Lighter

Industry Briefs

Although it recently dropped out of a Western Canada gas-to-liquids (GTL) project with Sasol Canada (see Shale Daily, June 29), Talisman Energy Inc. still foresees monetizing its Montney Shale reserves through “some form of conversion process,” CEO John Manzoni told financial analysts during an earnings conference call. Manzoni said the Montney resource is “big enough, it’s strategic enough, it’s material enough to be in some form of conversion process, which naturally now is more likely to be LNG [liquefied natural gas] then GTL, if that’s the case.” Multiple projects have been proposed to liquefy western Canadian gas and ship it to overseas markets (see Shale Daily, July 31). Manzoni alluded to the LNG projects and said, “…in the context of all of that, we are considering all options and continue to do so…for our Montney resource, how best to create the maximum value for Talisman at the right time for our Montney resource, which is very big and very strategic.”

August 7, 2012

U.S. Ethane Sparking Petrochemical Development

Natural gas liquids (NGL) economics continued to improve in October, and the petrochemical industry’s conversion to lighter feedstocks, namely ethane, has been happening more quickly than expected, analysts at Wells Fargo Securities said last week.

December 6, 2010

Analysts: NGL Pricing Strength Continued

Natural gas liquids (NGL) economics continued to improve in October, and the petrochemical industry’s conversion to lighter feedstocks, namely ethane, has been happening more quickly than expected, analysts at Wells Fargo Securities said Monday.

December 2, 2010

Cold Weather, Screen Keep Most Points Rising

Prices continued to rise Wednesday at nearly all points as heating load, though getting a bit lighter, remained fairly robust and was joined by prior-day futures support after the November contract rose 6.5 cents Tuesday.

October 30, 2008

Calpine Makes $7.3B Exit from Chapter 11 Bankruptcy

Considerably lighter in debt and megawatts, San Jose, CA-based Calpine Corp. Thursday emerged from Chapter 11 bankruptcy, closing its $7.3 billion exit financing facility, including a $300 million bridge loan the reorganized independent power plant developer/operator expects to pay off by the end of the first quarter.

February 4, 2008

Raymond James Isn’t Buying Recent Signals of Demand Deterioration

Analysts at Raymond James said they aren’t buying the recent talk on Wall Street of gas demand deterioration. Although lighter storage injections suggest demand is down due to higher gas prices, analysts should remember that prices for competing fuels are even higher, they said.

June 3, 2002

Cheyenne Hub Spike Leads Moderate Price Firming

Despite having considerably lighter air conditioning load than last week, the cash market ranged from flat to about a dime higher at nearly all points Monday. Most increases were fairly small, but Malin achieved one in the mid teens, while the day’s champion gainer of about 60 cents due a maintenance-related constraint was Cheyenne Hub. CIG recorded the only significant loss of more than a dime.

August 14, 2001

INGAA Pushes Flexibility to Serve the Market

Customers looking for services tailored to their specific needsare driving pipelines to seek lighter-handed regulation includingthe ability to negotiate and deliver those services on the spot-without lengthy FERC proceedings, according to Interstate NaturalGas Assoc. (INGAA) chairman John Riordan.

June 29, 1998

Customers Drive Pipelines to Flexible Service

Customers looking for services tailored to their specific needsare driving pipelines to seek lighter-handed regulation, includingthe ability to negotiate and deliver those services on thespot-without lengthy FERC proceedings,according to InterstateNatural Gas Assoc. (INGAA) chairman John Riordan.

June 26, 1998