Favorable

Anadarko’s Utah Gas Drilling Plan Draws Favorable Reviews

Under a collaborative agreement, Anadarko Petroleum Corp. has obtained a favorable final environmental impact statement (EIS) from the Bureau of Land Management (BLM) for its long-pending 10-year natural gas development plan to develop natural gas in Utah’s Uintah Basin.

April 12, 2012

Nuclear Outages, Storage Plays Prompt Firm Market; Futures Flounder

Physical natural gas prices advanced nationally by about a nickel Tuesday as traders cited a resilient prior-day futures screen and favorable storage differentials. Points across the country were up mostly by a dime or less, except for some eastern locations, which recorded moderate declines. Nuclear outages continued to remain high. At the close of futures trading April had eased 1.6 cents to $2.335 and May had given up 3.4 cents to $2.432. April crude oil tumbled $2.48 to $105.61/bbl.

March 21, 2012

Millennium Compressor Project Gets Favorable Environmental Nod

FERC Friday issued a favorable environmental assessment to Millennium Pipeline Co. LLC for a natural gas compressor station project in Minisink, NY, to boost firm deliveries of Marcellus Shale gas to its interconnection with Algonquin Gas Transmission LLC at Ramapo, NY, to approximately 675,000 Dth/d to serve the Northeast and New England markets.

March 6, 2012

TransCanada’s Northwest Mainline Expansion to Bump Capacity to 485 MMcf/d

A forecast migration to the north and west in the sources of Canadian natural gas supplies has taken a stride ahead, thanks to a favorable pipeline regulatory ruling (see Daily GPI, March 1). TransCanada Corp. obtained approval from the National Energy Board (NEB) for the C$324 million (U.S. dollar at par) addition to its Nova gas transportation grid in northern British Columbia and Alberta.

March 5, 2012

TransCanada’s Northwest Mainline Bumping Capacity to 485 MMcf/d

A forecast migration to the north and west in the sources of Canadian natural gas supplies has taken a stride ahead, thanks to a favorable pipeline regulatory ruling. TransCanada Corp. obtained approval from the National Energy Board (NEB) for a C$324 million (U.S. dollar at par) addition to its Nova gas transportation grid in northern British Columbia and Alberta.

March 5, 2012

Pennsylvania Natural Gas Impact Fee on Its Last Lap

As a compromise bill to impose an impact fee on unconventional natural gas plodded through the Pennsylvania legislature Tuesday, Gov. Tom Corbett assumed a favorable outcome, commending lawmakers for their cooperation, saying he was “looking forward to signing the legislation into law.”

February 8, 2012

Pennsylvania Natural Gas Impact Fee Almost There

As a compromise bill to impose an impact fee on unconventional natural gas plodded through the Pennsylvania legislature Tuesday, Gov. Tom Corbett assumed a favorable outcome, commending lawmakers for their cooperation, saying he was “looking forward to signing the legislation into law.”

February 8, 2012

Encana Revamps Portfolio, Strategy to Compete

North America’s natural gas producers lately have been taking a licking but Encana Corp. is succeeding by continuing to optimize its portfolio and its operations, an executive said this week.

January 12, 2012

Sabine Pass Liquefaction Project Gets Favorable Environmental Nod

FERC Wednesday issued a favorable environmental assessment (EA) to Sabine Pass Liquefaction LLC to build facilities to liquefy and export natural gas at the existing Sabine Pass liquefied natural gas (LNG) import terminal in Cameron Parish, LA.

December 30, 2011

National Fuel’s Line N Expansion Gets FERC Nod

FERC Wednesday issued a favorable environmental assessment (EA) of National Fuel Gas Supply Corp.’s Line N 2012 expansion project that would increase the takeaway capacity from the Marcellus Shale basin to serve Northeast markets.

December 27, 2011