Balance

Pennsylvania Gas Tax Deal Remains Elusive

With less than two weeks remaining until an election that could shift the balance of power in Harrisburg, Pennsylvania Gov. Ed Rendell and the state’s General Assembly remain deadlocked over a proposed natural gas severance tax.

October 21, 2010

Pennsylvania Continues Search for Common Ground on Gas Tax

With less than two weeks remaining until an election that could shift the balance of power in Harrisburg, Pennsylvania Gov. Ed Rendell and the state’s General Assembly remain deadlocked over a proposed natural gas severance tax.

October 21, 2010

DCP Midstream Buys Rockies NGL Pipeline From Buckeye Partners

DCP Midstream Partners LP has bought a Colorado-to-Kansas natural gas liquids (NGL) pipeline system from Buckeye Partners LP for $22 million in cash, the companies said Thursday. The partnership said the acquisition supports its expansion efforts that target growing producer demand.

January 29, 2010

DCP Midstream Buys Rockies NGL Pipeline From Buckeye Partners

DCP Midstream Partners LP has bought a Colorado-to-Kansas natural gas liquids (NGL) pipeline system from Buckeye Partners LP for $22 million in cash, the companies said Thursday. The partnership said the acquisition supports its expansion efforts that target growing producer demand.

January 29, 2010

With No Surplus ‘New Day’ Seen for Natural Gas; February Up 20.4 Cents

February natural gas futures made double-digit gains Friday as traders see a fundamental shift in the supply-demand balance in the long term and factor in another spate of bone-chilling cold. At the close February futures rose 20.4 cents to $5.819 and March added 18.2 cents to $5.750. March crude oil continued its slide lower, dropping $1.54 to $74.54/bbl.

January 25, 2010

Transportation Notes

CIG said it “is beginning to see some progress in achieving balance in its storage fields,” but the Ft. Morgan and Latigo facilities “continue to operate above the storage guidelines.” Therefore the previously announced Strained Operating Condition, OFO and Underperformance Caps will remain in place until further notice, CIG said, adding that it will update its assessment of operating conditions for the upcoming weekend no later than 2 p.m. MDT Thursday.

July 8, 2009

To Get Drillers Moving, Analyst Says $7.50 Gas Price Required

A $7.50/Mcf natural gas price in 2010 would provide the economic impetus to lift drilling activity enough to maintain market balance, even with an anticipated 20% decline in oilfield service price deflation, SunTrust Robinson Humphrey (STRH) energy analysts said last week.

May 18, 2009

Analyst Sees Need for $7.50 Gas Price in 2010 to Spur Drilling

A $7.50/Mcf natural gas price in 2010 would provide the economic impetus to lift drilling activity enough to maintain market balance, even with an anticipated 20% decline in oilfield service price deflation, SunTrust Robinson Humphrey (STRH) energy analysts said Thursday.

May 15, 2009

McClendon Sees Natural Gas (LNG) Exports in the U.S. Future

There’s more than one way to rescue the U.S. balance of payments deficit and Oklahoma’s own Aubrey McClendon, CEO of Chesapeake Energy, may have hit on it with his idea to export increasingly abundant North American natural gas, shipping it over the oceans in liquid form.

August 4, 2008

McClendon Sees Natural Gas (LNG) Exports in the U.S. Future

There’s more than one way to rescue the U.S. balance of payments deficit and Oklahoma’s own Aubrey McClendon, CEO of Chesapeake Energy, may have hit on it with his idea to export increasingly abundant North American natural gas, shipping it over the oceans in liquid form.

August 4, 2008