Interest

Perryville: Crossroads for Shale Gas, Power Gen

Shale gas at one end of the pipelines passing through Perryville, LA, and growing power generation and other demand at the other have heightened interest in streamlining trading at the North Louisiana Hub.

March 26, 2012

CenterPoint Files for Perryville Hub Trading Point

Shale gas at one end of the pipelines passing through Perryville, LA, and growing power generation and other demand at the other have heightened interest in streamlining trading at the North Louisiana Hub.

March 22, 2012

Industry Brief

“It would be reasonable” for the Federal Energy Regulatory Commission (FERC) to weigh the public interest of new liquefied natural gas (LNG) export facilities when considering applications, but it might not take that step with applications to modify existing LNG facilities for exportation, according to FERC Commissioner John Norris. Adapting existing facilities “involves minor modifications,” Norris said during testimony before the Senate Energy and Natural Resources Committee, which is considering his renomination to FERC. The committee also heard testimony from Tony Clark, who currently is chairman of the North Dakota Public Service Commission and is being considered to replace former FERC Commissioner Marc Spitzer; Adam Sieminski, chief energy economist for Deutsche Bank, who has been nominated to be Energy Information Administration administrator; and Marcilynn Burke, deputy director for policy and programs at the Bureau of Land Management, who has been nominated to be an assistant secretary of the Department of the Interior.

March 21, 2012

Crestwood Buys Marcellus Midstream Assets from Antero

A new joint venture formed by Crestwood Midstream Partners LP and Crestwood Holdings Partners LLC has acquired a Marcellus Shale gathering system in northern West Virginia owned by Antero Resources Appalachian Corp., the companies announced Monday.

February 28, 2012

Industry Brief

Total Fina SA and its affiliates have agreed to pay the federal government $14.6 million plus interest to resolve claims that the companies underpaid royalties owed on natural gas produced from federal and American Indian lands. The settlement between the United States and Total Fina, Total Oil and Chemical Co., Total Minatome Corp., Total Exploration Production U.S.A. Inc., Fina Oil & Chemical Co., Elf Exploration Inc. and Total E&P USA Inc. covers the period from August 1986 to the present. The agreement arises from a lawsuit filed by Harold E. Wright under the Federal False Claims Act. Under the qui tam, or whistleblower, provisions of the act, a private citizen may file actions on behalf of the U.S. government and share in the recovery of funds. Because Wright is deceased, his heirs will receive $23,000 as part of their share of the settlement. The Total settlement and numerous agreements with other energy companies in recent years have returned approximately $280 million to the federal government and Indian lessors, said Greg Gould, the Interior Department’s acting deputy assistant secretary for Natural Resources Revenue.

February 23, 2012

Petsec Buys Into Canadian Shale Oil

Petsec Energy Ltd. has agreed to pay 35% of the costs to drill at least one well and as many as three others in a shale oil project in Alberta in exchange for a 24.5% working interest in shale oil leases covering 17,280 acres, the Sydney, Australia-based independent said. The seller was not disclosed.

February 17, 2012

Cummins Sees Market Potential for NatGas-Powered Trucks

World-scale engine builder Cummins Inc. sees potential for growth in the market for natural gas engines for trucks.

February 9, 2012

Dominion Says Interest in Cove Point LNG Exports

Dominion Resources Inc. said last week interest is growing in the company’s proposal to turn the Cove Point liquefied natural gas (LNG) import terminal in Lusby, MD, into an export terminal (see NGI, Oct. 17, 2011).

February 6, 2012

CIG Weighing DJ Basin Takeaway on High Plains Pipeline

Colorado Interstate Gas Co. LLC (CIG) is soliciting customer interest in potential firm south-to-north transportation service on the High Plains Pipeline to carry gas from the Denver-Julesburg (DJ) Basin in northeastern Colorado.

January 20, 2012

Colorado City Calls ‘Time Out’ on Fracking

Commerce City, CO, has invoked a 30-day “time out” on hydraulic fracturing (fracking) to give city officials time to further discuss their concerns with the oil and gas industry. City officials took the action late Monday in lieu of a proposed six-month ban on fracking.

December 22, 2011
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