Southern California Gas ended a high-linepack OFO Sunday. Northern California neighbor Pacific Gas and Electric had a systemwide high-inventory OFO in effect Sunday but canceled it Monday.
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Shales Send U.S. Gas, Oil Reserves Soaring
U.S. natural gas and oil reserves ended 2010 with the strongest combined annual growth in five years, according to the fourth annual benchmark study by Ernst & Young LLP.
Shale Lifts U.S. Reserves Numbers to Five-Year High
U.S. natural gas and oil reserves ended 2010 with the strongest combined annual growth in five years, according to the fourth annual benchmark study by Ernst & Young LLP.
Traders Await a ‘Double Whammy’ Thursday; June Gains
June natural gas futures gained ground as traders covered short positions prior to both the June contract expiration and the release of government inventory figures. At the closing bell June natural gas had risen 3.4 cents to $4.379 and July had gained 3.2 cents to $4.423. July crude oil jumped $1.73 to $101.32/bbl.
Industry Briefs
Southern California Edison Co. (SCE) has issued a new request for proposals (RFP) seeking an open-ended added amount of power supplies from solar, wind, geothermal, small hydroelectric and biomass sources. SCE is asking for proposals by June 27 and has scheduled a proposal conference for prospective bidders for May 26. The RFP calls for proposals of at least 1.5 MW in size, but there is no overall target amount of capacity that the utility is seeking in its latest offering, an SCE spokesperson told NGI. More information is available on the Edison International utility’s website (www.sce.com) under “RenewRFP.” Nearly 20% of SCE’s power supply came from renewable sources last year. SCE’s largest two sources of renewables are geothermal, which accounted for about half the supplies last year, and wind, which provided nearly another one-third of the renewable supplies.
Transportation Notes
Southern California Gas ended a high-linepack OFO after it had been in effect for Saturday only.
GasMart 2011: Engelder: Fracturing Won’t Contaminate Groundwater
The possibility of hydraulic fracturing (hydrofracking) contaminating groundwater by leaking to the surface through natural fractures remains “very, very unlikely,” according to the forefather of Marcellus Shale geology.
Crown Landing LNG Again Seeks Permit Extension
Continuing schedule delays — exacerbated by a ruling by the Department of Transportation Pipeline Hazardous Materials Safety Administration (PHSMA) that ended the use of a key vapor gas dispersion model — have prompted Crown Landing LLC to ask FERC for a one-year extension to revise a permit application for a liquefied natural gas (LNG) terminal on the Delaware River in Gloucester County, NJ.
Crown Landing LNG Again Seeks Permit Extension
Continuing schedule delays — exacerbated by a ruling by the Department of Transportation Pipeline Hazardous Materials Safety Administration (PHSMA) that ended the use of a key vapor gas dispersion model — have prompted Crown Landing LLC to ask FERC for a one-year extension to revise a permit application for a liquefied natural gas (LNG) terminal on the Delaware River in Gloucester County, NJ.
Transportation Notes
Florida Gas Transmission ended Friday an Overage Alert after a two-day run.