Physical natural gas prices rose an average of 9 cents overall Monday, led by healthy gains in constrained Marcellus Shale points and a buoyant, weather-driven screen. All points were in the black, but East and Northeast points led the charge higher in some cases by double digits. Midwest and Midcontinent locations were higher by about a nickel.
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Articles from Deliveries
Rockies, Midcontinent Gain; Bears Too Comfortable, Analyst Says
Physical natural gas prices overall averaged a little over a penny higher on Friday for weekend and Monday gas deliveries. Midcontinent prices fluctuated from flat to a penny or two higher, and deliveries to Rocky Mountain points were able to climb about a penny higher.
Enterprise Adds Texas NGL Fractionation, Crude Storage
The initial phase of Enterprise Products Partners LP’ Enterprise Crude Houston (Echo) storage terminal is complete and the facility is receiving deliveries of crude oil. Separately, the partnership said its sixth natural gas liquids (NGL) fractionator at Mont Belvieu, TX, has entered operation.
Industry Briefs
Natural Gas Pipeline Co. of America (NGPL) has kicked off an open season for space on its Sabine Henry Hub Project for deliveries to a proposed new delivery point to be located in Cameron Parish, LA — the site of an existing liquefied natural gas terminal and proposed export facility. The pipeline, which is a subsidiary of Kinder Morgan, proposed the $8.6 million project after it received a request from a shipper, which NGPL declined to identify, for 225,000 Dth/d of firm capacity to transport gas to the proposed delivery point at Cameron Parish. The shipper has subscribed the entire capacity of the expansion for a primary term of 10 years and has agreed to bear the full cost of the project. Depending on the open season reason, NGPL will “evaluate whether a bigger project makes economic sense based on the bids received in response to the open season,” said Kinder Morgan spokesman Joe Hollier. As part of the expansion, new meter facilities would be installed at the the interconnection between NGPL and Sabine Henry Hub to allow the bi-directional flow of up to 500,000 Dth/d in each direction. The open season will run through Oct. 15.
Halliburton Defers Some Pressure Pump Spending to 2013
Some of Halliburton Co.’s pressure pumping deliveries in North America originally planned for this year will be deferred to 2013 to deal with “inefficiencies” that followed onshore producers moving from dry natural gas plays to more liquids-rich regions, company executives said Wednesday.
‘Epa-Dimock’ Over? Testing Finds No Contamination from Drilling
The U.S. Environmental Protection Agency (EPA) said Thursday initial test results of water samples taken from 11 households in the Carter Road/Meshoppen Creek Road area of Dimock Township, PA, do not indicate any levels of contamination from natural gas drilling.
Transportation Notes
Saying daily demand exceeds its capacity, Southern issued Wednesday an OFO Type 3 Level 2 allocating deliveries at 16 groups on its system.
Transportation Notes
Because of increased flow on Algonquin and its resulting ability to blend additional supplies, Millennium said it was permitted Thursday to increase deliveries from 250,000 Dth/d to 325,000 Dth/d. Millennium said it planned to carry out the scheduled work Friday aimed at improving its moisture levels and restoring the Ramapo delivery point into Algonquin to full capacity.
EPA in Dimock, PA, Urging Residents to Participate in Survey
Officials with the U.S. Environmental Protection Agency (EPA) were in Dimock Township, PA on Thursday and Friday, asking residents to participate in a voluntary survey to address “potential gaps in sampling and sample results.”
Transportation Notes
Southern California Gas declared a high-linepack OFO for Saturday, setting a 10% tolerance for positive daily imbalances on deliveries into its system.