U.S. oil and gas drilling permits climbed 23% year/year in October and were up 39% from September, a strong sign that activity is likely to improve early next year, Evercore ISI said Thursday.
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Williams Partners LP’s Transcontinental Gas Pipe Line Co. LLC (Transco) has received long-awaited water crossing and earth disturbance permits for the Atlantic Sunrise pipeline project, paving the way for a sorely needed 1.7 Bcf/d expansion to serve natural gas producers in northeast Pennsylvania.
New England power generators will be held responsible for outages based on their economic decisions not to line up deliveries of natural gas or other fuel, but will not be liable if they can demonstrate the fuel/transportation is unavailable, according to a mixed ruling issued by FERC in response to a complaint filed by the New England Power Generators Association (NEPGA).
State regulators in Ohio, Pennsylvania and West Virginia collectively issued 411 permits for oil and gas drilling during the month of July, most of which targeted the Marcellus and Utica shales.
FERC on Thursday issued a draft notice of proposed rulemaking (NOPR) that would allow interstate natural gas pipelines and electric transmission operators to share nonpublic operational information that they believe would promote reliable service and better planning on their systems. The proposal is the first concrete step that the Federal Energy Regulatory Commission (FERC) has taken toward coordinating the two markets.
The Obama administration has issued a presidential permit for the 80-mile U.S. pipeline link in North Dakota that is slated to carry ethane as part of a 430-mile international pipeline through Saskatchewan and terminating in Alberta.
A FERC administrative law judge (ALJ) initial decision issued last week has found that the fuel tracking provisions for Rockies Express Pipeline LLC (REX) are not just and reasonable, recommended refunds to shippers of $22.2 million, and endorsed an alternative to the existing tracker, which was found to be overly complex and almost impossible to monitor.
FERC on Friday issued a favorable environmental assessment (EA) of Tallgrass Interstate Gas Transmission’s proposal to convert the Pony Express Pipeline to meet the increasing demand for crude oil transportation service out of the Bakken formation.
Estimated global shale gas and shale oil resources represent 32% of the world’s natural gas and 10% of the world’s crude oil technically recoverable resources, according to an assessment released Monday by the U.S. Energy Information Administration (EIA).