Infrastructure

Bentek: Northeast in Period of ‘Unparalleled Risk, Opportunity’

Increases in domestic production, new pipeline infrastructure and the shifting sources of imports will create a “bonanza” for natural gas buyers in the Northeast, according to Evergreen, CO-based Bentek Energy, which just released the third part of its three-part “Catch the Wave” report (see Daily GPI, Jan. 14; Nov. 14, 2008) documenting changes to the region that has traditionally been the highest-priced North American market.

March 20, 2009

Western Gas Completes $210M Anadarko Assets Purchase

Houston-based Western Gas Partners LP Monday closed its $210 million purchase of all or parts of various Powder River Basin processing and gathering infrastructure from Anadarko Petroleum Corp., which previously formed Western and eventually spun it off. Some of the purchase involves percentage interests in the Anadarko assets.

December 23, 2008

Economic Woes Don’t Slow West Gas Projects, Sponsors Say

Slowing demand and an existing surfeit of supply pipelines haven’t caused a number of major natural gas infrastructure projects in the West to pause or even slow down in their development, a panel of project backers told the LDC Forum Rockies & West Conference Tuesday in Irvine, CA. If anything, some of the proponents said they may have new capacity in place ahead of schedule.

November 13, 2008

Puget Sound Utility to Invest $421M in Infrastructure

Bellevue, WA-based Puget Sound Energy (PSE) announced last Monday that its investments in new utility infrastructure will total $421 million this year, with about $247 million of the total aimed at capacity and reliability upgrades. The rest is focused on natural gas and electric distribution utility customer growth, the Puget Energy utility said.

September 15, 2008

Puget Sound Energy to Invest $421M in Infrastructure Upgrades

Bellevue, WA-based Puget Sound Energy (PSE) announced Monday that its investments in new utility infrastructure will total $421 million this year, with about $247 million of the total aimed at capacity and reliability upgrades. The rest is focused on natural gas and electric distribution utility customer growth, the Puget Energy utility said.

September 9, 2008

Futures Test $7 as Gustav Lacked Gulf-Busting Gusto

As it became more evident Wednesday that Hurricane Gustav left the energy infrastructure in the Gulf of Mexico intact (see related story), October natural gas futures continued to press the downside, coming within a couple of pennies of breaking below $7. The prompt-month contract recorded a low of $7.028 before rebounding to close out Wednesday’s regular session at $7.264, up less than a penny from Tuesday’s finish.

September 4, 2008

‘Loose’ Gas Supply Expected to Fill Storage by End of Injection Season

At this stage, it’s still difficult to predict how much damage Hurricane Gustav may inflict on natural gas infrastructure on- and offshore along the Gulf of Mexico. However, the increase in gas production onshore in the past few months has led to a “sudden loosening of the supply and demand balance,” which was evident in storage data issued by the Energy Information Administration, Lehman Brothers analysts said in a recent report.

September 1, 2008

Chesapeake Readies Midstream Spin-off

Chesapeake Energy Corp. has begun a “series of steps” to spin off a subsidiary to hold its midstream natural gas assets — and allow it to build pipeline infrastructure in some of its productive shale plays. The new subsidiary would be formed within “months, not quarters,” said a senior executive.

August 18, 2008

EnCana: U.S. Shale Gas Supply to Nearly Double by 2015

If pipeline and storage infrastructure keep pace, natural gas produced from U.S. shale basins is expected to account for 18% of Lower 48 supply by 2015, which is well ahead of the 8% of supply that shale gas accounted for in 2007, according to EnCana Corp. The Calgary-based producer, whose leaseholds are spread across unconventional gas basins in the United States and Canada, is shooting to be the leader of the pack, executives said Thursday.

June 23, 2008

EnCana Says U.S. Shale Gas Supply to Nearly Double by 2015

If pipeline and storage infrastructure can keep pace, natural gas produced from U.S. shale basins is expected to account for 18% of Lower 48 supply by 2015 — compared with the 8% of supply that shale gas accounted for in 2007, according to EnCana Corp. The Calgary-based producer, whose leaseholds are spread across unconventional gas basins in the United States and Canada, is shooting to be the leader of the pack, executives said Thursday.

June 20, 2008