Black

Industry Briefs

Rapid City, SD-based Black Hills Corp.’s Cheyenne Light, Fuel & Power utility said it has filed with the Wyoming Public Service Commission to recover natural gas and electric infrastructure costs with its first general rate increase request since 2008. The company seeks annual increases of $2.6 million, or 6.7%, for gas utility customers and $5.9 million, or 5.9%, for power consumers. The combination utility also is seeking a 10.9% authorized return on equity and a 54-46% equity-to-debt ratio as part of the rate request to be effective April 1 next year. Residential customers using both electricity and gas would face a combined average monthly utility bill increase of close to $10 ($5.14/month for gas and $4.33/month for electricity). Cheyenne Light serves 34,600 gas customers and 39,600 electric customers.

December 6, 2011

New York Coalition Says Fracking Can Be Done Safely

A new coalition of 16 community, landowner and business groups — including several construction companies — has organized to convey the message that hydraulic fracturing (fracking) can be performed safely in New York state and would provide jobs and economic growth.

November 15, 2011

Halliburton’s Goal: ‘Frack of the Future’

In terms of oilfield services supply and demand conditions, Halliburton Co. CEO Dave Lesar sees the U.S. unconventional basins in black-and-white terms: oversupplied, undersupplied or neutral.

October 24, 2011

Halliburton Sees No Slowdown in North America’s Onshore

In terms of oilfield services supply and demand conditions, Halliburton Co. CEO Dave Lesar sees the U.S. unconventional basins in black-and-white terms: oversupplied, undersupplied or neutral.

October 18, 2011

Industry Brief

Rapid City, SD-based Black Hills Corp.’s Wyoming combination utility proposed Monday to build and operate a $158 million natural gas-fired electric generation peaking facility in the city of Cheyenne. In a filing to the state Public Service Commission (PSC), Cheyenne Light, Fuel & Power proposed the development of three 40 MW simple-cycle peaking units. If approved by the PSC, the utility plans to begin construction in 2013 and have the facility operable by 2014. Located within close proximity to existing power lines, the proposed plant would provide added tax benefits and electric reliability for customers, according to the utility. Mark Stege, vice president for operations, called the proposal the “right investment” to serve increasing electric demand in the area and maintain “reliability that customers expect from our company.”

August 2, 2011

EPA: Gas Distribution Possible Without CNYOG’s Marcellus Project

Central New York Oil and Gas Co.’s (CNYOG) proposed MARC-I Hub Line Project, which would deliver additional Marcellus Shale and Trenton Black River natural gas to Northeast markets, may not be needed, according to the Environmental Protection Agency (EPA).

July 20, 2011

Sempra Reports First LNG Profits; Predicts More in 2010

For the first time, San Diego-based Sempra Energy reported Thursday that its liquefied natural gas (LNG) business unit was in the black at the end of 2009, and the prospects are good for substantially greater profits this year from its Energia Costa Azul LNG terminal along the North Baja California Pacific Coast in Mexico and at Cameron along the Louisiana Gulf of Mexico coast.

March 1, 2010

Sempra Reports First LNG Profits; Predicts More in 2010

For the first time, San Diego-based Sempra Energy reported Thursday that its liquefied natural gas (LNG) business unit was in the black at the end of 2009, and the prospects are good for substantially greater profits this year from its Energia Costa Azul LNG terminal along the North Baja California Pacific Coast in Mexico and at Cameron along the Louisiana Gulf of Mexico coast.

March 1, 2010

Canada’s Export Premium Returns with Strengthened U.S. Dollar

Deliveries to the United States tapered but favorable price and currency exchange trends kept Canadian natural gas exporters running in the black through the summer, igniting a drilling revival that has continued this fall.

November 17, 2008

Stronger U.S. Dollar Lifts Canada’s Gas Exports

Deliveries to the United States tapered but favorable price and currency exchange trends kept Canadian natural gas exporters running in the black through the summer, igniting a drilling revival that has continued this fall.

November 17, 2008