natural gas data

Heavy Metals Found Near Barnett NatGas Sites

Heavy Metals Found Near Barnett NatGas Sites

A study of Barnett Shale region water wells has found elevated levels of heavy metals near natural gas extraction sites, but a link to drilling/production activity has not been determined and may not be, researchers from the University of Texas at Arlington (UTA) said.

August 5, 2013

JPMorgan Penalized for Gaming Power Markets

FERC last Tuesday approved a stipulation and consent agreement ordering JP Morgan Ventures Energy Corp. (JPMVEC) to pay $410 million in penalties and disgorge profits for allegedly manipulating power markets in California and the Midwest.

August 5, 2013

Massachusetts NatGas Leaks Said to Cost $1.5B Over 10 Years

In a litmus test on the costs to utility consumers for natural gas lost through leaky distribution pipeline systems and other sources, Massachusetts consumers paid as much as $1.5 billion more in the last decade just for the leaks, a congressional study has found.

August 5, 2013

Centrica Unit to Pay $1.03B for Hess Energy Marketing Business

Centrica plc North American subsidiary Direct Energy Business has agreed to acquire Hess’s New Jersey-based energy marketing business for $731 million in cash and approximately $300 million in net working capital, the UK utility said Tuesday.

August 5, 2013

FERC Calls for Review of Tetco Flows on Appalachian Gas Growth

FERC has called for a technical conference to address an intermittent reversal of natural gas flow on Texas Eastern Transmission’s (Tetco) system in Ohio caused by the increasing influx of rich Appalachian gas.

August 5, 2013

Chesapeake’s New Strategy: Live Within Cash Flow

Chesapeake Energy Corp.’s shareholders were cheering last week after the company delivered a solid quarterly earnings report and outlines of a new strategy to live within cash flow, ending its longstanding mode of capturing leasehold to focus on developing only the best plays in the portfolio.

August 5, 2013

FERC’s REX Decision May Disrupt Pipeline Industry, Says INGAA

A FERC administrative law judge’s (ALJ) initial decision ordering refunds of pipeline charges wrongfully collected by Rockies Express LLC (REX) pipeline for lost and unaccounted for gas, if endorsed by the full Commission, could disrupt the entire pipeline industry, according to the Interstate Natural Gas Association of America (INGAA).

August 5, 2013

Marcellus, Utica NatGas Seen Surging Past Rockies, Canada

Natural gas production from the Marcellus and Utica shales should double over the next five years, surpassing Rockies output levels from 2012 and accounting for “over a quarter of U.S. Lower 48 gas production,” Wood Mackenzie upstream analysts are forecasting.

August 5, 2013

Cool Temps, Gas Surplus Send August Bidweek Down 21 Cents

This year’s unseasonably cool summer in parts of the eastern United States and a natural gas supply glut brought on by the country’s shale production boom are continuing to put downward pressure on natural gas prices, as evidenced byNGI’s August Bidweek Survey. The national spot gas average for the month dropped 21 cents from July to average $3.45/MMBtu.

August 1, 2013

Northeast Leads ‘Free Fallin’ July Bidweek

With screen prices at a three-month low it’s no surprise that July bidweek came in a bit soft.NGI’s National Spot Gas Average for July bidweek came in at $3.66, a 48-cent decline from June 2013, but 94 cents higher than the July 2012 bidweek average.

July 1, 2013