The expanding U.S. supply of natural gas is providing a win-win for chemicals producers, their suppliers and customers. It’s “an unbelievable opportunity,” Jim Teague, COO of Enterprise Products Partners, told an industry audience in Houston.
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Range’s 2012 Plans Are Heavy On Liquids
As other shale players are moving to liquids, Range Resources Corp. said Wednesday it is simply expanding the house it has long been building in the neighborhood.
Industry Brief
AT&T continued expanding its use of natural gas vehicles (NGV) with an announcement by General Motors that the telecommunications company plans to buy 1,200 of its Chevrolet Express compressed natural gas (CNG) cargo vans for use at its service centers around the nation. GM said this is its largest single order ever for NGVs. AT&T has 2,472 fleet vehicles now running on natural gas and plans to spend $565 million through 2018 to deploy up to 15,000 clean fuel vehicles, mostly NGVs with a mix of electric vehicles and hybrids (see Daily GPI, March 2, 2011). AT&T operates a fleet of more than 73,000 vehicles.
Magnum Hunter Building Out Appalachian Assets
Magnum Hunter Resources Corp. is expanding its operations in the liquids-rich Marcellus Shale.
Range to Anchor Gulf Coast Ethane Pipeline
Range Resources Corp. is expanding the reach of its Appalachian ethane operation. A subsidiary of the Fort Worth, TX-based company said Thursday it had signed a deal to ship 20,000 b/d on Enterprise Product Partners LP’s proposed Appalachia-to-Texas (Atex Express) ethane pipeline.
Louisiana Touts Tuscaloosa Results
Recent production test results from the first two horizontal wells completed in the Tuscaloosa Marine Shale (TMS) in Louisiana have been encouraging and there is likely more good news to come, according to the state’s Department of Natural Resources (DNR) secretary.
Federal Reserve: Economy Growing, Shale Gas Expanding
The Federal Reserve Board took notice of an expanding shale gas industry in parts of the country as the national economy grew at a moderate pace, according to a report released Wednesday.
Federal Reserve Report: Economy, Shale Gas Industry Expanding
The Federal Reserve Board took notice of an expanding shale gas industry in parts of the country as the national economy grew at a moderate pace, according to a report released Wednesday.
Federal Report: Shale Gas Expanding in Ohio, Texas
The Federal Reserve Board took notice of an expanding shale gas industry in parts of the country as the national economy grew at a moderate pace, according to a report released Wednesday.
TransCanada’s Growth Strategy Tied to North American Shales
If its Keystone XL oil pipeline is the foundation, major U.S. oil and natural gas shale plays will be the drivers for TransCanada Corp. greatly expanding its North America footprint, the Calgary-based company’s senior executives said during recent investor conferences in Toronto and New York City.