Total U.S. natural gas production was nearly flat in August compared to the previous month, but in the Other States category, which includes shale-heavy Pennsylvania, Ohio and West Virginia, output reached 27.02 Bcf/d, a 2.4% increase from 26.38 Bcf/d in July and a whopping 17.1% increase from 23.08 Bcf/d in August 2012, according to the Energy Information Administration’s (EIA) Monthly Natural Gas Gross Production Report.
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Articles from inside
DOT Questioned About Delay in Implementing Pipe Safety Act
A former chairman of the House Energy and Commerce Committee said he is concerned about the federal government’s delay in issuing regulations to implement the Pipeline Safety, Regulatory Certainty and Jobs Creation Act, which President Obama signed into law in January 2012 (see Daily GPI,Jan. 4, 2012).
November 1, 2013
Subscriber Price Notice
In an effort to stay current with the continuously changing North American natural gas market, NGI is proposing to make several changes to the spot market price tables that appear in NGI’s Bidweek Gas Price Survey, NGI’s Weekly Gas Price Index, and NGI’s Daily Gas Price Index newsletters. These changes would be effective as of the first December 2013 editions of our various Gas Price Index newsletters, and are as follows:
November 1, 2013
Most Points See Sharp Declines; Futures Retreat
Physical gas for weekend and Monday delivery skidded a hefty 11 cents on average in Friday trading. Demand-driven gains at New England points and firm eastern quotes were unable to counter pervasive selling, which saw many locations endure double-digit losses. At the close of futures trading December had retreated 6.8 cents to $3.513 and January was down 7.2 cents to $3.591. December crude oil tumbled $1.77 to $94.61/bbl.
November 1, 2013
November Bidweek Gains Mask Major Regional Shifts
“The times they are a changin’.” NGI’s National Spot Gas Average for November Bidweek prices showed a tempered gain of 9 cents to $3.53, but regional changes were moving around with the randomness of bumper cars at an amusement park.
November 1, 2013
CPUC Judge Recommends $6.75M Fine for PG&E
A California regulatory judge has recommended that Pacific Gas and Electric Co. (PG&E) be fined $6.75 million for allegedly misstating facts to the California Public Utilities Commission (CPUC) regarding an incorrectly classified natural gas transmission lateral on the peninsula south of San Francisco.
October 31, 2013
USCG Considering Allowing Barges to Haul Shale Wastewater
The U.S. Coast Guard (USCG) has proposed a policy that would enable it to give conditional approval for barges to transport wastewater from hydraulic fracturing (fracking) in bulk, a move that could potentially open the nation’s waterways as transit options.
October 31, 2013
ExxonMobil Makes Strong Turn to U.S. Liquids
Like the lumbering giants they resemble, oil majors take a bit more time to pivot from one target to the next, a task exceedingly difficult for North America’s top natural gas producer, ExxonMobil Corp. The pirouette to more oily targets came full circle in the third quarter in the three most strategic U.S. leaseholds, the Permian Basin and the Woodford and Bakken shales.
October 31, 2013
Northeast Fall Shoulder Month Supplies Weigh on Market, Says Williams CEO
Northeastern natural gas markets have gotten a “strong signal” from the gas-on-gas competition in the Appalachian Basin this year, and there is now support for continued infrastructure development to take away more supplies, Williams CEO Alan Armstrong said Thursday.
October 31, 2013
ExxonMobil U.S. Liquids Output Rises, NatGas Falls
ExxonMobil Corp.’s third quarter earnings fell 18% from a year ago, but for the first time since 2011, production was higher.
October 31, 2013
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