based Royal Vopak NV and Spain’s Enagas SA, it was announced Friday. Vopak will be the majority owner (60%).

June 6, 2011

CPUC Juggles Gas-Fired Power Mix in SoCal

California regulators last Thursday agreed to shut two natural gas-fired electric generation units along the Southern California coast as a means of facilitating the development of a new gas-fired facility inland in eastern Los Angeles County.

June 1, 2011

Cabot Passes 400 MMcf/d Milestone in Marcellus

Thanks to recent upgrades to a compression station in northeastern Pennsylvania, Cabot Oil & Gas Corp. increased its Marcellus Shale production 35% in a single day, a sign of how infrastructure bottlenecks in Appalachia are crimping production rates.

May 26, 2011