natural gas data

Industry Briefs

The Federal Trade Commission has closed its investigation of Regency Energy Partners LP’s $1.3 billion acquisition of Eagle Rock Energy Partners LP’s midstream business. This was the final regulatory approval required for the deal’s closing, which is planned to occur Tuesday (July 1). The deal was announced late last year (see Shale Daily,Dec. 23, 2013).

July 1, 2014

Eastern Losses Offset Marcellus Gains; Futures Hold Their Ground

Physical trading for Wednesday followed a mixed path as forecasts of hot, humid weather at Northeast and East points were unable to prompt a continuation of the meteoric gains recorded Monday.

July 1, 2014

Freeport-McMoRan Completes Deal for Apache GOM Interests

Freeport-McMoRan Copper & Gold Inc. subsidiary Freeport-McMoRan Oil & Gas said Monday it has completed its acquisition of a bundle of deepwater Gulf of Mexico (GOM) prospects from Apache Corp., a deal that shores up an even bigger stake in the Lucius prospect.

June 30, 2014

Noble Agrees to Export Israel’s Leviathan Gas for Egyptian LNG

Noble Energy Inc. announced Monday that it had reached a nonbinding agreement to supply natural gas from Israel’s Leviathan field, located offshore in the eastern Mediterranean, to liquefaction facilities in Egypt owned by BG International Ltd.

June 30, 2014

East, Northeast Lead Rambunctious Weather-Driven Gains; Futures Advance

Physical gas for Tuesday delivery jumped higher in Monday’s trading, led mainly by weather-driven gains in the East and Northeast. Forecasters called for warm, humid conditions across major eastern power grids, and a strong power environment helped buttress the spot gas market. Gains also hit triple digits in the Mid-Atlantic, and more modest advances were seen in the Great Lakes, Midwest and the producing regions. The overall market gain came in well ahead of 20 cents.

June 30, 2014

Weekend Fire At Statoil Well Pad in Ohio Township Prompts Evacuation

Faulty hydraulic tubing is believed to be the cause of a large fire that erupted early Saturday at an eight-well pad operated by Statoil ASA, according to state regulators.

June 30, 2014
CNG or LNG? Still an Evolving Question in Alternative Fuels

CNG or LNG? Still an Evolving Question in Alternative Fuels

Market segments for natural gas transportation keep changing, broadening and readapting to technology advances, but the basic question of compressed natural gas (CNG) or liquefied natural gas (LNG) is still evolving, according to a Pace Global consultant focused on small-scale U.S. LNG production developments.

June 30, 2014

Woodside Trading Unit Signs Up for Corpus Christi LNG

Woodside Energy Trading Singapore Pte Ltd. has made a liquefied natural gas (LNG) sale and purchase agreement (SPA) with Cheniere Energy Inc.’s Corpus Christi Liquefaction LLC for LNG from the second train at the export terminal in development near Corpus Christi, TX.

June 30, 2014

Linn Builds Natural Gas-Rich Portfolio in $2.3B Deal with Devon

Devon Energy Corp. has completed its portfolio transformation after agreeing to sell five natural gas-weighted onshore properties covering 900,000 net acres to Linn Energy LLC for $2.3 billion.

June 30, 2014

New York High Court Upholds Local Frack Bans

In a decision that could further torpedo shale development in New York, the state’s highest court ruled Monday that local governments can enact bans on oil and gas activities, including hydraulic fracturing (fracking), because the statewide oil and gas mining law doesn’t trump municipalities’ zoning powers.

June 30, 2014