East

Castleton Commodities International LLC agreed Friday to pay Anadarko Petroleum Corp. $1 billion-plus for upstream and midstream properties in the Carthage producing area of East Texas.

December natural gas is set to open a penny higher Wednesday morning at $2.72 as traders factor in expected cold in eastern markets later in the month. Overnight oil markets were mixed.

September natural gas is expected to open 2 cents higher Wednesday morning at $2.78 as weather forecasts over key market areas once again ratcheted warmer. Overnight oil markets fell.

September natural gas is set to open 3 cents higher Tuesday morning at $2.71 as weather forecasts again turned warmer and the tropical Atlantic added another storm. Overnight oil markets fell.

Hazardous cargo “sloshing” and tanker traffic rights have surfaced as concerns that Atlantic Coast industry will float during regulatory hearings on TransCanada Corp.’s Energy East plan for partial conversion of its natural gas Mainline to oil service.

August natural gas is set to open 5 cents lower Tuesday morning at $2.70 as traders have no new weather information to focus on and petroleum markets continue to weaken.

TransCanada Corp. added dimensions of buy-Canadian and union-made Thursday to the Energy East proposal for partial conversion and extension of its national natural gas Mainline to oil service from Alberta to the Atlantic Coast.

In a story published July 1, “Appalachian Basin Lacks Adequate NGL Storage, Pipelines For Demand, More Crackers” (see Shale Daily,June 30), NGI’s Shale Daily incorrectly stated that Sunoco Logistics Partners LP’s Mariner East 1 natural gas liquids pipeline could eventually be converted to carry natural gas if an expansion pipeline is built. Senior Vice President for Business Development Joseph Colella said that if the Mariner East 2X pipeline is built, the Mariner East 1 pipeline currently in service could be converted to natural gasoline or become a bidirectional line for refined products, such as gasoline, diesel or jet fuel, for example. All three Mariner East pipelines would have a combined natural gas liquids capacity of up to 745,000 b/d, and could not be scaled higher, as the article originally said. NGI regrets the errors.

After three years of industry bargaining, community meetings, aboriginal consultations and route changes, TransCanada Corp. Thursday won the first round in the battle over the proposed Energy East partial conversion of its natural gas Mainline to oil service.