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Energy Interests Sue Over Louisiana Wetlands Action

The Louisiana Oil & Gas Association (LOGA) is suing the state’s attorney general over a contingency fee contract that the Southeast Louisiana Flood Protection Authority-East (SLFPA-E) made with a law firm in support of an action against energy companies that alleges they are responsible for repairing wetlands damage.

December 17, 2013

Warming Patterns Rattling Cash Market; Futures Inch Higher

Physical gas prices for Wednesday delivery fell across the country in Tuesday’s trading as many regions were seeing the mercury creep higher. The stoutest declines were seen in the Northeast.

December 17, 2013

People

R. Skip Horvath, president and CEO of the Natural Gas Supply Association (NGSA) plans to retire from the organization in the first half of 2014. “I’ve enjoyed 15 wonderful, rewarding years at NGSA,” Horvath said. “My original goals were to focus the association’s mission and put it back on solid financial footing. I’m proud to have accomplished those goals, but my proudest achievement at NGSA will always be the exceptional staff that I handpicked,” he said. Horvath has been president and CEO of NGSA since 1999. NGSA Chairman Greg Vesey said, “We’re tremendously grateful to Skip for his vision and leadership throughout a time of historic changes in the natural gas industry.” Horvath’s work in the natural gas industry has spanned the terms of 13 of the 15 chairmen that the Federal Energy Regulatory Commission has had in its history. Prior to joining NGSA, he served as COO and executive vice president at the Interstate Natural Gas Association of America. He also helped establish and lead the Natural Gas Council, a forum for leaders in the natural gas industry to discuss common concerns. He also founded the Distributed Power Coalition of America and served as one of four individuals tasked with setting up the Gas Industry Standards Board (now known as NAESB, the North American Energy Standards Board) and the Center for Liquefied Natural Gas.

December 17, 2013

People

R. Skip Horvath, president and CEO of the Natural Gas Supply Association (NGSA) plans to retire from the organization in the first half of 2014. “I’ve enjoyed 15 wonderful, rewarding years at NGSA,” Horvath said. “My original goals were to focus the association’s mission and put it back on solid financial footing. I’m proud to have accomplished those goals, but my proudest achievement at NGSA will always be the exceptional staff that I handpicked,” he said. Horvath has been president and CEO of NGSA since 1999. NGSA Chairman Greg Vesey said, “We’re tremendously grateful to Skip for his vision and leadership throughout a time of historic changes in the natural gas industry.” Horvath’s work in the natural gas industry has spanned the terms of 13 of the 15 chairmen that the Federal Energy Regulatory Commission has had in its history. Prior to joining NGSA, he served as COO and executive vice president at the Interstate Natural Gas Association of America. He also helped establish and lead the Natural Gas Council, a forum for leaders in the natural gas industry to discuss common concerns. He also founded the Distributed Power Coalition of America and served as one of four individuals tasked with setting up the Gas Industry Standards Board (now known as NAESB, the North American Energy Standards Board) and the Center for Liquefied Natural Gas.

December 17, 2013

McClendon-Linked Partnership Files for $2 Billion IPO

Aubrey McClendon, the former CEO of Chesapeake Energy Corp., is at it again — this time he’s linked to a complex partnership launched on Friday that seeks to raise up to $2 billion through a public offering of 100 million common units priced at $20 each.

December 16, 2013

Industry Brief

Unitholders and shareholders of LINN Energy LLC, LinnCo LLC and Berry Petroleum Co. have approved the companies’ merger and related transactions on Monday, setting the deal on course for closure as it passed its final hurdle at the U.S. Securities and Exchange Commission last month (see Daily GPI, Feb. 22). The deal is said to be the first-ever acquisition of a C-corporation by an upstream limited liability company or master limited partnership. Linn Energy last month raised its offer for Berry by $600 million, reinvigorating the mega-deal (see Daily GPI, Nov. 4).

December 16, 2013

North Dakota NatGas Prices Showing Signs of Life

There are indicators that natural gas prices may have bottomed out in North Dakota and there could be the start of a long, slow trend for price increases starting next year, the state’s top oil/gas official said last Friday in reporting the state’s latest increased production statistics.

December 16, 2013

New England Leads Broad Retreat; Futures Lose 7 Cents

Physical gas for delivery Tuesday took a page from futures and traded lower overall, with New England posting the greatest losses.

December 16, 2013

Industry Briefs

Pennsylvania wastewater management company Eureka Resources LLC plans tobegin operating a $25 million crystallizer and methanol recovery system in Lycoming and Bradford counties in 2014 that it began in 2012 (see Shale Daily, May 21, 2012). The systems would separate metals and other components from produced oil and gas water to make oil, methanol and sodium chloride that would be sold back to energy producers, wholesalers and manufacturers.

December 13, 2013

Widespread Cash Losses Outside of New England; Futures Down

Natural gas for weekend and Monday delivery fell in most regions of the country in Friday’s trading. Stout gains were limited to a few points in the capacity-constrained New England region.

December 13, 2013