Physical gas for Thursday delivery gained overall on average 3 cents in Wednesday’s trading. Gains were widespread, with Gulf points solidly in the black, although Midcontinent constraints prompted lower prices at some Midcontinent pipelines. Major market hubs for the most part were within a few cents of unchanged.
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New Brunswick Anti-Shale Blockade Partially Lifted
Anti-shale protesters have taken down part of a barricade across a highway in New Brunswick but continue to block access to a facility where Southwestern Energy Co. (SWN) parks vehicles and seismic equipment.
FERC OKs Most of Tennessee’s Northeast Upgrade for Service
Tennessee Gas Pipeline (TGP) Tuesday got the go-ahead from FERC to place into service three pipeline loops associated with its Northeast Upgrade Project, which will carry an additional 636,000 Dth/d of natural gas from the Marcellus Shale to Northeast markets.
Gulfport Lowers 2013 Exit Rate on Drilling Delays
Gulfport Energy Corp. continues to expand its position in the Utica Shale, but the Oklahoma City-based operator’s 2013 exit rate has been adversely impacted by delays associated with drilling.
Appeals Court: Landowners Did Not Prove Drillers Negligent
A decision last year by the U.S. District Court for the Southern District of West Virginia has been upheld by an appeals court that landowners had not proven property damage or physical harm resulted from drilling and hydraulic fracturing (fracking) on their land in Jackson County, WV.
Takeaway Infrastructure Catching Up in Bakken, Kodiak CEO Says
Transportation of rapidly rising oil production in the Bakken Shale play is no longer a problem as both rail and pipeline shippers have excess capacity, according to the CEO of Kodiak Oil & Gas Corp., which sells its growing production at the wellhead. It holds no capacity for either rail or pipe shipments.
Robert Vagt Stepping Down as Heinz Endowments President
In a possible sign that the Heinz Endowments is shifting away from support for hydraulic fracturing (fracking), Robert Vagt announced Monday that he is stepping down as president of the Pittsburgh-based philanthropic organization.
Consol Secures Processing Agreement for Utica Production
Consol Energy Inc. disclosed Tuesday that it has signed a definitive agreement with Blue Racer Midstream LLC to construct, own and operate natural gas gathering pipelines and facilities in Noble County, OH, to support growing production with joint venture (JV) partner Hess Corp.
North Dakota Hits 1 Bcf/d Production; Oil Surge Continues
North Dakota officials reported Tuesday that the state again set all-time production records in August, hitting 1 Bcf/d for natural gas and 911,000 b/d of crude oil production. Department of Mineral Resources Director Lynn Helms predicted the state would soon pass the 1 million b/d milestone.
Tennessee’s Northeast Upgrade Inching Closer to Full Operation
Tennessee Gas Pipeline (TGP) Tuesday got the go-ahead from FERC to place into service three pipeline loops associated with its Northeast Upgrade Project, which will carry an additional 636,000 Dth/d of natural gas from the Marcellus Shale to Northeast markets.