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Industry Briefs

The Railroad Commission of Texas (RRC) has a new $6 million grant program to help companies replace their older forklifts and medium- and heavy-duty diesel vehicles with ultra low-emission natural gas- and propane-fueled equipment. The grant program is funded by the Texas Emissions Reduction Plan through the Texas Commission on Environmental Quality (TCEQ). Since 2005, the RRC has awarded $39.5 million in grants to Texas companies and school districts, and has reduced emissions of smog-forming nitrogen oxides by nearly 5,000 tons. To be eligible for the grants, new equipment must meet the latest emissions standards and operate in one of the 43 counties designated by the TCEQ as having substandard air quality. The grant amount averages $9,500. For more information, visit www.altenergy.rrc.state.tx.us.

April 22, 2013

Raymond James: Marcellus Gas Shale ‘King’ by 2015

Based on production data verifiable to date, the Marcellus Shale will become the “King of the Gas Shales” by 2015 at the latest, U.S. energy analysts with Raymond James & Associates Inc. said in a new report.

September 5, 2012

Analysts Mull Noncommittal Market; January Gains

January natural gas crept higher Tuesday as medium-term weather outlooks called for an uncertain cold spell and analysts admitted difficulty discerning natural gas’ next move. At the close January had added 2.6 cents to $3.487 and February had gained 3.3 cents to $3.523. January crude oil rose 29 cents to $101.28/bbl.

December 7, 2011

Fitch: Shale Gas Big Cost Advantage for North American Chemicals

The boom in natural gas shale exploration and production (E&P) is fueling “significant cost advantages” for North America’s commodity chemicals producers because the costs of gas and oil-based feedstocks remain far apart, according to a report by Fitch Ratings.

October 3, 2011

New York’s Southern Marcellus Acreage Enticing But…

New York appears more likely to lift the de facto natural gas drilling moratorium in parts of the state’s Marcellus Shale, but for a variety of reasons — not the least of which is hesitation by operators to commit capital — determining how much of an impact the prospective acreage may have on U.S. gas markets leads to more questions than answers, according to research by Goldman Sachs & Co.

July 15, 2011

Separate Studies Dispute Methane in Water, Air

A Duke University study released Monday found high levels of leaked methane in well water collected near shale gas drilling and hydraulic fracturing (fracking) sites in the Marcellus Shale play. However, Duke researchers said there was no evidence that fracking fluids contaminated the water wells.

May 11, 2011

Arizona Regulators OK Gas Customer Credits

A medium-size natural gas utility and a small propane distributor received approval from the Arizona Corporation Commission (ACC) Tuesday to implement separate purchased gas adjustor (PGA) credits for their customers. UniSource Energy Corp.’s UNS Gas utility and Semstream Propane will be allowed to adjust rates depending on the swings in the wholesale costs of their respective fuels.

October 22, 2009

California Munis Sell $901M in Bonds to Support Gas Purchase

Three medium-sized public sector power utilities in California last Thursday sold $901 million in bonds through a financing arm, M-S-R Energy Authority, to support a 30-year natural gas purchase that will be shared by the trio. This is akin to other long-term group gas purchases by similar public-sector utility groups in Northern and Southern California in recent years.

August 31, 2009

California Munis Sell $901M Bond Issue for Gas Supply Deal

Three medium-sized public sector power utilities in California on Thursday sold $901 million in bonds through a financing arm, M-S-R Energy Authority, to support a 30-year natural gas purchase that will be shared by the trio. This is akin to other long-term group gas purchases by similar public-sector utility groups in Northern and Southern California in recent years.

August 28, 2009

Goldman: Natgas-Oil Disconnect Will Only Last So Long

The surge in U.S. unconventional gas production from shale plays has led to a disconnect between natural gas prices and the oil complex, which can persist in the near-to-medium term but is not sustainable in the long run, said analysts in a new Goldman Sachs report on commodities.

June 29, 2009
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