September natural gas is set to open a penny higher Thursday morning at $2.85 as traders mull a government inventory report that is expected to show the leanest increase in supplies in six years. Overnight oil markets were mixed.
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With most of the pipeline’s original 15-year term natural gas transportation agreements ending on Nov. 30, 2015, Alliance Pipeline is offering capacity on its system effective Dec. 1, 2015.
Kodiak Oil & Gas Corp. has agreed to purchase 42,000 net acres and associated production in North Dakota’s Williston Basin for $660 million in cash from Liberty Resources LLC.
Louisiana’s economic output will grow by $30 billion between 2011 and 2019 as a result of natural gas-induced investment, according to a report by Louisiana State University’s Center for Energy Studies that details the impact of the natural gas boom on the state.
PetroQuest Energy Inc. said Monday it has closed on the sale of its assets in the Fayetteville Shale for about $9.2 million as it shifts its focus to production of natural gas liquids (NGL) from other plays, including the Woodford Shale and the Mississippian Lime formation.
Lone Star Fractionator I in Mont Belvieu, TX, a 100,000 b/d natural gas liquids (NGL) facility designed to handle prolific NGL production in the Permian and Eagle Ford regions, is now in service, according to Energy Transfer Partners (ETP) and Regency Energy Partners.
Interior Secretary Ken Salazar Monday issued a final secretarial order aimed at ending the conflict between the oil and natural gas industry and potash companies within the 500,000-acre Designated Potash Area (DPA) in Southeast New Mexico.
New wells in the nation’s shale plays helped push natural gas production higher in Texas and some other states in August, but it wasn’t enough to keep the U.S. total from sliding to 76.60 Bcf/d, a 3.4% decline compared with 79.33 Bcf/d in July, according to the Energy Information Administration’s (EIA) latest Monthly Natural Gas Gross Production report.
The number of operating unconventional rigs increased by seven (1%) in the week ending Sept. 14 but was down significantly (140 rigs, or 14%) compared to last year, according to NGI’s Shale Daily Unconventional Rig Count.