Hour

The documentary “Haynesville: A Nation’s hunt for an Energy Future” is scheduled to air at 9 p.m. EST Tuesday on the CNBC network.

There were no major surprises from a six-hour California Senate joint committee hearing in Sacramento last Tuesday, reviewing the aftermath of the natural gas transmission pipeline explosion that took eight lives, destroyed a quiet suburban neighborhood and forced the glare of public scrutiny on Pacific Gas and Electric Co. (PG&E) and the state regulators overseeing its operations.

There were no major surprises from a six-hour California Senate joint committee hearing in Sacramento Tuesday, reviewing the aftermath of the natural gas transmission pipeline explosion that took eight lives, destroyed a quiet suburban neighborhood and forced the glare of public scrutiny on Pacific Gas and Electric Co. (PG&E) and the state regulators overseeing its operations.

Due to unscheduled maintenance at Mississippi River Transmission’s (MRT) Fountain Hill facilities, MRT said it will need to shut them down for a 24-hour period sometime between May 19 and May 21. During this period MRT will be unable to inject into storage at Unionville and may not schedule any volumes that result in a daily long position or accept any makeup of short positions. MRT also may not schedule IT, AOR or secondary firm transportation volumes to storage or allocate secondary firm transportation on a no-notice basis.

The Senate Banking Committee voted out legislation overhauling the financial reform in less than a half hour late Monday. The measure has drawn fire from the energy industry for its failure to provide end-users, such as industrial consumers and producers, with an exemption from the proposed clearing and trading requirements for the nearly $500 trillion over-the-counter (OTC) derivatives market.

The Senate Banking Committee voted out legislation overhauling the financial reform in less than a half hour late Monday. The measure has drawn fire from the energy industry for its failure to provide end-users, such as industrial consumers and producers, with an exemption from the proposed clearing and trading requirements for the nearly $500 trillion over-the-counter (OTC) derivatives market.

Seneca Resources Corp.’s third operated horizontal well in the Marcellus Shale flowed at a 24-hour initial production (IP) rate of more than 10 MMcf/d and averaged 9.5 MMcf/d over seven days, the National Fuel Gas Co. exploration subsidiary said Tuesday.

Despite the lack of supportive fundamentals and an electronic Globex trading blackout of just over an hour, traders pushed June natural gas futures convincingly higher on Friday to close at $3.546, up 17.3 cents from Thursday and 14.4 cents above the previous week’s close.

In less than an hour’s time Thursday the Bureau of Land Management (BLM) auctioned 31 parcels on 55,186 acres of the prized Roan Plateau in Colorado for natural gas and oil development. How soon development begins, however, is anybody’s guess.