Encana Corp. recorded its second consecutive profitable period in the third quarter, and the move to oil and natural gas liquids (NGL) also trended higher, with volumes up 92% year/year, the Calgary operator said Wednesday.
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Florida PSC Approves Surcharges for Pipeline Replacement
Utilities in Florida have received approval from the state’s Public Service Commission (PSC) to bill customers surcharges to cover the cost of replacing aging cast iron and bare steel natural gas distribution pipelines.
Lower 48 Rig Market Digests Gas-to-Oil Transition, Says Nabors CEO
The Lower 48 land rig market has “digested” the transition to oil-directed drilling, but there’s still an oversupplied pressure pumping market, brought about in part by efficiency gains, Nabors Industries Ltd. CEO Tony Petrello said Wednesday.
‘Conditional’ LNG Permits Could be Suspect in Finance, Legal Sectors
The Department of Energy’s (DOE) conditional approvals of permits for liquefied natural gas (LNG) exports to non-free trade agreement (non-FTA) countries may not pass muster in the financial and legal sectors, an industry executive told an audience of energy attorneys Wednesday.
Shell Unit Applies to Become Swaps Dealer
Houston-based Shell Trading Risk Management LLC, a unit of Royal Dutch Shell plc, has applied to become a registered swaps dealer, according to a registry kept by the National Futures Association (NFA).
NatGas Cuts U.S. Carbon Emissions, Say EIA, EPA
Carbon dioxide (CO2) emissions from energy use in the United States last year reached their lowest levels in two decades, in part from a combination of more natural gas use for electric generation, as well as recent mild winters and reduced transportation demand, according to reports published this week by the U.S. Energy Information Administration (EIA) and the U.S. Environmental Protection Agency (EPA).
CFTC Issues Shutdown-Delayed Reports Schedule
The Commodity Futures Trading Commission (CFTC) on Wednesday announced an anticipated publication schedule for reports that were delayed by the recent federal government shutdown.
Natural Gas Price Forecasts Wobbling
Wunderlich Securities is holding steady on its forecast for U.S. natural gas prices, but other analysts aren’t quite as optimistic about what’s ahead through the end of this year and into 2014.
Seneca’s Marcellus Brings More Output, Record Reserves
Seneca Resources Corp. credited the Marcellus Shale for “tremendous growth” during the fiscal fourth quarter, with production and reserves posting big gains — reserves to a record high — and a successful drilling program in Pennsylvania allowing it to raise production guidance for 2014.
Cold Has Midwest Buyers Scrambling; Futures Inch Higher
Wednesday physical natural gas trading for Thursday delivery saw widespread weakness of a few pennies at most spots around the country offset by significant strength in California and New England, where colder temperatures were beginning to set in.