The recent construction wave of natural gas pipeline infrastructure might have flattened basis differentials, but not forever, according to BNP Paribas analyst Teri Viswanath. More infrastructure will be needed to avoid market constraints and basis spikes down the road, she wrote in a Tuesday market note.
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AES Plans Major Changes in California Gas-Fired Assets
What new state requirements restricting ocean water use to cool California’s string of coastal natural gas-fired power plants have done to reshape the state’s reliance on gas-fired generation has been magnified by the unexpected loss of the 2,200 MW San Onofre Nuclear Generating Station (Songs) this year.
Industry Brief
Summit Midstream Partners LLC and Energy Transfer Partners LP unit La Grange Acquisition LP have agreed for Summit to acquire ETC Canyon Pipeline LLC for $207 million. Canyon gathers and processes gas in the Piceance and Uinta basins in Colorado and Utah. The gathering and processing system consists of more than 1,600 miles of pipeline, 44,000 hp of compression, processing assets with capacity of 97 MMcf/d, and two natural gas liquids injection stations. The deal is expected to close during the fourth quarter subject to regulatory approvals and conditions.
Top North American Gas Marketers (Bcf/d)
Sluggish economy and demand have gas market continuing to search for markets, analyst says. read more
Bacteria Ate Tons of Macondo Oil, Gas for Months, Say Researchers
Researchers have discovered that in the five months following the devastating April 2010 Macondo well blowout, naturally occurring bacteria that exist in the Gulf of Mexico (GOM) consumed and removed at least 200,000 tons of oil and natural gas that spewed into the deepwater from the ruptured wellhead.
Pennsylvania, Supporters Challenge Court’s Act 13 Ruling
Pennsylvania Attorney General Linda Kelly and lawyers representing several state agencies have filed briefs with the state Supreme Court, arguing that an appellate court erred when it said portions of Act 13, the state’s new omnibus Marcellus Shale law, were unconstitutional.
Democrats’ Energy Platform Focuses on Clean Energy
The Democrats have released an energy platform focused on an “all-of the-above” strategy that leans heavily on clean energy to create jobs and only briefly mentions fossil fuels, such as natural gas.
New York’s Bloomberg, George Mitchell: ‘We Can Frack Safely’
New York City Mayor Michael Bloomberg and unconventional drilling pioneer George Mitchell have offered their unqualified support and a big financial boost for “common sense” hydraulic fracturing (fracking) regulations, just days ahead of expected new guidelines for New York state operators.
GAO: Interior’s Offshore Challenges Remain
Offshore operators have been able to mesh with the Department of Interior’s reorganization but challenges remain in implementing new regulations, according to the Government Accountability Office (GAO).
GAO: Interior Progressing, Offshore Regulatory Challenges Remain
Offshore operators have been able to mesh with the Department of Interior’s reorganization but challenges remain in implementing new regulations, according to the Government Accountability Office (GAO).