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Industry Brief

NuStar Crude Oil Pipeline LP is holding a binding open season through Aug. 30 for capacity to transport Eagle Ford Shale crude oil from several terminal locations on its South Texas Crude Oil Pipeline System in Frio, McMullen, and La Salle counties, TX, to its Corpus Christi, TX, North Beach facility. The proposed South Texas System Project would include pipeline capacity upgrades to the segments of the South Texas System between NuStar’s Gardendale Terminal in La Salle County and NuStar’s Corpus Christi Terminal in Nueces County, TX, and would be constructed in two phases. The first phase would add incremental capacity to the South Texas System of 35,000 b/d; the second phase would add incremental capacity to the South Texas System of 65,000 b/d. For information, contact Mark Meador or Rick Webb at (210) 918-2000.

July 24, 2013

Wyoming Initiates Water Testing Rules for Drilling

Oil and natural gas regulators in Wyoming on Tuesday initiated a rulemaking process for exploration and production (E&P) operators regarding water testing as part of the drilling permit application process.

July 22, 2013

Proposed Canada LNG Export Volumes at 137 Tcf

The total volume of Canadian reserves earmarked for liquefied natural gas (LNG) sales to Asia from the northern Pacific coast of British Columbia (BC) has hit an astronomical 137 Tcf, according to the National Energy Board (NEB).

July 15, 2013

Petronas, Indian Oil Said to Be in Montney Shale Talks

Malaysia national oil and gas company Petronas (Petroliam Nasional Berhad) is in negotiations to sell a 10% stake in Canadian shale properties it acquired last year to the state-owned Indian Oil Corp. Ltd. (IOC).

July 11, 2013

Sommers to Depart CFTC Next Week

Her resignation from the Commission does not come as a surprise as she informed President Obama in January that she planned to leave the CFTC before her term ended (see Daily GPI, Jan. 28). Asked where she intended to go after the CFTC, Sommers told NGI, “I don’t know. I have not started looking for my next opportunity yet.”

July 3, 2013
Pennsylvania Bills Would Expand NatGas Service in Heart of Marcellus

Pennsylvania Bills Would Expand NatGas Service in Heart of Marcellus

A pair of bills designed to tap “affordable natural gas in the MarcellusShale” and bring gas service to more consumers in Pennsylvania has been approved by the state’s Senate and moved to the House of Representatives for consideration.

June 14, 2013

Report Says Despite Shale, U.S. Unlikely to Disengage From Persian Gulf

Despite the shale revolution in North America transforming global energy dynamics, the United States is unlikely to disengage completely from the Persian Gulf because other nations still depend on the region and it will still affect the world’s oil prices, according to a draft report presented to the North Atlantic Treaty Organization (NATO).

June 4, 2013

Industry Briefs

Enterprise Products Partners LP is holding a binding open season from June 5 through July 11 for capacity to transport propane to Mont Belvieu, TX, on the Appalachia-to-Texas (ATEX) pipeline. The ATEX pipeline has long-term contracts in place for ethane transportation to Mont Belvieu. The addition of propane service will not impact Enterprise’s obligations to ethane shippers. To accommodate propane shipments, Enterprise would loop a portion of ATEX, add pumping capacity and install additional facilities for the delivery of specification ethane and propane at destination points. “Transporting propane to Mont Belvieu, the largest, most liquid trading and storage hub, will provide northeast producers with a reliable outlet for their excess propane and help maximize the value of their production,” said Michael Creel, CEO of Enterprise’s general partner. For information, contact Russ Kovin at (713) 381-7925, or rkovin@eprod.com.

May 31, 2013

Summer 2013 to Offer Reprieve from 2010-2012’s ‘Big Heat’

The coming summer will be warmer than normal across most of the United States, but still “a reprieve from the big heat of the last three summers,” according to forecasters at Weather Services International (WSI).

May 27, 2013

Southwestern’s Fayetteville Comes Alive With $4 NatGas

When natural gas prices are $3, Southwestern Energy Co. has 1,200-1,500 well locations to drill in the Fayetteville Shale, but “in today’s price environment, that changes substantially,” CFO Robert Craig Owen said Wednesday in Austin, TX.

May 24, 2013
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