Minimum

A member of the Pittsburgh City Council has introduced four proposed amendments to the city’s zoning code that would allow 40-acre minimum “mineral extraction districts” for Marcellus Shale drilling.

Fort Worth, TX-based Quicksilver Resources Inc. provided an operational update on its recently completed well in the Delaware Basin in West Texas and the completion of an eight-well pad in the Horn River Basin in British Columbia (BC).

Royal Dutch Shell plc plans to invest a minimum of $1 billion a year in unconventional natural gas exploration in China, the producer’s top China executive said this week.

A proposed 16-inch diameter, 450-mile oil pipeline from North Dakota’s Bakken Shale to a hub near Clearbrook, MN, is at risk for delay or termination due to a stalemate with Enbridge Energy Partners LP, which is refusing to allow an interconnection with its pipeline in Minnesota, according to High Prairie Pipeline, which has filed a complaint at FERC.

January natural gas swan-dived lower Friday as traders noted a continuing deterioration in both the fundamental and technical dimensions to the market. At the close January had fallen 14.0 cents to $3.317 and February had given up 13.3 cents to $3.353. January crude oil added $1.07 to $99.41/bbl.

Revenue raised through a proposed impact fee that would cost Marcellus Shale drillers a minimum $10,000 per well annually is needed to help close a project $4.2 billion budget gap in Pennsylvania, according to state Senate President Pro Tempore Joe Scarnati (R-Jefferson).

Revenue raised through a proposed impact fee that would cost Marcellus Shale drillers a minimum $10,000 per well annually is needed to help close a project $4.2 billion budget gap in Pennsylvania, according to state Senate President Pro Tempore Joe Scarnati (R-Jefferson).

Due to continuing high linepack in all segments, Westcoast has implemented a systemwide OFO setting the tolerance for positive daily imbalances at the minimum of 10% or 500 GJ.

Citing forecasts of Florida lows in the 30s and linepack below its minimum target levels, Florida Gas Transmission issued an Overage Alert Day for market-area customers Thursday with a 15% tolerance for negative daily imbalances.