Backed

In the article “IPAA-Backed Study Says EPA Finding in Pavillion, WY, ‘Unsupported'” (see Shale Daily, May 18), NGI incorrectly stated that S.S. Papadopulos & Associates is Houston-based. The firm is based in Bethesda, MD. NGI regrets the error.

The cash market overall on average tallied a four cent gain Thursday as the market piggy-backed off the screen’s nearly 12 cent advance Wednesday and points in the East were expected to see well above normal temperatures. Most cash points proved strong with the exception of a handful of spots in the Northeast. The Energy Information Administration (EIA) reported a build of 61 Bcf, a bit more than the market was expecting and futures eased. At the close of futures trading June had fallen 2.4 cents to $2.594 and July fell 1.4 cents to $2.673. June crude oil continued lower falling 25 cents to $92.56/bbl.

In the article “TransCanada: Marcellus-Backed Flow Reversal Is Inevitable” (see NGI, Feb. 27), NGI incorrectly stated that Union Gas is working on plans for a new import route from New York State to its Dawn storage and trading hub in southern Ontario. Union Gas in fact has no plans for a competitive pipeline with an import route from New York State to Dawn. The company says it has discussed the need for an expansion of pipeline capacity east of Parkway to Maple to relieve a transportation bottleneck on this corridor, and it continues to believe an expansion of this path is required. NGI regrets the error.

In the article “TransCanada: Marcellus-Backed Flow Reversal Is Inevitable” (see Daily GPI, Feb. 27), NGI incorrectly stated that Union Gas is working on plans for a new import route from New York State to its Dawn storage and trading hub in southern Ontario. Union Gas in fact has no plans for a competitive pipeline with an import route from New York State to Dawn. The company says it has discussed the need for an expansion of pipeline capacity east of Parkway to Maple to relieve a transportation bottleneck on this corridor, and it continues to believe an expansion of this path is required. NGI regrets the error.

Energy industry-backed changes to New Mexico’s rules for handling natural gas and oil drilling and production waste, the so-called pit rule, have been put on hold by a state judge until a hearing scheduled in June. Until that hearing is held, attempts by the state’s two major industry groups, the Independent Petroleum Association (IPA) and Oil and Gas Association (OGA), may not be able to seek administrative changes.

A sweeping pipeline safety bill backed by industry and safety advocates alike passed both houses of Congress last week and will be sent to President Obama, who is expected to sign the bill into law before the end of the year.

A sweeping pipeline safety bill backed by industry and safety advocates alike passed the U.S. House of Representatives with bipartisan support on Monday and now moves on to the Senate.

Sundrop Fuels Inc., a gasification-based biofuels company backed by Chesapeake Energy Corp., announced that it is buying about 1,200 acres of land in Louisiana to build its first production facility. The inaugural plant, using sustainable forest waste combined with hydrogen from natural gas, will produce up to 50 million gallons a year of what the company claims would be the world’s first “ready-to-use, renewable green gasoline.”

Legacy Reserves LP has backed out of a deal to buy some of Encana Corp.’s natural gas assets in Wyoming because of a groundwater well pollution investigation by federal authorities.