Consumers

Skepticism of conventional wisdom is rarely out of place, particularly in the energy patch. But when the oil and gas industry is dealing with consumers, citizens and landowners, sincerity is the order of the day.

Skepticism of conventional wisdom is rarely out of place, particularly in the energy patch. But when the oil and gas industry is dealing with consumers, citizens and landowners, sincerity is the order of the day.

With ethane prices down more than 30% in January alone, consumers and analysts on the consuming end of the ethane pipeline might be tempted to say the market is moving toward saturation. Not so, said Enterprise Products Partners COO Jim Teague; the bears are “talking their book.

With ethane prices down more than 30% in January alone, consumers and analysts on the consuming end of the ethane pipeline might be tempted to say the market is moving toward saturation. Not so, said Enterprise Products Partners COO Jim Teague; the bears are “talking their book.

In response to low natural gas prices, Chesapeake Energy Corp. on Monday said it would “immediately” curtail 0.5 Bcf/d, or 8% of its current operated gross natural gas output, which is 6.3 Bcf/d. As much as 1 Bcf/d could be curtailed “if conditions warrant.”

Quebec natural gas consumers have been granted a reprieve from losing heating season supplies as a result of a potential hazard on their lone pipeline.

The energy status quo in Alaska “isn’t good enough,” and the industry, regulators, lawmakers and consumers all need to reconsider how the state handles oil and gas, according to Gov. Sean Parnell. And targeting natural gas markets in Asia, rather than the Lower 48, should be one of the things considered, he said.

The energy status quo in Alaska “isn’t good enough,” and the industry, regulators, lawmakers and consumers all need to reconsider how the state handles oil and gas, according to Gov. Sean Parnell. And targeting natural gas markets in Asia, rather than the Lower 48, should be one of the things considered, he said.

Continued production growth and new pipelines connecting producing areas to consumers have helped keep natural gas prices low, despite a 2.6% increase in demand this year, and market conditions going into the winter are generally positive, according to FERC’s Office of Enforcement (OE).