henry hub

Differing NatGas Price Scenarios Offered

U.S. natural gas supply and demand should continue to be robust through the next 10 to 12 years, but a panel of experts in Los Angeles have different ideas on what this could mean for future prices and volatility.

October 11, 2013

Industry Brief

Units of General Electric (GE) and TransCanada Corp. said they are working to improve the reliability and cost-effectiveness of natural gas-fired power generation at two facilities TransCanada operates on both sides of the U.S.-Canada border. GE’s technology called FlexEfficiency Advantage Advanced Gas Path (AGP) is being deployed at TransCanada’s Ravenswood power plant in New York state and its Mackay River cogeneration facility in Alberta, Canada. AGP technology combining hardware and software advances has been installed on one gas-fired GE 7F 3-series turbine at each plant, the companies said. As result, the Ravenswood combined-cycle gas-fired unit has increased its output by 5%, and the cogeneration unit in Alberta has experienced a 10% boost in output, according to the companies. Along with efficiency increases of 1% and 2%, respectively, at the two plants, TransCanada said it expected to realize $900,000 in annual fuel savings.

October 11, 2013

Crestwood Bolting On Bakken Pipes with Arrow Buy

Crestwood Midstream Partners LP is buying privately-held Arrow Midstream Holdings LLC for $750 million, expanding its focus in the Bakken Shale and building on its just-completed merger with Inergy Midstream.

October 11, 2013

California Oil/Gas Official: Governor Supports Fracking

Amplifying favorable comments made earlier this year by Gov. Jerry Brown regarding future oil and natural gas development in California, the head of the state department responsible for overseeing drilling said recently that Brown supports the use of hydraulic fracturing (fracking).

October 11, 2013

Regency, PVR In $5.6B Multi-Basin Midstream Tie-Up

Regency Energy Partners LP plans to buy PVR Partners LP in a $5.6 billion deal (including $1.8 billion of debt) to create a natural gas gathering and processing giant with a presence in Appalachia, West Texas, South Texas, the Midcontinent and North Louisiana.

October 11, 2013

Polymer Research Could Mean Lighter CNG Tanks

One of the challenges to widespread adoption of natural gas vehicles (NGV) has been the weight of the metal tanks needed to hold compressed natural gas (CNG). A researcher at Houston’s Rice University might have hit upon an answer.

October 11, 2013
Permian Basin ‘Booming,’ Atmos Gas Buyer Says

Permian Basin ‘Booming,’ Atmos Gas Buyer Says

The venerable Permian Basin, which has seen its share of booms and busts in its 86-year production history, is booming beyond most of the industry’s recognition, said Alan Chambers, senior gas buyer for Atmos Energy Corp. and a native of the Permian region.

October 11, 2013

Range Blasts Media Coverage of Pennsylvania Contamination Case

Range Resources Corp. says it is complying with a court order to obtain and provide information for all of the chemicals used at a Marcellus Shale drilling and impoundment site in Washington County, PA, but it took issue with media reports suggesting that the company doesn’t know what chemicals are used in its hydraulic fracturing (fracking) operations.

October 11, 2013

Midwest Leads Broad Advance; Futures Hold Early Gains

Physical natural gas for Friday delivery on average rose 2 cents Thursday as most traders elected to put trades to bed prior to the release of typically market-moving storage data from the Energy Information Administration (EIA).

October 11, 2013
Getting LNG from Canada to Asia Is a Costly Proposition

Getting LNG from Canada to Asia Is a Costly Proposition

Canadian hopes to export liquefied natural gas (LNG) rely on oil prices to stay high and overseas supply contracts to uphold value parity between the two energy commodities, an industry analyst said Thursday.

October 11, 2013