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Industry Brief

Three U.S. West Coast states and the province of British Columbia (BC) in Canada agreed to align their policies for reducing greenhouse gas (GHG) emissions and promoting clean energy. The nonbinding Pacific Coast Action Plan on Climate and Energy calls for a “shared vision” among the four Pacific North American states (California, Oregon, Washington) and BC to “create jobs and new economic opportunities” through efforts to reign in GHG emissions.

October 30, 2013

Appalachia Driving GreenHunter Water Handling Growth

Water resources company GreenHunter Resources Inc., which serves oil and gas shale producers, said company-wide volume of fluids handled during the third quarter was up 130% compared with a year ago.

October 29, 2013

ICE Planning Gas Storage-Based Futures Contract

IntercontinentalExchange (ICE) is betting the market will find value in trading a futures contract based upon changes in the Energy Information Administration’s (EIA) weekly natural gas storage reports.

October 29, 2013

Weak Northeast, East Lead Market Lower; November Out Like A Lamb

Physical gas prices for Wednesday delivery fell 6 cents overall in Tuesday’s trading, while traders were busy keeping one eye on a slip-sliding November futures contract as well as weather forecasts calling for unseasonable warmth in eastern energy markets and a weak next-day power market.

October 29, 2013

Bipartisan Bill to Nix DOE OK in Gas Import/Exports from Canada, Mexico

A House Energy and Commerce Subcommittee Tuesday will hold a hearing on bipartisan legislation aimed at reforming cross-border energy trade between the United States, Canada and Mexico.

October 28, 2013
Atlanta Gas to Build Two More CNG Stations

Atlanta Gas to Build Two More CNG Stations

Under a program backed by Georgia state regulators, AGL Resources’ Atlanta Gas Light utility said Monday its has signed agreements to open two more in a network of compressed natural gas (CNG) fueling stations in the state. The latest will be public access stations in Decatur and Oglethorpe, GA.

October 28, 2013

WPX Strikes Second Big Gas Find in Niobrara

A second natural gas well with double-digit initial production rates may confirm a gusher in the Niobrara formation, WPX Energy Inc. reported Monday.

October 28, 2013

Industry Briefs

Crosstex Energy LP plans to build a natural gas processing complex and rich gas gathering system to serve the Permian Basin. The initial investment of $140 million would include treating, processing and gas takeaway solutions for regional producers. The Bearkat project is to be fully owned by the partnership and is supported by long-term, fee-based contracts, Crosstex said. The complex would be near the partnership’s existing Deadwood joint venture assets in Glasscock County, TX, with an initial capacity of 60 MMcf/d, increasing the partnership’s total operated processing capacity in the Permian to 115 MMcf/d. The partnership also is building a 30-mile high-pressure gathering system upstream of Bearkat to serve Glasscock and Reagan counties. The entire project is scheduled to be operational in summer 2014.

October 27, 2013
Rig Efficiencies ‘Ultimately Will Grow the Pie,’ Says NOV COO

Rig Efficiencies ‘Ultimately Will Grow the Pie,’ Says NOV COO

The well efficiencies touted by exploration and production (E&P) companies in some of the star unconventional basins in North America could give the lesser-known names a chance to shine in the coming year, the COO of National Oilwell Varco Inc. (NOV) said Friday.

October 25, 2013
Surging Northeast Leads Mixed Weekly Action

Surging Northeast Leads Mixed Weekly Action

On average weekly prices regionally were all over the map, but the national average came in at $3.74, unchanged from a week ago. South Texas saw the week’s biggest losses, dropping a stout 12 cents to $3.61, and the Northeast reveled in the week’s greatest gains, adding 26 cents to $3.66. Of individual market points, Transco Leidy enjoyed the greatest gain, adding $1.13 to $2.84, and two Texas Eastern points suffered the week’s greatest losses, dropping 13 cents at both Texas Eastern S TX ($3.59) and Texas Eastern W LA ($3.60).

October 25, 2013