As it looks to replenish natural gas supplies on its system, Columbia Pipeline Group (CPG) said its current storage inventory is off by more than one-third compared with the same period last year. Meanwhile, some of its customers are taking advantage of lower gas prices by over-scheduling deliveries.
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Articles from Area
Traders Balancing Stout Physical Market With Expected Triple-Digit Build
The expiring June futures contract is seen opening 2 cents higher Wednesday morning at $4.53 as traders mull strength in the cash market and position themselves before the release of Thursday’s gas storage report. Overnight oil markets eased.
In Unprecedented Move, Ohio Sets Permit Conditions for Fracking Near Faults
The Ohio Department of Natural Resources (ODNR) on Friday took an unprecedented step to establish what is believed to be the country’s first set of permitting conditions for hydraulic fracturing (fracking) in horizontal wells near fault lines or areas of previous seismic activity.
Weather Seen Continued Cold, If Not Colder; April Seen 3 Cents Higher
April natural gas is expected to open 3 cents higher Wednesday morning at $4.49 as forecasters see some risk to colder than expected temperatures later in the six- to 10-day period. Overnight oil markets were mixed.
Alaska Suing USFWS for Right to Assess ANWR Coastal Plain
The state of Alaska has filed a lawsuit challenging the U.S. Fish & Wildlife Service's (USFWS) refusal to consider the state's exploration plan for the coastal plain, or 1002 Area, of the Arctic National Wildlife Refuge (ANWR).
Industry Briefs
Las Vegas, NV-basedNV Energy Inc.’sshareholders on Wednesday “decidedly” approved the power utility’s acquisition by billionaireWarren Buffett-led Berkshire Hathaway’ MidAmerican EnergyHoldings Co., a $5.59 billion deal announced last May (seeDaily GPI,May 31). Speaking at a special stockholders’ meeting called for the vote, NV Energy CEOMichael Yackirasaid the transaction is expected to close in the first quarter next year, assuming that all customary closing conditions are met, including approvals from theFederal Energy Regulatory Commissionand theNevada Public Utilities Commission.
Flat Basis, Power Demand Need Rethink by NatGas Pipes, Say Experts
Power generation will continue to grow in importance to the natural gas market. Reliably connecting gas supply to power plants in the years ahead will take more than synchronizing the gas and power days; a capital-intensive infrastructure buildout is necessary, as is new thinking on the part of pipelines, industry executives said in Houston last Thursday.
Rex Energy Says Warrior South Well Results ‘Impressive’
Rex Energy Corp. said it has seen “impressive” results so far from its first three wells in the Warrior South prospect, an area in Ohio’s portion of the Utica Shale.
Ohio Accepted More Wastewater in 2012, But Now On Decline
Injection wells in Ohio handled more wastewater from oil and gas drilling in 2012, especially from out-of-state sources in the Marcellus and Utica shales, but they are on pace to handle less of the material in 2013.
Wyoming to Lead Pavillion Water Tests with EPA Assist
The state of Wyoming will take the lead in the continuing investigation of the potential impact of natural gas production activities on drinking water in the Pavillion, WY, area, with the cooperation of the U.S. Environmental Protection Agency (EPA), which is suspending its own investigation.