Nationwide natural gas prices rose on average by three cents Monday as firm West Coast power prices helped boost interest in next-day gas, and eastern locations were led by a key Marcellus point. Futures prices gained on light volume as bulls were encouraged by the market’s ability to hold $2.30. At the close of futures trading June had risen 5.7 cents to $2.336 and July was up by 5.1 cents to $2.422. June crude oil continued lower dropping 55 cents to $97.94/bbl.
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Articles from Boost
Michigan Lawmakers Weigh Initiatives to Boost Gas, Oil Development
A bipartisan group of Michigan House lawmakers is urging its colleagues to consider ways to boost natural gas exploration, development and production, including a proposal to put more land up for oil and natural gas leasing, including its considerable unconventional resources, that include the Antrim, Collingwood and Utica shales.
April 26, 2012
Utah Gas Production Plans Boosted by BLM
The prospects for expanding natural gas exploration and production (E&P) on federal Bureau of Land Management (BLM) lands in eastern Utah were given a boost by the federal agency on Friday, although the action drew strong opposition from environmental groups concerned about the impact on a rugged wilderness area.
March 20, 2012
Millennium Compressor Project Gets Favorable Environmental Nod
FERC Friday issued a favorable environmental assessment to Millennium Pipeline Co. LLC for a natural gas compressor station project in Minisink, NY, to boost firm deliveries of Marcellus Shale gas to its interconnection with Algonquin Gas Transmission LLC at Ramapo, NY, to approximately 675,000 Dth/d to serve the Northeast and New England markets.
March 6, 2012
PG&E Seeks Cooperative Pipe Safety Plan
Pacific Gas and Electric Co.’s (PG&E) four-year, $2.2 billion plan to boost the safety and maintenance of its natural gas pipeline system is being more aggressively defended by executives, who have called for California regulators and major gas utility pipeline operators to work more cooperatively to implement a comprehensive upgrade to the intrastate gas pipeline network.
March 5, 2012
Trio Plans Marcellus Takeaway Pipeline
Inergy Midstream LP, UGI Energy Services Inc. and Capitol Energy Ventures Corp., a unit of WGL Holdings Inc., plan to develop the Commonwealth Pipeline to carry Marcellus Shale production to market.
March 2, 2012
PG&E Defends Pipe Plan, Seeks Cooperative Safety Effort
Pacific Gas and Electric Co.’s (PG&E) four-year, $2.2 billion plan to boost the safety and maintenance of its natural gas pipeline system is being more aggressively defended by executives, who called Tuesday for California regulators and major gas utility pipeline operators to work more cooperatively to implement a comprehensive upgrade to the intrastate gas pipeline network.
March 1, 2012
Newfield Continues Transition to Oil Company
Newfield Exploration Co. said that in 2012 it will devote more of its capital expenditure (capex) program and boost production in natural gas liquids (NGL) and oil — at the expense of natural gas — as it looks to become an oil-weighted company by 2013.
February 24, 2012
Midstream Buildout Promises $511B Bonanza, INGAA Study Says
An unprecedented midstream infrastructure building boom offers the potential for tens of thousands of jobs and a $511 billion cumulative boost to the U.S. economy during the next 23 years, according to the Interstate Natural Gas Association of America (INGAA). The infrastructure is necessary to deliver domestic natural gas, liquids and crude oil from domestic shale plays.
February 21, 2012
Midstream Buildout Promises $511B Bonanza, Says INGAA
An unprecedented midstream infrastructure building boom offers the potential for tens of thousands of jobs and a $511 billion cumulative boost to the U.S. economy during the next 23 years, according to the Interstate Natural Gas Association of America (INGAA). The infrastructure is necessary to deliver domestic natural gas, liquids and crude oil from domestic shale plays.
February 20, 2012
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