Pacific Gas and Electric Co. (PG&E) reported to state regulators late Friday that it had found a safety violation in the utility natural gas distribution pipeline system in California’s Silicon Valley and corrected it last Wednesday. A regulator station that had been closed and isolated since 2002 was nevertheless still connected to the PG&E pipeline system in violation of state code. After obtaining permits from Santa Clara city and county officials, PG&E said it removed the deactivated equipment. The utility stressed that the situation had not posed any safety issue for the general public or utility employees, but the station piping should not have been left connected to the larger utility distribution pipeline system. PG&E told state regulators it will review its overall system to ensure that other deactivated regulator stations are properly disconnected from the gas system by Sept. 1.
Late
Articles from Late
Oklahoma Midstream Assets Change Hands; Expansion Planned
Tulsa-based midstream company Caballo Energy LLC is targeting the Mississippi Lime of Oklahoma and Kansas, and the Cana Woodford Shale with its acquisition of Eagle Chief Midstream LLC, which owns a gas gathering and processing system in northwestern Oklahoma.
Chevron: Quarterly Earnings to be Off ‘Significantly’
Chevron Corp. warned investors late Wednesday in an interim report that fourth quarter earnings will be “significantly” lower sequentially than in the third quarter, a signal that even Big Oil may not be immune to lower domestic natural gas prices, an analyst said.
Chesapeake: Low Gas Prices May Alter 2012 Output
Two transactions completed late in 2011 have helped Chesapeake Energy Corp. achieve “substantial progress” toward a goal of reducing debt by 25% by the end of this year, the company said last week.
Chesapeake Says Low Gas Prices May Alter 2012 Output
Two transactions completed late in 2011 have helped Chesapeake Energy Corp. achieve “substantial progress” toward a goal of reducing debt by 25% by the end of this year, the company said Tuesday.
Northeast Plunges Lead Dips at Nearly All Points
Generally moderating forecasts for Friday that had The Weather Channel’s website asking “Late December…or Fall?” in its daily headline Thursday were a factor in Northeast quotes joining the softening trend that had begun on the previous day in the rest of the market. A small prior-day futures loss contributed a bit to downturns by all but a couple of trading locations.
EOG Settles Pennsylvania Pollution Case
EOG Resources Inc. has agreed to pay the Pennsylvania Fish and Boat Commission (PFBC) $93,710 to settle a late 2010 pollution incident in the Marcellus Shale.
Encana Slams EPA Over ‘Not Factual’ Pavillion, WY, Water Draft Report
After weathering the U.S. Environmental Protection Agency’s draft report late last week, which claimed that the groundwater in Pavillion, WY, contains chemicals that are normally used in natural gas production practices, such as hydraulic fracturing (fracking), Encana Oil & Gas (USA) Inc., a subsidiary of Encana Corp., went on offense Monday, noting that many of the EPA’s findings from its recent deep monitoring wells, including those related to any potential connection between fracking and Pavillion groundwater quality, “are conjecture, not factual, and only serve to trigger undue alarm.”
Encana: EPA’s Wyoming Draft Report Only Serves ‘To Trigger Undue Alarm’
After weathering the U.S. Environmental Protection Agency’s draft report late last week, which claimed that the groundwater in Pavillion, WY, contains chemicals that are normally used in natural gas production practices, such as hydraulic fracturing (fracking), Encana Oil & Gas (USA) Inc., a subsidiary of Encana Corp., went on offense Monday, noting that many of the EPA’s findings from its recent deep monitoring wells, including those related to any potential connection between fracking and Pavillion groundwater quality, “are conjecture, not factual, and only serve to trigger undue alarm.”
Eagle Ford Is a Star in Marathon’s 2012 Plans
A healthy slice of Marathon Oil Corp.’s $4.8 billion capital, investment and exploration budget for next year is targeted at the Eagle Ford Shale play in South Texas as the company continues to focus on liquids-rich assets in the United States.
