Physical natural gas overall fell 2 cents in Thursday’s trading, but that followed the typical Thursday script of traders getting their deals done prior to the release of Energy Information Administration (EIA) inventory data.
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Crosstex Energy LP has completed two projects aimed at getting shale oil and condensate to higher paying markets.
The worst of the flooding in Western Canada has subsided and field operations for the energy sector are getting back to normal, but access to downtown Calgary’s offices was still blocked Wednesday as power restoration and building inspections were taking longer than expected, according to officials.
California energy officials last week continued to wrestle with where to find more natural gas, renewables and purchased power sources for electric generation as they dealt with closing San Onofre Nuclear Generating Station (Songs). Southern California Edison Co.’s (SCE) decision to shutter the 2,200 MW facility could cost $3 billion cost for up to 50 years (see NGI, June 10).
In another plan for getting shale-driven domestic crude oil supplies in the central United States to the West Coast, Tesoro Corp. and Savage Companies on Monday formed a joint venture to develop and operate a new rail shipment-linked 120,000 b/d unloading and marine loading facility at Port of Vancouver, WA, across the Columbia River from Portland, OR.
EnerVest Ltd. hasn’t nailed down buyers for some of its Utica Shale portfolio in Ohio, but there is plenty of interest in the big leasehold. Now it’s a matter of getting the right prices and the right terms, CEO John Walker said Tuesday.
North Dakota lawmakers continue holding hearings and debating the merits of energy bills to create incentives for less associated gas flaring at the wellhead and to provide tax relief for oil and gas producers, a spokesperson for the state Department of Mineral Resources (DMR) told NGI’s Shale Daily Monday.
Cash prices fell 7 cents on average Thursday as traders ignored a powerful East Coast storm and concentrated on getting deals done before the release of government inventory data.
Several groups of Ohio landowners looking to lease thousands of acres in the Utica Shale believe their prospects are getting brighter now that the elections are over, with oil and natural gas producers beginning to staff up their operations.