Physical gas for Wednesday delivery weakened in Tuesday trading with eastern points taking hits of 25 cents or more. Only a few scattered points managed to trade in positive territory, and for the most part, locations were down by anywhere from a couple of pennies to a dime or more. On average the market was off nearly a dime.
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With Less Hydro, California to Lean More Heavily on Gas-Fueled Power
A major drought, loss of a major nuclear power plant, and increased reliance on intermittent renewable power shouldn’t phase California’s grid this summer, according to a new report. Gas-fired power can step in, but with some caveats.
Wyoming LNG Roadmap Rolled Out by Industry, Governor
With support from the governor’s office, Wyoming oil/natural gas stakeholders on Monday introduced a strategy for using liquefied natural gas (LNG) produced in the state to replace diesel fuel in many applications within the oil/gas industry.
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Mark Watson, interim head of theWyoming Oil and Gas Conservation Commission (OGCC), has been named the new commission chief. Gov. Matt Mead and the other four members voted unanimously for Watson, who has been heading the agency since Grant Black resigned (see Daily GPI,April 1). Watson is a petroleum engineer who graduated from the University of Wyoming. The OGCC also established a deputy supervisor position.
Global View of Natural Gas Vehicles Changing
While the saturation of natural gas vehicles (NGV) in other parts of the world, such as Italy and Brazil, is much deeper in the passenger car market and taxis than in North America, overseas and U.S. markets share some of the same questions and concerns, judging from a panel at the NGV Global joint program Thursday at ACT Expo in Long Beach, CA.
Magnum Hunter Leaning On North Dakota, Appalachia For Growth
Magnum Hunter Resources Corp. continued to focus on divesting non-core assets in the first quarter, as it looks to shore-up its liquidity and narrow its focus on two core areas in the Appalachian and Williston Basins that continue to slowly drive production gains.
Halcon Reports Progress in TMS, Improved Drilling in Williston
Halcon Resources Corp. reported forward progress in the Tuscaloosa Marine Shale (TMS) during the first quarter, while making drilling improvements in the Williston Basin and derisking its holdings in a portion of the Eagle Ford Shale in East Texas.
Another LNG Export Terminal Planned for Louisiana
A unit of Southern California Telephone & Energy (SCT&E) has acquired land on the Calcasieu Ship Channel in Louisiana for development of a $2.4 billion liquefied natural gas (LNG) liquefaction and export terminal. The project joins about a dozen others in the Pelican State to export liquefied domestic natural gas.
Barnett Shale Town Denton, TX, Enacts Drilling Moratorium
The city council of Denton, TX, has put the brakes on drilling within the Barnett Shale town, at least until Sept. 9, while city staff and council reconsider drilling rules in light of numerous citizen complaints about drilling and hydraulic fracturing (fracking) activity harming their health and quality of life. No new drilling permits are to be issued while the ordinance is in effect.
JV Planning World-Scale Ammonia Plant in Texas
A unit of Germany’s BASF and Norway-based Yara plan to construct a world-scale ammonia plant at BASF’s existing site in Freeport, TX, the companies said.