Force

ExxonMobil Fracking Impacts Face Investor Scrutiny Again

ExxonMobil Corp.’s shareholders once again will see a resolution on their proxy statements that would force the largest U.S. natural gas producer to issue a report about the financial impact from regulatory and community impacts associated with hydraulic fracturing (fracking) within its drilling operations.

April 5, 2012

Shale, Mild Winter Could Produce New Sub-$2 Floor, Analysts Say

Robust output from the nation’s shale plays and relatively mild winter weather continue to force analysts to trim their natural gas price forecasts, with Bentek Energy LLC on Tuesday saying it expects the market to set a new price floor of $1.94/Mcf this September.

February 1, 2012

Transportation Notes

Ruby Pipeline flows have been cut to zero until further notice as Ruby declared a force majeure after experiencing a fire and some damage Saturday in its block valve 6 yard in a remote area of southeastern Cache County, UT. A segment of its pipeline around the block valve 6 was shut in and isolated to allow damage assessment and repairs. Ruby said Sunday it is unable to receive or deliver gas. Based on an inspection of the fire damage, which occurred at a gas line to auxiliary equipment, the damage will require more repairs to the valve, valve operator and auxiliary equipment than initially thought, the pipeline added. A road to the snow-covered site has been plowed and repair crews are on site.

December 13, 2011

Judge Refuses to Force Cabot to Continue Dimock Water Deliveries

A judge in Pennsylvania has denied a request by several Dimock Township families to force Cabot Oil & Gas Corp. to continue delivering potable water to their homes.

December 2, 2011

CEO: Noble Energy Positioned for ‘Decade of Growth’

Better known just a few years ago as a deepwater Gulf of Mexico (GOM) force, Noble Energy Inc. has made some strategic moves in the past few years that have transformed the company and prepared it for double-digit production growth for up to a decade, CEO Chuck Davidson told investors last week.

November 21, 2011

Transportation Notes

Although the force majeure declared Tuesday is still in effect, Stingray said Thursday it is no longer experiencing liquids takeaway issues. See the bulletin board for a list of points that are being reopened Thursday and Friday for receipts and/or deliveries, along with conditions that must be satisfied for customers to use those points.

November 18, 2011

Noble Energy Positioned for ‘Decade of Growth,’ Says CEO

Better known just a few years ago as a deepwater Gulf of Mexico (GOM) force, Noble Energy Inc. has made some strategic moves in the past few years that have transformed the company and prepared it for double-digit production growth for up to a decade, CEO Chuck Davidson told investors Tuesday.

November 16, 2011

Transportation Notes

As a result of liquids takeaway issues at its processing plant being resolved, Stingray canceled Tuesday the force majeure it had declared Oct. 24. See the bulletin board for a list of delivery points that have been reactivated.

November 10, 2011

Transportation Notes

At the start of Wednesday’s gas day Destin will end a force majeure event and resume normal operations from its Main Pass 260 platform through the onshore Pascagoula Gas Plant in Mississippi (see Daily GPI, Oct. 18). The alternate delivery point to Viosca Knoll Gathering System will no longer be available for transportation services until further notice, Destin said.

November 9, 2011

Transportation Notes

Stingray declared a force majeure after being notified of a potential leak in the vicinity of West Cameron Block 543, and as a precautionary measure has asked operators of the West Cameron 544 and High Island A260 platforms to shut in until further notice. Stingray said late Wednesday afternoon it had closed the valve downstream of its 16-inch diameter lateral until investigation of the potential leak is completed. Stingray earlier had asked all producers on its system to shut in until further notice because it was experiencing an excessive amount of liquids arriving onshore that exceeded its takeaway ability.

October 28, 2011