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The Port of Vancouver, WA, Board of Commissioners on Tuesday approved a 10-year lease with a joint venture (JV) involving units of Tesoro Corp. and Savage Companies for a crude oil rail terminal at the port.

With most of the pipeline’s original 15-year term natural gas transportation agreements ending on Nov. 30, 2015, Alliance Pipeline is offering capacity on its system effective Dec. 1, 2015.

A class action lawsuit in Ohio pending in a Youngstown court could affect property owners attempting to rid themselves of original lease agreements with oil and natural gas operators.

The revival of the U.S. industrial sector will be “the most significant driver” to higher long-term natural gas prices, lifted by new ethylene crackers, ammonia plants and natural gas-to-liquids (GTL) facilities fed by stores of natural gas, according to an analysis by Raymond James & Associates Inc.

Lower 48 gross natural gas production during April increased 0.8% (0.57 Bcf/d) to 73.24 Bcf/d from a revised March figure of 72.67 Bcf/d, the U.S. Energy Information Administration (EIA) said Friday. In a separate report, EIA said overall April dry gas production set a record for the month, although it was “a small increase” from April 2012.

The revival of the U.S. industrial sector will be “the most significant driver” to higher long-term natural gas prices, lifted by new ethylene crackers, ammonia plants and natural gas-to-liquids (GTL) facilities fed by unconventional natural gas, according to an analysis by Raymond James & Associates Inc.

The revival of the U.S. industrial sector will be “the most significant driver” to higher long-term natural gas prices, lifted by new ethylene crackers, ammonia plants and natural gas-to-liquids (GTL) facilities fed by stores of natural gas, according to an analysis by Raymond James & Associates Inc.

Physical natural gas prices Wednesday rose on average nationally by nearly 3 cents, and most points recorded gains ranging from fractional increases to a few pennies, while more than a handful of locations experienced small losses. Great Lakes and eastern points managed gains of 2-3 cents, but New England couldn’t escape the grip of a soft power market and it was flat to a penny lower. At the close of futures trading, July had added 5.8 cents to $3.963 and August was up 5.8 cents as well to $3.985. July crude oil slipped 20 cents to $98.24/bbl.

Clarence P. Cazalot Jr., the majordomo of Marathon Oil Corp. for almost 14 years and a 41-year industry veteran, said Thursday he will retire at the end of the year.