Sunoco Logistics Partners LP’s Mariner East pipeline projects are expected to contribute up to $4.2 billion to Pennsylvania’s economy alone, and they would create more than 30,000 jobs during construction in addition to 300-400 permanent jobs once operational, according to a study released Thursday.
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Rex Finishes 2014 Strong, With New Focus on Efficiency
Rex Energy Corp. exited 2014 producing 154.4 MMcfe/d, a 66% increase from the previous year that exceeded the high end of its guidance and came with gains in its core areas of western Pennsylvania and southeast Ohio, the company said Tuesday.
Partnerships Plan Haynesville, Cotton Valley Gathering Combo
Azure Midstream Energy LLC and Marlin Midstream Partners LP have agreed to transactions that would create one of the largest gathering and processing systems in the Haynesville Shale and horizontal Cotton Valley plays in East Texas and northern Louisiana.
Sunoco OKs Mariner East 2, Pursues Marcus Hook NGL Hub
The Mariner East 2 project, the second phase of a broad plan to expand natural gas liquids (NGL) transport out of the Appalachian Basin, is a go following a successful open season, Sunoco Logistics Partners LP said Thursday.
TransCanada’s Formal Gas-to-Oil Filing Sets Off Battle Royale
TransCanada Corp. gave natural gas shippers a promise Thursday that the proposed partial conversion of its Mainline to oil service will only proceed when all their firm transportation requirements are fulfilled.
Traders Await Hedge Selling Opportunities; November Called 3 Cents Lower
November natural gas is set to open 3 cents lower Monday morning at $3.59 as market bulls unsuccessfully scan the weather horizon for supportive developments and for the moment shun any hedging activity. Overnight oil markets fell.
Mild Forecast Stirs Bears; November Called 3 Cents Lower
November natural gas is set to open 3 cents lower Friday morning at $3.77 as traders see little in the way of supportive weather developments and envision the market trading at the low end of its ongoing trading range. Overnight oil markets recovered somewhat from recent selling.
Traders Mull Uninspired Weather, Technicals; October Called A Penny Higher
October natural gas is expected to open a penny higher Monday morning at $3.85 as traders digest both a weather pattern and technical outlook showing little likelihood of major price moves. Overnight oil markets were mixed.
Columbia East Side Expansion Gets Favorable EA
FERC issued a favorable environmental assessment (EA) for Columbia Gas Transmission LLC’s East Side Expansion Project, which would add 312,000 Dth/d of firm capacity to serve mid-Atlantic markets.
September Looking to Expire Firm; 4-Cent Higher Open Seen
The expiring September natural gas contract is expected to open 4 cents higher Wednesday morning at $3.95 as traders absorb forecasts of ongoing warm temperatures into their plans. Overnight oil markets rose.