Hobbs

Chemical industry executives are believers in the North American shale gas miracle, and they’re investing accordingly. But there’s still time to blow it with bad policies and regulation, speakers at a Houston industry conference said.

Northern Natural Gas declared a force majeure situation Thursday after detecting a leak upstream of the Plains Turbine on the Hobbs 26 suction line. The segment containing the leak must be isolated to facilitate repairs, which will require shutting in the Altura Gaines receipt point, Northern said. Upon isolating the affected area, eight other receipt points and four delivery points could be impacted and/or allocated, it added. See the bulletin board for further details.