The Pennsylvania Department of Environmental Protection (DEP) has granted Cabot Oil & Gas Corp. permission to discontinue potable water deliveries to several Dimock Township residents by Nov. 30.
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Due to limited takeaway capacity during Stagecoach Storage maintenance that began Wednesday and will continue through Thursday (see Daily GPI, Sept. 6a), Tennessee said its operational flexibility to manage imbalances in Zone 4 on Line 300 between Stations 315 (Wellsboro, PA) and 321 (West Clifford, PA) is restricted. Thus it declared an Imbalance Warning for the line in Zone 4 Wednesday, requiring all delivery point operators between the two stations to keep actual daily takes out of the system equal to or greater than scheduled quantities regardless of their cumulative imbalance position. All receipt point operators in the segment are required to keep actual daily receipts into the system equal to or less than scheduled quantities regardless of their cumulative imbalance position.
Offering two alternatives for consideration, a Southwest Gas Corp. rate case settlement valued at $52.6-54.9 million began the Arizona regulatory process earlier this month and hearings continued Wednesday. Each alternative attempts to decouple monthly gas utility charges from revenues among other things to avoid penalizing the utility for successful energy saving efforts.
The Securities and Exchange Commission (SEC) “recently began serving” subpoenas on producers active in natural gas shale development, according to Baird Equity Research, which cited an “attorney advertisement” issued by Houston law firm Fulbright & Jaworski as its source.
Prices were in modest rally mode at a large majority of points Wednesday as heat levels began to trend upward again in key northern market areas and what had previously appeared to be a benign tropical wave south of Cuba was designated as Tropical Storm Don in the afternoon as it headed into the Gulf of Mexico.
Some easing of hot weather going into the weekend had been reversed as the new trading week began, and prices were up strongly across the board Monday — even featuring a couple of dollar-plus jumps in New England as peak temperatures neared 90 in the Boston area.
Mountainview Energy Ltd. announced Wednesday that its founder, Joseph Montalban, has resigned from the company’s board of directors effective May 19. Montalban began his career in the oil and gas industry in the early 1950s, first as a roughneck in Alberta and then as a vice president for Flank Oil. He discovered oil in the Bakken Shale after drilling the Bugby #1 well in Glacier County, MT for Flank in 1957. He formed Montalban Drilling in the late 1950s and two public companies in the early 1970s, which would become MSR Exploration Ltd. in 1983. He also founded Gyspy Highview Gathering System Inc. In 2001 Montalban and his son, Patrick, formed Mountainview, which trades on the TSX Venture Exchange. Mountainview, based in Cut Bank, MT, is focused on exploration, production and development of the Bakken and Three Forks shales in the Williston Basin and the south Alberta Bakken shale play.
ANR began repairs Tuesday at its Portland (IN) Compressor Station in the Northern Fuel Segment (ML-7), which are limiting Defiance South-CTFP northbound capacity by 190 MMcf/d, leaving 919 MMcf/d available through Friday. Based on current nominations, it is anticipated that the reduction may result in the curtailment of IT and Firm Secondary nominations, ANR said.