natural gas data

Lawmakers in the New York State Assembly have passed a bill calling for a three-year moratorium high-volume hydraulic fracturing (HVHF) and horizontal oil and gas drilling, but time is running out for the bill to also win passage in the state Senate.

American Energy Partners LP and private equity manager The Energy & Minerals Group have formed American Energy-Midstream LLC to focus on investing in and developing oil and gas infrastructure in basins across the country. The new company said it will focus on building a portfolio of gathering and processing systems and long-haul pipelines aimed at serving American Energy affiliates in the Appalachian Basin, the Permian Basin and the Midcontinent. The move comes after months of American Energy acreage acquisitions since it was founded by Aubrey McClendon in April 2013, including a buying spree earlier this month in which it spent $4.25 billion to expand its Utica Shale footprint and enter both the Permian Basin and southern Marcellus Shale in West Virginia (see Shale Daily,June 9). The deal also marks the latest in a series of investments, mergers and initial public offerings in the midstream sector (see Daily GPI, June 16;Feb. 14).

Next-day gas for Thursday delivery changed little overall in trading Wednesday, but far more points were in the black than in the red.

North America’s unconventional oil boom, which quickly has risen to prominence to rule with its twin natural gas, will make the continent a global energy trading partner nonpareil within five years, the International Energy Agency (IEA) said Tuesday.

A California oil and gas regulator on Tuesday characterized the state’s latest revised draft hydraulic fracturing (fracking) rules as going beyond any other state’s since the law mandating them (SB 4) applies to all well stimulation activity, fracking just being part of what the recently revised rules cover.

The Dodd-Frank Wall Street Reform and Consumer Protection Act got some things right, and the industry has largely adapted to the new provisions, but there are still some parts of the new law that could use some tweaking, according to Matthew Picardi, vice president for regulatory affairs at Shell Energy North America.

Ten West Texas counties in the heart of the Permian Basin will produce $20.5 billion in economic output in 2022 — eight years from now — according to the University of Texas at San Antonio (UTSA) Institute for Economic Development.

Marking the first time natural gas will have flowed westbound on the Rockies Express Pipeline (REX), the pipeline’s Seneca Lateral was expected to begin initial service Wednesday with 0.25 Bcf/d of capacity, according to the Energy Information Administration (EIA), which cited a customer notice posted on the pipeline’s website.

Both of President Obama’s nominees to FERC were voted out of the Senate Energy and Natural Resources Committee in an often contentious meeting Wednesday, but a White House agreement that some members said would allow current Acting Chairman Cheryl LaFleur to remain at the helm until next year has not been finalized, according to ranking member Sen. Lisa Murkowski (R-AK).