As ifoperating without a quorum weren’t enough trouble, FERC was forced to close its headquarters at 11 a.m. EST Wednesday due to a water emergency.
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September natural gas is expected to open 4 cents higher Friday morning at $3.92 as traders anticipate a cautious move above $4. Overnight oil markets rose.
With solid second quarter results in the books, Encana Corp. is taking a look at its entire North American portfolio and has begun putting a “new emphasis on our portfolio of emerging liquids plays,” CEO Doug Suttles told investors on Wednesday.
A wildfire along the Western Slope in Colorado south of Rangely in the Piceance Basin prompted Denver-based Encana Oil & Gas (USA) Inc. to close 500 conventional natural gas wells in Rio Blanco County and evacuate an eight-worker plant. The shutdown was expected to continue at least through Friday, a Colorado-based Encana spokesperson told NGI.
Plan would also have drillers use natural gas-fueled rigs, but conflict arises between E&Ps and drilling companies regarding the use of gas at the well sites.
The Interior Department is “very close” to releasing rules governing the use of hydraulic fracturing (fracking) of oil and natural gas wells located on public lands, Secretary Sally Jewell said last Tuesday in her first appearance before Congress. A New Jersey congressman, who said he saw a leaked copy, indicated last week that the draft rules appeared to be a water-downed version of the rules proposed last year.
The Interior Department is “very close” to releasing rules governing the use of hydraulic fracturing (fracking) of oil and natural gas wells located on public lands, Secretary Sally Jewell said Tuesday in her first appearance before Congress.
Proposed energy bills in the North Dakota legislature continue to hold the spotlight as state lawmakers move closer to their scheduled May adjournment. At least one proposal that could have had a negative impact on oil/natural gas operators was defeated last Friday.
With close cooperation with its major unions, a lot of new management expertise and a commitment throughout its company workforce, Pacific Gas and Electric Co.’s (PG&E) natural gas system has risen from the trauma of the San Bruno pipeline rupture and explosion two and a half years ago, Nick Stavropoulos, PG&E Corp. executive vice president of gas operations, told an energy conference in Houston Tuesday.
Texas will provide $1 million to close a deal with Ascend Performance Materials Texas Inc. to build a propane dehydrogenation (PDH) facility near Houston, Gov. Rick Perry said.