Physical gas prices rose on average a dime Tuesday as the Midwest and Midcontinent were bracing for the first major storm of the season. Rockies, Great Lakes and Midcontinent points all bounded higher. January futures rose 6 cents to $3.418, and February added 5.7 cents to $3.455. January crude oil gained 73 cents to $87.93/bbl.
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Pipeliner Plains Buying Crude Rail Terminals
Plains All American Pipeline LP (PAA) is buying three crude oil rail terminals in the Eagle Ford, Bakken and Niobrara producing regions, as well as various contractual arrangements, from U.S. Development Group (USD) for $500 million.
Blackstone, LLOG to Accelerate Deepwater Exploration in GOM
LLOG Exploration Co. LLC has formed a long-term partnership with private equity giant Blackstone to accelerate the Covington, LA-based producer’s deepwater operations in the Gulf of Mexico (GOM).
Atlantic Canada Draws $5B LNG Export Project
With an Alberta-grown veteran of international industry at the helm, a newcomer on Wednesday launched an Atlantic coast entry into the lineup of Canadian liquefied natural gas (LNG) export projects.
Pennsylvania Governor: Marcellus Driving Jobs, Economy
Saying it is “a great time to be a Pennsylvanian,” Gov. Tom Corbett thanked the oil and natural gas industry for bringing thousands of jobs to his state and predicted an even brighter future as he kicked off the Marcellus Shale Coalition’s Shale Gas Insight 2012 Conference last Thursday in Philadelphia.
Pennsylvania Governor Says Marcellus Shale Driving Jobs, Economy
Saying it is “a great time to be a Pennsylvanian,” Gov. Tom Corbett thanked the oil and natural gas industry for bringing thousands of jobs to his state and predicted an even brighter future as he kicked off the Marcellus Shale Coalition’s Shale Gas Insight 2012 Conference in Philadelphia on Thursday.
Pennsylvania Governor Says Marcellus Shale Driving Jobs, Economy
Saying it is “a great time to be a Pennsylvanian,” Gov. Tom Corbett thanked the oil and natural gas industry for bringing thousands of jobs to his state and predicted an even brighter future as he kicked off the Marcellus Shale Coalition’s Shale Gas Insight 2012 Conference in Philadelphia on Thursday.
ExxonMobil Exec: U.S. Leading ‘Revolutionary’ Natural Gas Boom
It’s no exaggeration that the shale gas boom has “momentous” implications and it is “revolutionary” in an historic perspective, according to ExxonMobil Corp.’s Paul Greenwood, who spoke Tuesday at the LDC Gas Forum Midcontinent meeting in Chicago.
Another Shale Gas Offspring: Modified Power Demand
Forward curves plotting electricity demand during the next 20-25 years have shifted dramatically in the past four years in the midst of a “great recession” and a surge in domestic natural gas production tied to shale plays, Wood Mackenzie’s North America Power Service Insight said in its latest release.
WSI: Northeast Warmer, But Summer May Be Mild
The Northeast, Great Lakes and Southwest areas of the United States will remain mostly warmer than normal over the next three months, continuing a trend that kept a lid on natural gas consumption and prices through most of the winter, according to forecasters at Andover, MA-based Weather Services International (WSI). But conditions may be ripe for a cooler-than-normal summer overall this year, WSI said.