henry hub

The Tennessee Valley Authority (TVA) has called on FERC to eliminate a rule for bumping/no-bump of interruptible transportation (IT), which gives IT gas that is already flowing priority over firm transportation (FT) service.

TransCanada Corp. moved Thursday to calm a hornets’ nest of protest among its natural gas customers in Ontario, Quebec and the northeastern United States by making a formal promise to maintain service continuity.

Before leaving for a five-week recess Friday, the House of Representatives passed a series of Republican-sponsored bills aimed at restricting the ability of the federal government to impose what are viewed as costly regulations. However, the bills are expected to go nowhere in the Democratically controlled Senate. If they do President Obama has signaled that he will veto the measures.

Encana Corp. was given the green light on Friday to start up the long-awaited Deep Panuke natural gas project offshore Nova Scotia.

Energy produced from U.S. Department of Interior (DOI) lands in FY2012 — which included 626 million bbl of crude oil, 5 Tcf of natural gas and 460 million tons of coal — contributed $230 billion to the national economy and supported 1.2 million jobs, according to the government agency’s newly releasedEconomic Report for Fiscal Year 2012.

U.S. oil and natural gas exploration and production companies added 31.2 Tcf of wet natural gas proved reserves and almost 3.8 billion bbl of crude oil and lease condensate proved reserves in 2011, the Energy Information Administration (EIA) said in areportissued Thursday.

Resolution of proposed penalties of up to $2.25 billion for San Francisco-based Pacific Gas and Electric Co. (PG&E) may not come this year after a state regulatory administrative law judge (ALJ) asked for additional data on how any eventual penalties might affect finances. In addition, the specter of a criminal case has emerged.

Halcon Resources Corp. said an exploratory well targeting the Utica Shale has been producing more than 2,000 boe/d. The company said it plans to spend “significant time” in the play, where it has the acreage to drill up to 500 gross wells.

Capacity recontracting continued to weigh on Boardwalk Pipeline Partners LP revenues during the second quarter, but “every year, we seem to work out a little bit more of the problem,” CEO Stan Horton told analysts during an earnings conference call.