Interstate

A pair of investment deals announced Wednesday would provide approximately $470 million for much-needed midstream infrastructure in North American shale plays.

No matter how powerful the news media might seem, it can’t reverse the flow of gas on a major interstate transmission pipeline. Responding to a financial analyst’s question last week, Kinder Morgan Inc. CEO Rich Kinder said recent rumors of a flow reversal on Rockies Express Pipeline (REX) were greatly exaggerated.

No matter how powerful the news media might seem, it can’t reverse the flow of gas on a major interstate transmission pipeline. Responding to a financial analyst’s question Wednesday, Kinder Morgan Inc. CEO Rich Kinder said recent rumors of a flow reversal on Rockies Express Pipeline (REX) were greatly exaggerated.

The Federal Energy Regulatory Commission Tuesday approved a request by ETC Tiger Pipeline LLC, a unit of Dallas-based Energy Transfer Partners LP, to place a 400 MMcf/d expansion of its system in service.

Despite production rates that would have been considered impressive under different circumstances, Penn Virginia Corp. (PVA) on Tuesday expressed disappointment in results from its first three horizontal wells on its Marcellus Shale leasehold in Pennsylvania.

As natural gas production in Michigan posts its 14th consecutive year of decline, a Michigan Public Service Commission (PSC) report projects interstate pipeline deliveries to the state will be 664.2 Bcf in 2011, a 14.2% increase.

As natural gas production in Michigan posts its 14th consecutive year of decline, a Michigan Public Service Commission (PSC) report projects interstate pipeline deliveries to the state will be 664.2 Bcf in 2011, a 14.2% increase. The state’s production is projected to decline by 5.5% to 133.5 Bcf in 2011, according to the PSC’s “Summer 2011 Energy Appraisal.” Gas sales in the state are projected to be 780.7 Bcf this year, an increase of 2.4% over 2010 sales and 11.3% over 2009 sales, based on an assumption of normal weather. Residential home heating is seen as the driver for consumption growth as the 2010-2011 winter season was 3% colder than normal, the PSC report said. Despite increased sales, prices should remain relatively flat, the report said. “…[T]he continued growth in estimated and proven natural gas reserves is having a dampening effect on inflationary forces.”

Penn Virginia Corp. (PVA) has paid $14.5 million for approximately 4,100 net acres in Gonzales County, TX, bringing its total net Eagle Ford Shale acreage to about 10,900 acres, and has seen success with its initial Eagle Ford well, the Radnor, PA-based company said.

A cost and revenue study submitted by Kinder Morgan Interstate Gas Transmission LLC (KMIGT) last month confirms that the pipeline is “materially over-recovering” fuel from its customers, contend shippers SourceGas Distribution LLC and SourceGas Energy Services Co.