Citing Florida forecasts of temperatures in the high 90s, Florida Gas Transmission issued an Overage Alert Day for market-area customers Friday carrying a 25% tolerance for negative daily imbalances.
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Norse Readies for Release of New York Fracking Rules
Norse Energy Corp. ASA, which early in the year had sent notices of force majeure in response to New York’s ban on permitting for drilling operations involving hydraulic fracturing (fracking), has reallocated resources to focus on Marcellus and Utica shale development in anticipation of new rules allowing the use of fracking in the state, the company said Tuesday.
Transportation Notes
Citing low linepack on upstream pipeline Kern River, Southwest Gas issued a Hold Burn to Scheduled Quantities notice Wednesday. Southwest asked shippers to limit actual takes to no more than their scheduled nominations.
Northern Border Credit Rating Downgraded to ‘BBB+’
Standard & Poor’s (S&P) Ratings Services said last Tuesday it was downgrading the credit rating of Northern Border Pipeline Co. (NBPL) from “A-” to “BBB+,” citing an oversupply of natural gas in the Midwest and concerns over expiring transportation contracts.
Bulls Can’t Get Weather Traction; August Slips
The August natural gas contract put in another uninspired performance Tuesday as weather reports citing continued hot weather seem to be losing their market-moving punch. August fell 1.6 cents to $4.370 and September eased 2.4 cents to $4.331. September crude oil rose 39 cents to $99.59/bbl.
S&P Downgrades Northern Border to ‘BBB+’ Rating
Standard & Poor’s (S&P) Ratings Services said Tuesday it was downgrading the credit rating of Northern Border Pipeline Co. (NBPL) from “A-” to “BBB+,” citing an oversupply of natural gas in the Midwest and concerns over expiring transportation contracts.
Exxon Joins Force Majeure Ranks in New York
ExxonMobil Corp. is declaring force majeure on its leases in New York, citing ongoing permitting delays.
Transportation Notes
Citing a need to maintain linepack and protect system integrity, Tennessee issued Monday a Balancing Alert OFO for market-area Zones 5 and 6, saying shippers in those zones were required to maintain an actual daily flow rate not exceeding a tolerance of 2% of scheduled quantities or 500 Dth, whichever is greater, for underdeliveries into the system and overtakes from the system.
Ohio Sees Increase in Out-of-State Well Wastewater
Ohio officials say the percentage of wastewater originating from out-of-state natural gas wells has increased 10% and predicts that it will continue to climb in the coming years.
Head of Obama Frack Panel ‘Must Step Down’
Citing his financial ties to the oil and natural gas industry, an attorney with a Washington, DC-based advocacy group has called on the Obama administration to replace the chairman of the subcommittee exploring the risks associated with hydraulic fracturing (fracking).