Function

Industry Brief

Kinder Morgan Pony Express Pipeline LLC and Belle Fourche Pipeline Co. are holding an open season through June 20 for crude oil transportation from a point near Baker, MT, to delivery points at Ponca City and Cushing, OK. Pony Express and Belle Fourche anticipate the ability to transport 100,000 or more b/d beginning in the fourth quarter of 2014. The companies have secured a long-term anchor shipper commitment for a minimum of 30,000 b/d. For more information, contact John Eagleton at (303) 914-4702, Mike Smith at (303) 763-3484, Bob Mishler at (303) 914-7762, Tad True at (307) 237-9301 or Bob Stamp at (307) 266-0345. In separate open seasons, Pony Express will offer single pipeline (local) oil transportation service from the Guernsey, WY, area and from the Denver-Julesburg Basin. Last year Kinder Morgan proposed converting a 635-mile Wyoming to Missouri section of its former Pony Express Pipeline from natural gas service back to its original function of carrying crude oil (see Daily GPI, Aug. 8, 2011).

May 23, 2012

North America Onshore Rig Count Flat in 2012, Says Schlumberger

North America’s land rig count is expected to be flat this year, with natural gas-directed drilling on the decline while liquids and oil drilling will strengthen, Schlumberger Ltd.’s CEO said Friday.

January 23, 2012

U.S. Shale Surge Brings LNG Rethink

For years executives in the liquefied natural gas (LNG) industry have dreamed of fungibility, of market liquidity for LNG where tankers function as a sort of “movable pipeline.” But when will that happen?

November 14, 2011

U.S. Shale Surge Turning LNG Thinking, and Maybe Tankers, Around

For years executives in the liquefied natural gas (LNG) industry have dreamed of fungibility, of market liquidity for LNG where tankers function as a sort of “movable pipeline.” But when will that happen?

November 10, 2011

ICE Claims Natural Gas Basis Trades Not Price Movers

Natural gas basis trades reported on the IntercontinentalExchange (ICE) electronic system do not rise to the level of performing a significant price-discovery function (SPDF), ICE said in objecting to the Commodity Futures Trading Commission’s (CFTC) proposal to designate 15 natural gas basis contracts as qualifying for SPDF treatment.

November 2, 2009

ICE Claims Natural Gas Basis Trades Not Price Movers

Natural gas basis trades reported on the IntercontinentalExchange (ICE) electronic system do not rise to the level of performing a significant price-discovery function (SPDF), ICE said in objecting to the Commodity Futures Trading Commission’s (CFTC) proposal to designate 15 natural gas basis contracts as qualifying for SPDF treatment.

November 2, 2009

Debate Over Lifting Capacity-Release Caps Revs Up Again

Local distribution companies last week called on FERC to lift the price cap on short-term (less than one year) releases of capacity in the secondary market on a permanent basis, while a major electric company advocated permanently removing the maximum rate cap on all releases of pipeline capacity. Natural gas producers took the middle ground, asking FERC to conduct a new two-year experimental pilot before determining whether caps should be lifted on a more permanent basis.

April 16, 2007

AGL CEO Sees Merger as Inevitable

In October AGL Resources will become the first gas utility in the U.S. to completely exit the gas merchant function, but its transformation is far from over, AGL CEO Walter Higgins said last week. Higgins expects his company to be snatched up like the first pie out of the oven, probably by some hungry electric firm eager to get its hands on a utility that has emerged from deregulation relatively well done.

June 28, 1999

AGL CEO Sees Merger Inevitable

In October AGL Resources will become the first gas utility inthe U.S. to completely exit the gas merchant function, but itstransformation is far from over, AGL CEO Walter Higgins saidyesterday. Higgins expects his company to be snatched up like thefirst pie out of the oven, probably by some hungry electric firmeager to get its hands on a utility that has emerged fromderegulation relatively well done.

June 25, 1999