Cash prices fell 7 cents on average Thursday as traders ignored a powerful East Coast storm and concentrated on getting deals done before the release of government inventory data.
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Vanguard Is Oil/Gas ‘Agnostic,’ Focused on Margin
Unlike many producers today, Vanguard Natural Resources LLC is not necessarily focused on oil and natural gas liquids (NGL)-rich acquisitions. The company has done recent deals for both liquids and dry gas assets, instead focusing on margin and how the properties fit into its structure, CEO Scott Smith said Monday.
Encana Moves Back into Haynesville
Natural gas prices may not be attractive enough for some producers, but Encana Corp.’s management team said it’s possible to make enough money in the Haynesville Shale to justify a five-rig program this year.
U.S. Capital: More Ethane Rejection Coming in 2013
Producers gored natural gas prices with the drillbit and have done the same to natural gas liquids (NGL) prices. Ethane rejection — seen last year in the Rockies and Midcontinent — could be “widespread” this year, and the Northeast could see gas production shut-ins as pipeline specification limits are tested, according to a midstream outlook prepared by U.S. Capital Advisors.
U.S. Capital: More Ethane Rejection Coming in 2013
Producers gored natural gas prices with the drillbit and have done the same to natural gas liquids (NGL) prices. Ethane rejection — seen last year in the Rockies and Midcontinent — could be “widespread” this year, and the Northeast could see gas production shut-ins as pipeline specification limits are tested, according to a midstream outlook prepared by U.S. Capital Advisors.
North Dakota Turns Corner on Flaring, Officials Say
When considering the increased rate that wells are getting connected to gathering pipeline systems, North Dakota is “turning the corner” on the volumes of natural gas flaring despite the relatively high percentage of associated gas that is still being burned at the wellhead, state officials told NGI’s Shale Daily.
Post-Storage Report Weakness Corrals Bulls
Physical natural gas prices overall traded down an average of about a dime Thursday as most traders elected to get deals done prior to the release of Energy Information Administration (EIA) storage data.
New York Rules Delay Frustrates Oil, Gas Operators
If New York regulators don’t meet a Nov. 29 deadline to finalize the rulemaking process for natural gas drilling using hydraulic fracturing (fracking), it may force more producers and service companies to move out of state, a spokesman for the Independent Oil and Gas Association of New York (IOGA-NY) said Monday.
AES Plans Major Changes in California Gas-Fired Assets
What new state requirements restricting ocean water use to cool California’s string of coastal natural gas-fired power plants have done to reshape the state’s reliance on gas-fired generation has been magnified by the unexpected loss of the 2,200 MW San Onofre Nuclear Generating Station (Songs) this year.
Wellinghoff: Coordinating Power, Natural Gas Not ‘Major Problem’
A recent series of regional technical conferences made it clear that there is plenty to be done to address coordination issues between the gas and electricity markets, but a rulemaking from federal regulators may not be the way to address those issues, according to FERC Chairman Jon Wellinghoff.