megawatt

Water resources company GreenHunter Resources Inc., which serves oil and gas shale producers, said company-wide volume of fluids handled during the third quarter was up 130% compared with a year ago.

IntercontinentalExchange (ICE) is betting the market will find value in trading a futures contract based upon changes in the Energy Information Administration’s (EIA) weekly natural gas storage reports.

Physical gas prices for Wednesday delivery fell 6 cents overall in Tuesday’s trading, while traders were busy keeping one eye on a slip-sliding November futures contract as well as weather forecasts calling for unseasonable warmth in eastern energy markets and a weak next-day power market.

A House Energy and Commerce Subcommittee Tuesday will hold a hearing on bipartisan legislation aimed at reforming cross-border energy trade between the United States, Canada and Mexico.

Under a program backed by Georgia state regulators, AGL Resources’ Atlanta Gas Light utility said Monday its has signed agreements to open two more in a network of compressed natural gas (CNG) fueling stations in the state. The latest will be public access stations in Decatur and Oglethorpe, GA.

A second natural gas well with double-digit initial production rates may confirm a gusher in the Niobrara formation, WPX Energy Inc. reported Monday.

Crosstex Energy LP plans to build a natural gas processing complex and rich gas gathering system to serve the Permian Basin. The initial investment of $140 million would include treating, processing and gas takeaway solutions for regional producers. The Bearkat project is to be fully owned by the partnership and is supported by long-term, fee-based contracts, Crosstex said. The complex would be near the partnership’s existing Deadwood joint venture assets in Glasscock County, TX, with an initial capacity of 60 MMcf/d, increasing the partnership’s total operated processing capacity in the Permian to 115 MMcf/d. The partnership also is building a 30-mile high-pressure gathering system upstream of Bearkat to serve Glasscock and Reagan counties. The entire project is scheduled to be operational in summer 2014.

Shale production will accelerate growth in demand for natural gas, and eventually revive drilling, by stabilizing supplies and prices for decades to come, Canada’s National Energy Board (NEB) has been told (see Shale Daily, Oct. 22).

The well efficiencies touted by exploration and production (E&P) companies in some of the star unconventional basins in North America could give the lesser-known names a chance to shine in the coming year, the COO of National Oilwell Varco Inc. (NOV) said Friday.