natural gas data

Anadarko Petroleum Corp.has been revealed as the seller of some natural gas-weighted properties in the Pinedale Anticline and Jonah field to a unit of Vanguard Natural Resources LLC for $581 million (see Shale Daily, Dec. 30, 2013). Vanguard confirmed the seller in a required Securities and Exchange Commission filing; it was advised on the sale by Tudor, Pickering, Holt & Co. Inc. The transaction would nearly double Vanguard’s reserves, with daily output increasing by 55%.

Spot natural gas prices for delivery Friday soared in Thursday’s trading as cold and in some cases blizzard conditions were forecast for major energy markets in New England and along the East Coast as winter storm Hercules moved in.

Oregon regulators on Monday granted a three-month extension for a review of Oregon LNG’s plans for a multi-billion-dollar liquefied natural gas (LNG) export facility along the Columbia River at Warrenton, OR.

Northeastern physical gas values for Wednesday and Thursday delivery mostly ticked higher in Tuesday’s trading as traders had to lock up volumes ahead of mind-numbing cold and snow expected to pound eastern energy markets. Mid-Atlantic points posted stout gains, but pipes serving the Boston area suffered declines. Futures traders took a big hit with February dropping 19.7 cents to $4.230 and March falling 18.9 cents to $4.193. February crude oil shed 87 cents to $98.42/bbl.

The Ohio Supreme Court plans to hear oral arguments in a case that for the first time challenges a controversial law passed by state legislators in 2004 that gave the Ohio Department of Natural Resources sole authority to permit and regulate oil and gas drilling.

David F. Smith, executive chairman of National Fuel Gas Co., is retiring effective April 1. He would continue to serve as chairman of the board. Smith joined National Fuel in 1978 and was CEO from February 2008 until March. Elected to the board in 2007 and named chairman in 2010, Smith during his tenure served as president of National Fuel Gas Supply Corp., National Fuel Gas Distribution Corp., Empire Pipeline Inc. and National Fuel Resources Inc. “During his five years as CEO, Dave established the current course of the company, focusing attention and significant resources on development in the Marcellus Shale as Seneca Resources Corp.’s total production nearly tripled and the company’s pipeline business commenced a historic, transformational realignment,” said CEO Ron Tanski. Seneca is the exploration and production (E&P) arm of the company. The integrated Williamsville, NY-based operator has $6.2 billion in assets in E&P, gathering, utility, energy marketing, and pipeline and storage.

Physical natural gas for delivery Tuesday vaulted higher Monday, fueled in large part by a number of capacity constrained points in New England. At the close of futures trading February had advanced 5.9 cents to $4.427 and March was higher by 4.6 cents to $4.382. February crude oil fell $1.03 to $99.29/bbl.

A survey of 1,000 U.S. citizens that set out to gauge where the public stands on the use of and issues surrounding hydraulic fracturing (fracking) found “an American populace that is largely unaware of and undecided about the issue,” the study’s authors said.

Howard Energy Partners has begun construction on two liquids-handling facilities to serve South Texas production from the Eagle Ford Shale and provide expanded market access for multiple products.