The Cayenne Pipeline, a joint venture between American Midstream Partners LP (AMID) and Targa Resources Corp., has been completed and natural gas liquids (NGL) deliveries have begun, AMID said Wednesday.
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American Midstream Partners LP (AMID) is selling its propane business to focus capital in the offshore Gulf of Mexico and onshore in the Permian Basin and East Texas, the partnership said Monday.
Driven by the Bakken Shale play, North Dakota’s oil and natural gas production continued to soar in May, but well completion rates were slowing amid a continued boom for drilling new wells, according to the latest monthly report from the state’s Department of Mineral Resources (DMR).
Amid forecasts that see no end to low gas prices across North America, overseas exports of liquefied natural gas (LNG) are being rated as a must for development of the Canadian version of shale supplies in northern British Columbia (BC).
Cash prices worked higher Thursday amid nuclear outages and supportive weather in a few regions of the country. Northeast points registered stout gains, and for the most part traders were able to complete their exchanges prior to the 10:30 a.m. EST Energy Information Administration (EIA) report that showed a withdrawal of 166 Bcf, somewhat lighter than expected.
Transco Zone 6’s New York pool topped out at $13 and averaged nearly $12 Friday amid mixed price movement in most regions as traders kept in mind that the Sunday-through-Tuesday flows covered by their deals would be accompanied by the advent of frigid weather in much of the East. Several other Northeast points had peak quotes of $10 or more.
January natural gas tumbled 6.3 cents Monday, as traders look for some semblance of price support amid an unfavorable technical and fundamental setting. At the close January had fallen 6.3 cents to $3.254 and February had retreated 5.9 cents to $3.294. January crude oil dropped $1.64 to $97.77/bbl.
Amid cries for Stronger safeguards regarding the public disclosure of chemicals used in hydraulic fracturing (fracking), the Colorado Oil and Gas Conservation Commission (COGCC) on Monday put off for a week or more finalizing the state’s proposed new rules on disclosing fracking chemicals used in oil and gas shale fracking operations. COGCC heard more than 11 hours of testimony in Denver.
Northeast price spikes had some citygates in the region averaging more than $6 Tuesday amid a generally little-changed cash market. The tropical storm factor, which never was significant anyway, continued to fade into the open Atlantic, but very hot forecasts in many areas remained a constant for gas prices.
Amid industry lobbying of Congress for federal legislation to further jump start an already resurgent natural gas transportation sector, Vancouver, BC-based Westport Innovations Inc., a natural gas engine technology provider, announced last month it has agreed to work with General Motors (GM) to advance engine technology for light-duty vehicles.