Washington state regulators on Thursday approved Cascade Natural Gas Co.’s first general rate case in nearly a decade as part of a $4 million settlement agreement. Higher rates, averaging about $1.39/month more, go into effect Sept. 1, following the action by the Utilities and Transportation Commission (UTC). Kennewick, WA-based Cascade originally sought a $10.5 million (4.17%) general increase in rates; the settlement reduced the hike to 1.6%. Cascade’s last general rate hike was in 2007. In addition to the utility and UTC staff, parties to the settlement included Northwest Industrial Gas Users, The Energy Project, and the public counsel unit of the Washington Attorney General’s Office.
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Seven Generations Boosting Montney Shale NatGas Focus in C$1.9B Deal With Paramount
Calgary-based Seven Generations Ltd. (7G) on Wednesday struck a C$1.9 billion ($1.47 billion) deal to expand its natural gas opportunities in the Montney Shale in a transaction that also would bring aboard cross-town rival Paramount Resources Ltd. as a 10% stakeholder.
July 7, 2016
NGP-Backed Centennial Considering IPO For Permian-Focused E&P Operations
Centennial Resource Development Inc., which owns 61 horizontal wells concentrated in the Permian Basin’s Delaware sub-basin, is planning to launch an initial public offering (IPO) to raise up to $100 million, becoming the first potential offering by a U.S. onshore explorer in two years.
June 23, 2016
Rex Energy Lands More Money to Hold Appalachian Acreage With Production
Rex Energy Corp. is pushing ahead on its recently acquired Moraine East area in Western Pennsylvania’s northern Butler County, announcing Tuesday that it has completed 20 Marcellus and Upper Devonian shale wells there since it started drilling operations last year (see Shale Daily,June 11, 2015).
June 21, 2016
Pennsylvania Impact Fees Decline on Lower NatGas Prices
The Pennsylvania Public Utility Commission (PUC) said late Wednesday that it collected about $187.7 million from the state’s natural gas producers last year, or $35.8 million less than what it collected in 2014 as a result of the steep year-over-year decline in benchmark prices.
June 16, 2016
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New Brunswick’s energy minister said a moratorium on hydraulic fracturing (fracking) in the province, enacted in late 2014, will continue indefinitely because the provincial government does not believe the oil and gas industry can meet five criteria to allow drilling to move forward.
June 3, 2016
Canadian Gas Association Seeks to Grow Renewable NatGas Market Share
Targets of 5% in 2025 and 10% as of 2030 were set Wednesday for the national market share of renewable natural gas (RNG) by the Canadian Gas Association (CGA).
May 31, 2016
Citadel Buys WPX NatGas Transport Agreements in Piceance
Tulsa-based independent WPX Energy Inc. has eliminated natural gas transportation obligations that had supported its former Piceance Basin operations in an agreement with Citadel NGPE LLC.
May 26, 2016
Anadarko Enamored of GOM Tiebacks, Pursuing More Monetizations
Although Anadarko Petroleum Corp. is “incredibly excited” about opportunities developing in the Denver-Julesburg (DJ) and Permian basins, the company said it is even more enamored of tiebacks in the Gulf of Mexico (GOM) and plans to devote future divestiture income there.
May 26, 2016
Parsley Spices Up Portfolio With Two More Deals in Permian
Parsley Energy Inc. has added more seasonings to its Permian Basin holdings in West Texas, agreeing Monday to pay almost $290 million for mineral rights and acreage in Pecos and Reeves counties.
May 24, 2016
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