henry hub

API Study Shows Infrastructure Investment Climbing Higher

The American Petroleum Institute (API) on Tuesday unveiled a new study showing that capital spending on oil and gas midstream and downstream infrastructure increased by 60% between 2010 and 2013, from $56.3 billion to $89.6 billion.

January 8, 2014

Texas LNG Project Files for Export OK

Texas LNG LLC is seeking export authorization from the U.S. Department of Energy for a project that would send up to 2 million tonnes per annum (mtpa) of liquefied natural gas (LNG) worldwide under tolling agreements.

January 8, 2014
EIA: ‘Other States’ Production Increased Again in October

EIA: ‘Other States’ Production Increased Again in October

U.S. natural gas production, which had seen an uncharacteristic stumble in September, recovered in October, with the shale-rich “Other States” category once again helping to push the national total higher, according to the Energy Information Administration’s (EIA) Monthly Natural Gas Gross Production Report.

January 8, 2014

China Coal Company Affiliate Buys Into Marcellus Shale Venture

A private Denver-based company active for decades in the Appalachian Basin has entered a 50/50 joint venture to develop 25 horizontal wells in the Marcellus Shale play with a new player affiliated with China Shenhua Energy Co. — the world’s largest coal distributor and China’s largest coal producer.

January 8, 2014
Eastern Prices Plunge as Weather Outlook Moderates; Futures Drift Lower

Eastern Prices Plunge as Weather Outlook Moderates; Futures Drift Lower

Northeastern physical natural gas prices for gas to be delivered on Wednesday began their return to Earth’s orbit from Monday’s all-time highs as the record cold temperatures populating much of the country Tuesday were expected to subside.

January 7, 2014

XTO Will Face Charges for 2010 Pennsylvania Spill

A district court judge in Pennsylvania has ruled that ExxonMobil Corp. subsidiary XTO Energy Inc. will face criminal charges, finding that there is enough evidence for a full trial in a closely watched case to prosecute the company for several felonies.

January 6, 2014

Polar Vortex Sends Northeast Next-Day Gas Prices $40-$60 Higher

Arctic temperatures sweeping much of the country in a Polar Vortex strained pipeline throughputs and pushed natural gas spot prices to record highs in the Northeast. Transco Zone 6 non-NY next-day prices shot higher by $59.76 to average $70.66/MMBtu, while Transco Zone 5 increased by $61.27 to average $72.43/MMBtu, according to NGI’s Daily Gas Price Index.

January 6, 2014

North Dakota High Court Royalty Ruling Payoff Still Unknown

The amount of North Dakota’s added state revenues from a post-Christmas state Supreme Court ruling is still unknown and will take some time to resolve, according to Lance Gaebe, commissioner of the Department of Trust Lands.

January 6, 2014

Pennant Midstream Plant Will Soon Accept Utica Wet Gas

Pennant Midstream LLC said Monday that its $375 million Hickory Bend Processing Plant and wet-gas gathering system is fully operational, with company officials expecting the plant to begin accepting natural gas and natural gas liquids (NGL) by the end of the first quarter.

January 6, 2014

Industry Briefs

UGI Corp. subsidiary UGI Energy Services LLC has placed its newly-constructed 28-mile gathering pipeline and compressor station into full service. The Auburn pipeline extension provides gas supplies to local consumers in Pennsylvania, while also providing access to interstate markets for Marcellus Shale producers. The $160 million, 20-inch pipeline will initially deliver 200 MMcf/d of locally produced natural gas through UGI Energy’s Manning compressor station in Wyoming County, PA. to UGI Penn Natural Gas Inc., one of that company’s utilities and the interstate pipeline Transcontinental.

January 6, 2014