Marketers

Amid forecasts that see no end to low gas prices across North America, overseas exports of liquefied natural gas (LNG) are being rated as a must for development of the Canadian version of shale supplies in northern British Columbia (BC).

Physical gas prices overall traded about 5 cents lower Thursday, but Rocky Mountain producers and marketers got hit with a double whammy of a force majeure on a major pipeline hauling gas to California and a plunge in hydro-derived electricity prices. Eastern and Gulf points endured nominal losses.

ExxonMobil Corp., the nation’s largest onshore natural gas producer, has acquired another 317,000 net acres in the Marcellus Shale, which nearly doubles its leasehold in the play.

Marketers that reported in both 4Q2009 and 4Q2010 posted an 8% increase in volumes from a year ago. read more

Marketers that reported in both 4Q2009 and 4Q2010 posted an 8% increase in volumes from a year ago.

Due to a resubmission of data, the amount of natural gas marketed by RBS Sempra reported in NGI’s 1Q2010 Top North American Gas Marketers Ranking (see NGI, June 14) has been increased to 9.50 Bcf/d from the previously reported 6.40 Bcf/d. As a result, the total gas volume marketed by the 26 companies participating in the survey has been corrected to 147.69 Bcf/d from the previously reported 144.59 Bcf/d.

Due to a resubmission of data, the amount of natural gas marketed by RBS Sempra reported in NGI’s 1Q2010 Top North American Gas Marketers Ranking (see Daily GPI, June 10) has been increased to 9.50 Bcf/d from the previously reported 6.40 Bcf/d. As a result, RBS Sempra moves into fifth place in the survey and the total gas volume marketed by the 26 participating companies has been revised to 147.69 Bcf/d from the previously reported 144.59 Bcf/d.

Marketers reported an overall 4Q2009 decrease of less than 1% from the previous year’s period, but a flood of of production from shale plays could influence the market’s next move. read more

Tenaska Marketing Ventures (TMV)/Tenaska Marketing Canada, one of the top natural gas marketers in North America, has promoted several personnel to align its geographic and functional activities and consolidate decision-making authority into each area’s management structure. Terry Cameron was promoted to senior vice president, north, where he will oversee the midwestern and eastern market areas. Mark Whitt takes over as senior vice president, west, where he will oversee western activities. David Schettler is the new senior vice president, south, where he will oversee the Midcontinent and southern U.S. region. Marty Titus was promoted to senior vice president, risk and structured products, which includes risk management, project marketing, deal structuring and valuation functions. John Obermiller, as senior vice president, finance, will manage TMV’s mid- and back-office activities. The five new senior vice presidents will report to President Fred Hunzeker. Tenaska also promoted Janet Corritore to vice president, gas scheduling; Kristen Gould, to vice president, Tenaska Marketing Canada; and Chris Forsman to regional director, Midcontinent.