Sen. Ron Wyden (D-OR), chairman of the Senate Energy and Natural Resources Committee, has called on the Department of Energy to start the ball rolling on an “independent, unbiased” review of the FracFocus website to determine if it provides sufficient information to state and federal regulators on hydraulic fracturing (fracking).
Articles from Full
EQT Ramps Up First Utica Well, Achieves 1 Bcfe/d in Appalachian Output
Hours ahead of EQT Corp.’s second quarter conference call on Thursday, the company tied into sales its first Utica Shale well, the CEO said.
Cash Slips On Mild Weather, But Futures Swoon On Storage Stats
Physical natural gas values fell an average of approximately 8 cents Thursday for Friday delivery as the retreat was in full swing prior to the release of Energy Information Administration (EIA) storage data.
Northeast Basis Soars, But Futures Ignore Forecasted Heat
Physical natural gas prices overall added 4 cents Tuesday as bidweek trading got into full swing. Traders saw most resorting to historical purchases and sales of bidweek volumes with no one trying to buy or sell index based on expected market direction. Eastern and Northeast points led the day’s advance, but most market points were steady to slightly higher, and only a few reported losses. At the close of futures trading, June had skidded 6.3 cents to $4.174 and July was off 6.0 cents to $4.224. July crude oil added 86 cents to $95.01/bbl.
Laredo Giving Permian Sole Focus
To give the growing Permian Basin its full focus, Laredo Petroleum Holdings Inc. has agreed to sell all of its Granite Wash properties in the Anadarko Basin to affiliates of EnerVest Ltd. for $438 million in cash.
Texas Firm Seeks to Provide Gas-Based Well Site Services
Plan would also have drillers use natural gas-fueled rigs, but conflict arises between E&Ps and drilling companies regarding the use of gas at the well sites.
Williams Pummeled by Ethane Rejection
Energy infrastructure giant Williams, whose pipeline partnership holds a bundle of huge natural gas and liquids operations, expects to see “full ethane rejection” through 2015, which will lead to “near-term headwinds” for the unit, CEO Alan Armstrong said last week.
Golden Pass Strikes Commercial Agreement for LNG Export
Golden Pass Products LLC and its backers, Qatar Petroleum International (QPI) and ExxonMobil Corp., have struck a framework agreement for the sale of potentially the full 15.6 million tonne per annum (mtpa) output of the proposed Golden Pass natural gas liquefaction and export project in Sabine Pass, TX.
Williams ‘Marcellus/Utica or Bust’ Strategy Pressuring Pipeline Unit
Energy infrastructure giant Williams, whose pipeline partnership holds a bundle of huge natural gas and liquids operations in the Northeast, expects to see “full ethane rejection” through 2015, which will lead to “near-term headwinds” for the unit, CEO Alan Armstrong said Wednesday.
Quicksilver Cutting Costs, Still Seeking Horn River JV
During the first quarter, Quicksilver Resources Inc. lost more money than Wall Street was expecting as the company continued to “hammer on the cost side” of its business, deferring elective spending in the energy patch and cutting back on staff.