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To become less vulnerable to natural gas basis risk is a key reason Energy Transfer Equity LP (ETE) has aggressively pursued Southern Union Co., ETE Chairman Kelcy Warren said Thursday.

NuStar Energy LP has signed separate deals with Valero Energy Corp. and EOG Resources Inc. that will affect several shale plays. Under the Valero deal, NuStar will construct a new pipeline to transport Eagle Ford crude oil to Valero’s processing plants. Meanwhile, EOG will ship 70,000 b/d of crude oil from the Bakken, Eagle Ford and other shale plays by train to NuStar’s terminal at St. James, LA, and will add 360,000 bbl of storage capacity there. NuStar’s share of construction costs should be between $30 million and $40 million.

To become less vulnerable to natural gas basis risk is a key reason Energy Transfer Equity LP (ETE) has aggressively pursued Southern Union Co., ETE Chairman Kelcy Warren said Thursday.

Officials in a New Jersey township have joined environmental groups in opposition to plans to expand one of the state’s natural gas pipelines, which would bring Marcellus Shale gas to markets in the state and the New York City metropolitan area.

Southern said based on weather forecasts and projected system demand, five delivery groups will become subject to an OFO Type Level 1 Tuesday until further notice. Penalties of $10/Dth will apply to shippers whose allocated deliveries in those groups exceed 105% of their daily entitlement, Southern said. See the bulletin board for details.

While the most vocal opposition to Laser Northeast Gathering Co. LLC’s bid to gain public utility status for a proposed gathering system in northeast Pennsylvania is coming from members of the public, there is opposition from within the industry as well.

Encore Energy Partners LP is to become a wholly owned subsidiary of Vanguard Natural Resources LLC’s operating company, Vanguard Natural Gas LLC, through a unit-for-unit exchange that would give Vanguard the rest of Encore it doesn’t already own, the companies said Monday.

In the wake of the Macondo well blowout in the Gulf of Mexico (GOM), the region has become significantly less attractive for gas and oil investment , according to the Fraser Institute’s Global Petroleum Survey 2011 of energy executives.

In the wake of the Macondo well blowout in the Gulf of Mexico (GOM), the region has become significantly less attractive for gas and oil investment , according to the Fraser Institute’s Global Petroleum Survey 2011 of energy executives.