In the article “Bison Pipeline is Back and Eyeing Growth” (see Daily GPI, Oct. 17), NGI misquoted Todd Johnson, TransCanada’s marketing director for U.S. Pipelines West, in his remarks regarding the company’s restart of the Bison natural gas pipeline following a rupture in July. For the record, TransCanada provided the following statement: “TransCanada worked closely with the Pipeline Hazardous Materials and Safety Administration (PHMSA) in the aftermath of the incident to identify what actions would need to be taken in order to safely return the pipeline to service at its approved maximum allowable operating pressure. Among other things, TransCanada conducted an inline inspection of the entire length of the pipe and provided the data and analysis to PHMSA. PHMSA worked diligently with the TransCanada team and the information provided and concluded that as of noon Saturday, October 8, Bison could safely lift its force majeure condition and return to full service at its original maximum allowable operating pressure.” NGI regrets the error.
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Correction
In the article “Pennsylvania Marcellus Shale Gas Production Jumps” (see Shale Daily, Aug. 17), NGI’s Shale Daily incorrectly listed the well counts for the major producers in Pennsylvania by including wells that had been permitted, but not yet drilled. In actuality, Chesapeake Energy Corp. produced from 110 wells, not 1,286 wells. Talisman Energy Inc. produced from 185 wells, not 684 wells. Cabot Oil & Gas Corp. produced from 117 wells, not 261 wells. Range Resources Corp. produced from 240 wells, not 632 wells, and EQT Corp. produced from 49 wells, not 355 wells. NGI’s Shale Daily regrets the error.
Correction
In the article “Southwest Gas Shutoff Aftermath Lingers” (see Daily GPI, March 30), NGI incorrectly stated that during a severe freeze in February “some 40,000 retail gas customers experienced shut-offs in New Mexico, with thousands more in certain areas of southern Arizona.” The 40,000 number is incorrect. The sentence should read “Thousands more were affected in other areas of New Mexico and certain areas of southern Arizona.” NGI regrets the error.
Correction
In the article “New Mexico Lawmakers Set Probe of February Gas Outages” (see Daily GPI, March 15), NGI incorrectly stated that a February natural gas service outage left “40,000” New Mexico Gas Co. customers without service. The correct number was 28,000 outages caused by the severe freeze (Feb. 1-3). NGI regrets the error.
Correction
In the article “IEA Official: Shale Will Exert Downward Pressure on Gas, Oil Prices” (see Daily GPI, Feb. 4), NGI incorrectly attributed comments made by International Energy Agency (IEA) Deputy Executive Director Richard Jones to Jim Burkhard, who was also misidentified as IEA’s managing director. Burkhard is the managing director of Cambridge Energy Research Associates. NGI regrets the errors.
Correction
In the article “Slim Chance of Severance Tax in Pennsylvania” (see Daily GPI, Sept. 10), NGI incorrectly named the Republican candidate for Pennsylvania governor. His name is Tom Corbett. NGI regrets the error.
Correction
In the June 23 article titled “UNG Seeks Removal of Trading Limits” it was incorrectly stated that the United States Natural Gas Fund (UNG) at the close of business Monday held a total of 229,890 August futures contracts on IntercontinentalExchange (ICE) and 97,746 August swaps contracts. The 229,890 contracts on ICE are swaps, not futures, and the 97,746 swaps contracts are New York Mercantile Exchange swaps. NGI regrets the errors.
Correction
The June 21 article titled “Chesapeake Subsidiary Seeks Permits for First Pipeline in Chesapeake Bay” reported an incorrect figure for the cost of the Eastern Shore Energy Link Expansion segment. Eastern Shore Natural Gas officials say the pipeline will cost $93 million. NGI regrets the error.
Nymex Reportedly Looking at Trading Floor Consolidation
Confirming that the transition from physical pit trading to electronic marketplaces is indeed impacting the way traders and exchanges do business, a Reuters article said Friday that Nymex Holdings, parent company of the New York Mercantile Exchange (Nymex), has plans to consolidate its energy and metals trading floors in an effort to cut costs. The question remains as to whether floor trading will ultimately go the way of the Dodo bird.
Nymex Reportedly Looking at Trading Floor Consolidation
Confirming that the transition from physical pit trading to electronic marketplaces is indeed impacting the way traders and exchanges do business, a Reuters article said Friday that Nymex Holdings, parent company of the New York Mercantile Exchange (Nymex), has plans to consolidate its energy and metals trading floors in an effort to cut costs. The question remains as to whether floor trading will ultimately go the way of the Dodo bird.