Cabot Oil & Gas Corp. announced Friday that it has identified two new exploratory areas that could eventually compete with its core acreage in the Marcellus and Eagle Ford shales.
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Alaska’s two Republican senators have introduced a bill that calls for conducting lease sales in the state’s offshore areas of the Beaufort Sea and Cook Inlet, and would reverse a decision made during the waning days of the Obama administration to withdraw leasing areas of the Arctic’s Outer Continental Shelf (OCS).
The heads of three oil and natural gas trade associations said they would use the first of several public scoping meetings as a platform to urge federal officials to expand the areas under consideration for offshore oil and gas leasing.
Hi-Crush Partners LP, which produces and markets Northern White sand used as proppant in hydraulic fracturing (fracking), may see demand rise this year even as rigs are dropped because production rates are more important than ever, a top executive said last week.
With California Gov. Jerry Brown on Tuesday requesting that the three-county South Napa earthquake area be designated as a disaster area by the Obama administration, officials for Pacific Gas and Electric Co. (PG&E) are calling the combination utility’s coordinated quake response an indicator of how far it has come in improving its safety and emergency responsiveness.
Eleven oil and gas trade associations have signed a letter urging the Interior Department’s Bureau of Ocean Energy Management (BOEM) to make new areas of the Atlantic and Pacific oceans, as well as the eastern Gulf of Mexico (GOM), available for leasing.
July natural gas is set to open 3 cents lower Tuesday morning at $4.68 as traders admit Thursday’s price advance may have been a little overdone and anticipate volatile weather-driven trading in the weeks ahead. Overnight oil markets were narrowly mixed.
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.
Colorado Interstate Gas Pipeline(CIG) is back in full operations after being forced to shut down operations on a portion of its 4,300-mile pipeline system in the Rockies, aKinder Morgan Inc.(KMI) spokesperson said Tuesday. Inspection and recovery have been completed on two buried laterals that were exposed by the historic flooding and runoff in areas north and west of Denver. A force majeure had been declared and the pipeline taken out of service in mid-September (seeDaily GPI,Sept. 17). CIG is a unit ofEl Paso Pipeline, a subsidiary of KMI. The laterals were taken out of service as a precaution until they could be inspected, recovered and brought back online. CIG Lines 59A and 252A had been taken out of service; 59A delivers to theYoung Gas Storage Co., and 252A transports gas to the Tritown delivery point. CIG includes 4.5 Bcf capacity pipelines linked to gas production areas in the Rockies and the Anadarko Basin. It links directly to customers in Colorado and Wyoming and indirectly to other areas. CIG also owns interests in five storage facilities with 35 Bcf of working capacity in Colorado and Kansas.
Colorado officials on Tuesday reported three new flood-related oil spills since an assessment the day before (seeDaily GPI,Sept. 24), bringing to 11 the number of what are designated as “notable releases” by the Colorado Oil/Gas Conservation Commission (COGCC).