Since its analyst meeting early last year, Sempra Energy senior management has signaled that its newly designated U.S. Gas & Power (USGP) unit was intent on moving away from merchant power assets in the West and deploying more capital in the Southeast to support its gas infrastructure strategy. USGP maintains a regional headquarters in Greenville, SC.
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Texas Regulator: Burn Excess Gas for Oil Patch Power
Railroad Commission of Texas (RRC) Commissioner David Porter, founder of the state’s Eagle Ford Task Force, wants more excess natural gas to be used for power generation at drilling sites instead of being flared.
Railroad Signs NGL Transport Agreement with Utica East
Genesee & Wyoming Inc. (GWI) announced Monday that one of its railroad subsidiaries has signed a long-term agreement to transport natural gas liquids (NGL) and serve a fractionation facility being built by Utica East Ohio Midstream LLC (UEO) in Harrison County, OH.
Shale’s Impact Prompts Effort to Synch NatGas, Electricity Markets
With production out of the nation’s shale plays holding down natural gas prices and electricity generation becoming ever more dependent on inexpensive gas, coordination between the two markets will continue to be a top priority and a series of other issues need to be resolved, according to panelists at the Energy Bar Association (EBA) Mid-Year conference in Washington, DC, Friday.
Range Accelerates Mississippian on Early Well Results
Range Resources Corp.’s planned five-rig drilling program for 2013 in the Mississippian Lime, which was scheduled to start up early next year, already is under way based on encouraging results from a crop of wells in the Nemaha Ridge area, the company said last week.
Range’s Mississippian Program Accelerates on Early Well Results
Range Resources Corp.’s planned five-rig drilling program for 2013 in the Mississippian Lime, which was scheduled to start up early next year, already is under way based on encouraging results from a crop of wells in the Nemaha Ridge area, the company said Thursday.
EmKey Acquires NatGas Pipeline Route in New York
A subsidiary of EmKey Energy LLC has acquired the rights to a 75-mile right-of-way (ROW) through three counties in New York’s Southern Tier, in the heart of the state’s portions of the Marcellus and Utica shales.
Buyers Not Chasing Surging Cash Market; December Gains 17 Cents
The cash market jumped nearly 29 cents on average Tuesday as a cold front dropped high temperatures recorded early in the day by as much as 20 degrees in just minutes. Northeast and eastern points in the crosshairs of the cold front jumped the most, with some points realizing multi-dollar gains. Gulf and Great Lakes points were also strong. December futures added 16.9 cents to $3.739 and January advanced 16.2 cents to $3.857. December crude oil slipped 19 cents to $85.38/bbl.
Three U.S. Shale Plays Lift Marathon Earnings, Output
Marathon Oil Corp.’s third quarter profits jumped 11% year/year on strong revenue growth and increased production, especially from the Eagle Ford Shale.
Ohio Utica Drilling Permits Surpass 400
The Ohio Department of Natural Resources (ODNR) said it has issued 431 permits for drilling horizontal wells into the Utica Shale.