Front

Nova Bows to Alliance for Liquids-Rich Traffic

TransCanada Corp. has pulled back from opening a new front in regulatory duels with customers of its international family of pipelines. Nova Gas Transmission, the empire’s Alberta arm, has withdrawn an application to the National Energy Board (NEB) for approval of a contested scheme called NEXT, short for natural gas liquids (NGL) extraction (see NGI, March 26).

October 15, 2012

Barclays Lifts 4Q Natural Gas Price

Barclays Capital has lifted its natural gas price forecast for the final three months of this year to $3.35/MMBtu, up from $3.00.

October 11, 2012

OxyChem Contracts for Texas Ethane Cracker Engineering

CBI said it has been awarded contracts by Occidental Chemical Corp. (OxyChem) for the technology license, basic engineering and front end engineering and design services for a proposed new ethane cracker that is anticipated to have capacity of 1.2 billion pounds per year of ethylene.

October 11, 2012

Colorado Town’s Fracking Agreements May be ‘Model’

Agreements carved out by the small Front Range Colorado town of Erie have added to the state’s rules covering hydraulic fracturing (fracking) and could serve as a model for other local jurisdictions. The state, however, maintains the exclusive right of enforcement.

September 11, 2012

Local Colorado Drilling Agreements Depend on State

Agreements between two oil and gas producers and a small Front Range Colorado town have added to the state’s rules covering hydraulic fracturing and depend solely on the state for enforcement. Memoranda of understanding (MOU) inked separately by Encana Oil & Gas Co. and Anadarko Petroleum Corp. with the city of Erie, CO, include several best management practices mutually agreed to with city officials and incorporated into state permitting requirements for new wells.

September 4, 2012

TransCanada Nova Extension Toll Challenged

A new front has erupted in conflicts over adding facilities and covering costs across the Canadian pipeline grid — this time over transportation of emerging shale gas supplies in northern British Columbia (BC). Salvos fired before the National Energy Board (NEB) include a warning from former chairman Roland Priddle, an architect of the country’s avowedly deregulated regime of fostering a market-driven and competitive industry.

June 4, 2012

Rolled-In Tolls for TransCanada Nova Extension Challenged

A new front has erupted in conflicts over adding facilities and covering costs across the Canadian pipeline grid — this time over transportation of emerging shale gas supplies in northern British Columbia (BC). Salvos fired before the National Energy Board (NEB) include a warning from its former chairman, Roland Priddle, an architect of the country’s avowedly deregulated regime of fostering a market-driven and competitive industry.

June 4, 2012

Buying Shale Gas Assets Is Risky Business, Says Study

With the bar continually raised on the estimated ultimate recoveries (EUR) from wells drilled in U.S. shale gas plays, determining how to value unconventional acreage is proving to be a diverse, complicated process, according to a new report.

September 26, 2011

Traders Jockeying for Position; September Gains

September natural gas rose as traders suggested scale-down buying at lower levels, but said others elected to “front-run” the anticipated buying and establish early long positions. At the close September had risen 4.3 cents to $4.188 and October had advanced 3.3 cents to $4.190. September crude oil shed 81 cents to $94.89/bbl.

August 2, 2011

Screen Dip, Less Heat Equal Further Losses

The recent arrival of a cold front from Canada will keep Northeast temperatures moving lower Friday, and southern mercury levels will continue to inch downward at many locations as well. Those factors, along with further impetus from the previous day’s nosedive of 14.6 cents by August futures based largely on expectations of a bearish storage report (which were realized in spades), resulted in cash market softness across the board Thursday.

July 8, 2011