Thousands of landowners in New York state, who have received notice that their leases with gas companies are being unilaterally extended, have been given an added bonus: a French lesson.
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Fall may have officially begun a day earlier, but with parts of the Northeast joining the South and desert Southwest in conditions that felt more like summer, prices continued to rise at nearly all points Thursday. The cash market got an additional boost from Wednesday’s 4.7-cent gain by October futures, and a concern about the pending formation of a new tropical storm in the Caribbean likely played a role.
Louisiana Gov. Bobby Jindal and other state officials were joining local business leaders Wednesday in a rally in Lafayette’s Cajundome to protest the federal moratorium on drilling in the Gulf of Mexico, which they claim is just adding to the economic train wreck caused by the massive oil spill in the Gulf.
Prices continued to spike in the Northeast Wednesday, with a few other regional citygates joining Transco Zone 6-New York in jumps of about a dollar or more and Texas Eastern M-3 skyrocketing by more than $2. However, this week’s bullishness showed signs of stalling, with Gulf Coast numbers generally only a few cents both up and down from flat and markets in the Midcontinent/Midwest and West mostly on the moderately softer side.
Williams and Dominion are joining forces to develop the Keystone Connector pipeline, designed to carry up to 1 Bcf/d from the Rockies Express Pipeline (REX) terminus in Ohio to eastern and Mid-Atlantic markets. Under the proposal announced last week, the sponsors want to place the 240-mile pipeline into service by 2013.
Williams and Dominion are joining forces to develop the Keystone Connector pipeline, which would carry up to 1 Bcf/d from the Rockies Express Pipeline (REX) terminus in Ohio to eastern and Mid-Atlantic markets. Under the proposal announced Monday, the sponsors want to place the 240-mile pipeline into service by 2013.
The cash market defied the ostensibly bullish influences of the Northeast and Rockies joining the Midwest in cooling trends that would take low temperatures to around freezing or less at most locations Thursday. Instead it preferred to be guided more by the previous day’s fall of 26.4 cents by March futures in posting losses at most points Wednesday.
MarkWest Energy Partners LP and NGP Midstream & Resources LP (M&R) are joining forces to jointly construct and operate natural gas midstream services in the Marcellus Shale. Under terms of the joint venture agreement, to be owned 60% by MarkWest and 40% by M&R, MarkWest would contribute $100 million of its Marcellus shale assets and operate the facilities. M&R would invest $200 million, which would be used to fund the project this year. Capital funding for 2010 and 2011 would be driven by producer drilling programs. To achieve the 60/40 capital structure, MarkWest would invest another $200 million in incremental capital by the end of 2011. MarkWest and M&R expect the joint venture to be capable of processing up to 240 MMcf/d for Range and other producers by the end of this year.
MarkWest Energy Partners LP and NGP Midstream & Resources LP (M&R) are joining forces to jointly construct and operate natural gas midstream services in the Marcellus Shale, they said Tuesday.