California

SoCal Edison Power Line Possibly Sparks California’s Silverardo Wildfire

SoCal Edison Power Line Possibly Sparks California’s Silverardo Wildfire

A Southern California Edison Co. (SCE) power line may have been involved in the start of a wildfire raging in a foothills portion of Orange County, officials at parent company Edison International (EI) said Tuesday. SCE earlier this week told state regulators the 11,000-acre Silverado Fire in Orange County was 5% contained, and there “was…

October 29, 2020
California Boosts RNG, Improves Wildfire Protection

California Boosts RNG, Improves Wildfire Protection

California Gov. Gavin Newsom last month signed legislation to turn the biomass from forest waste and dead trees into renewable natural gas (RNG). According to the California Forestry and Fire Protection Department, aka CalFIRE, the state has nearly 150 million dead trees. Studies have pinpointed sources throughout the nation for producing RNG, including woody forest…

October 6, 2020
California Proposed Fracking Ban Called ‘Job Killer’

California Proposed Fracking Ban Called ‘Job Killer’

The California oil and natural gas industry is throwing cold water on Gov. Gavin Newsom’s plans to require by 2035 all new in-state cars and passenger truck sales be zero-emission and by 2024 have a legislative ban on oilfield hydraulic fracturing (fracking). In an executive order (EO) signed earlier this month, Newsom set out “clear…

September 28, 2020
California Well Abandonments Outpacing Drilling Permits

California Well Abandonments Outpacing Drilling Permits

California oil and natural gas permits for well abandonments to date this year are twice the number of new drilling permits being sought, according to regulators. The California Geologic Energy Management Division (CalGEM) said it has received the lowest number of well stimulation permit applications since late 2016 when state Senate Bill 4 took effect.…

September 8, 2020
California Extends Life for Four Coastal Natural Gas-Fired Plants

California Extends Life for Four Coastal Natural Gas-Fired Plants

California regulators on Tuesday extended the life of four coastal natural gas-fired power plants slated for retirement this year. The plants had been scheduled to be closed as part of a decade-old effort to eliminate sea water-cooled plants.  The California Water Resources Control Board action occurred after a series of rolling blackouts to manage the…

September 2, 2020
Southwest Gas Shrugs Off Covid-19 and Grows, Despite Economic, Energy Downturn

Southwest Gas Shrugs Off Covid-19 and Grows, Despite Economic, Energy Downturn

Las Vegas-based Southwest Gas Corp. (SWGas) continues to see its business units expand and expects that trend to continue, CEO John Hester said earlier this month. Covid-19 “is our No. 1 concern,” Hester said during the second quarter conference call. “We’re closely monitoring the impact on SWGas operations.” Demand to date is strong for services…

August 24, 2020
Winter Premium in Play as Nymex Natural Gas Futures Rally; California Cash Slides

Winter Premium in Play as Nymex Natural Gas Futures Rally; California Cash Slides

Natural gas futures soared higher Tuesday as traders attempted to close the massive gap between the front of the curve and the winter contracts. Despite little change in the fundamental backdrop, the September Nymex futures contract jumped 7.8 cents day/day to settle at $2.417. October climbed 8.0 cents to $2.556. Spot gas prices were mixed…

August 18, 2020
Market Monitoring California Heat Wave as Natural Gas Futures Rally Early

Market Monitoring California Heat Wave as Natural Gas Futures Rally Early

As extreme heat in the West was expected to continue supporting prices at the front of the curve, natural gas futures rallied in early trading Tuesday. The September Nymex contract was up 9.3 cents to $2.432/MMBtu at around 8:40 a.m. ET. California has been hit with record heat and rolling blackouts that have coincided with…

August 18, 2020
California Push for Oil, Gas Setbacks Stalls

California Push for Oil, Gas Setbacks Stalls

Efforts to buffer California residents from oil and natural gas wells hit a logjam earlier this month in the legislature, leaving the issue to Gov. Gavin Newsom, who last year promised to fix what some view as a problem. Assembly Bill 345 failed passage in the state Senate to establish minimum distances between wells and…

August 17, 2020
Bankruptcies Accelerating in North American Oil Patch, with More Carnage Said Likely

Bankruptcies Accelerating in North American Oil Patch, with More Carnage Said Likely

Bankruptcies in the North American oil patch “have substantially picked up pace” so far in 2020, due largely to the impact of Covid-19 on prices and demand, according to a new report published Tuesday by Haynes and Boone LLP. The Dallas-based international corporate law firm has been tracking bankruptcy filings in the exploration and production…

August 11, 2020
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