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Dakota Access Pipeline 84% Built; Opening 1Q2017 Possible, ETP Execs Say

Despite an ongoing fight, the controversial Dakota Access oil pipeline construction continues and is 84% complete as of a 3Q2016 earnings conference call Thursday by Texas-based Energy Transfer Partners (ETP), CFO Tom Long told analysts.

November 11, 2016

Energy Transfer Says Williams Merger on Track to Close in 2Q, But Investors Have Doubts

Announcing its 4Q2015 results during a conference call Thursday, management for Energy Transfer Partners LP (ETP) and Energy Transfer Equity LP (ETE) said ETE’s announced merger with The Williams Companies (see Daily GPI, Sept. 28, 2015) is expected to close during the second quarter, pending customary closing conditions.

February 25, 2016
Fracking, Monterey Not Expected to Boom in California, Scientists Say

Fracking, Monterey Not Expected to Boom in California, Scientists Say

As a third piece of an ongoing scientific assessment of California’s oil and natural gas sector mandated as part of the new well stimulation rules called for in SB 4, a team of earth scientists is examining the Monterey Shale, but their early observations released on Wednesday indicate they don’t expect their work or the new rules to change much near term in the state’s oil/gas patch.

January 15, 2015

Midland, TX, Office Tower to Sprout from Fertile Permian Basin

The skyline of Midland, TX (pop. 114,000) has a long way to go before it can rival those of Houston or Dallas, but the rebirth of the Permian Basin has sparked plans to develop what would be the sixth-tallest building in the Lone Star State.

July 17, 2013

BP Goes on Offense to Question Macondo Claims

Long on the defense regarding the historic Macondo well blowout in the deepwater Gulf of Mexico three years ago, BP plc has gone on the offensive to recover some of the settlements it’s paid out for Gulf Coast businesses that may have been inflated or fictitious.

July 1, 2013

Industry Brief

NiSource Midstream Services LLC’s Big Pine Gathering System in the heart of the Marcellus Shale has begun serving XTO Energy Inc. under a long-term agreement. The 57-mile, 20- and 24-inch diameter system stretches into Pennsylvania’s Allegheny, Butler, Armstrong, Indiana and Westmoreland counties and interconnects to the Columbia Gas Transmission system, as well as Texas Eastern Transmission and Dominion Transmission. The system is anchored by XTO; a separate gathering agreement was recently signed with PennEnergy.

June 20, 2013
Constitution Seeks FERC Approval for Marcellus Pipeline Plan

Constitution Seeks FERC Approval for Marcellus Pipeline Plan

Constitution Pipeline Co. LLC has filed its long-awaited application with FERC seeking approval to construct a pipeline to carry natural gas from northern Pennsylvania’s Marcellus Shale to Northeast markets, the company said Friday, and Iroquois Gas Transmission has filed an application to build a key interconnect project.

June 17, 2013
New Mexico Pit Rule Changes Agreeable to Industry

New Mexico Pit Rule Changes Agreeable to Industry

While critics and environmental activists are unhappy, the oil and natural gas industry is celebrating long-awaited changes in New Mexico’s rules for disposal of drilling waste known as the “pit rule.”

June 13, 2013

Industry Celebrates New Mexico Pit Rule Changes

While critics and environmental activists are unhappy, the oil and natural gas industry is celebrating long-awaited changes in New Mexico’s rules for disposing drilling waste known as the “pit rule.” Fighting for changes in tougher requirements imposed by a previous governor, the New Mexico Oil/Gas Association (NMOGA) hailed changes made earlier this month.

June 12, 2013

Goldboro LNG Gets European Customer

The Western European gas market would receive liquefied natural gas (LNG) from the Goldboro LNG project in Guysborough, Nova Scotia (NS) under a long-term sales agreement struck by terminal developer Pieridae Energy (Canada) Ltd. and E.ON Global Commodities SE (EGC), a unit of E.ON SE, one of the world’s largest investor-owned power and gas companies.

June 10, 2013
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