natural gas prices

Industry Brief

The Pennsylvania Department of Environmental Protection (DEP) has fined a subsidiary of Halliburton Co. $1.8 million for 255 violations of the state’s Solid Waste Management Act between 1999 and 2011. The DEP on Tuesday said Halliburton had waived its right to appeal and signed a consent agreement for the fine against subsidiary Halliburton Energy Services. DEP became aware of the violations in 2011 during an inspection of a Homer City facility in Indiana County, PA. Inspectors discovered that Halliburton had stored, treated and transported hydrochloric acid waste without obtaining proper DEP permits. A further investigation revealed that the company had committed the violation on multiple occasions to 1999. DEP said between 1999 and 2011 Halliburton transported acidic waste that originated at well sites without identifying the waste as “hazardous,” without the proper trucking permits and without using a licensed hazardous waste transporter. Additionally, the company sent the waste to an unauthorized treatment and disposal operation. The DEP said no evidence suggests the waste handling caused any harm to the public or environment.

February 20, 2014

Cimarex on ‘Glide Path’ to Maintain Delaware Basin Leasehold

Cimarex Energy Co. executives said the company has completed two wells targeting the Wolfcamp Shale of the Permian Basin with 10,000-foot laterals and plans to drill three more at that length as it looks to continue testing and lock up the majority of its leases by 2017.

February 20, 2014
Citizens Group Looking to Enact Frack Ban in Denton, TX

Citizens Group Looking to Enact Frack Ban in Denton, TX

A newly formed group of citizens in Denton, TX, which sits the northern edge of the Barnett Shale, said Tuesday it is gathering signatures for a ballot initiative that basically would ban unconventional drilling by banning new wells from performing hydraulic fracturing (fracking) within the city limits.

February 20, 2014

STW Completes Two Permian Pipeline Projects, Wins Contract for Third

STW Resources Holding Corp. (STW) said one of its subsidiaries has completed building two pipeline projects to serve producers in the Permian Basin and has been awarded a contract to complete a third pipeline now under construction.

February 20, 2014
Futures Stumble Following Revised EIA Storage Data

Futures Stumble Following Revised EIA Storage Data

Physical natural gas prices for Friday delivery posted another set of strong gains in Thursday’s trading with market points having access to Canadian markets showing multi-dollar gains. A handful of points in South Texas saw minimal losses, but nearly every other location showed gains of a quarter to 50 cents or more.

February 20, 2014
Winter in Rear View, Williams Eyeing ‘Tremendous Appetite’ for NatGas Infrastructure

Winter in Rear View, Williams Eyeing ‘Tremendous Appetite’ for NatGas Infrastructure

Well freeze-offs and severe winter weather that stormed across North America beginning in late November had minimal impact on Williams and its extensive natural gas pipeline operations, CEO Alan Armstrong said Thursday.

February 20, 2014

FERC Technical Conference to Focus on Winter Gas, Electric Price Spikes

At the end of what has proven so far to be an unusually harsh winter, FERC will hold a technical conference to evaluate the U.S. electric grid’s performance and review interaction between the natural gas and electricity markets, Acting Chairman Cheryl LaFleur said Thursday.

February 20, 2014
Pennsylvania Natural Gas Production Up 62% y/y to 3.3 Tcf

Pennsylvania Natural Gas Production Up 62% y/y to 3.3 Tcf

Exploration and production companies operating in Pennsylvania produced 3.3 Tcf of unconventional natural gas last year, an impressive increase of 1.3 Tcf over 2012 production, according to data compiled by Pennsylvania State University’s Marcellus Center for Outreach and Research (MCOR).

February 20, 2014

Increased Sabine Pass LNG Production, Export Capacity Approved by FERC

FERC on Thursday approved a request from Sabine Pass Liquefaction LLC (SPL) and Sabine Pass LNG to increase the maximum peak day liquefied natural gas (LNG) production and export capacity for Trains 1-4 at the Sabine Pass LNG terminal to 2.76 Bcf/d.

February 20, 2014

Industry Brief

The Federal Energy Regulatory Commission on Thursday denied a rehearing request submitted by Gunpowder Riverkeeper and the Woodstock Residents, who had objected to the Commission’s Nov. 21, 2013 order granting Columbia Gas Transmission authority to construct and operate pipeline facilities in Baltimore and Harford counties in Maryland (see Daily GPI, Nov. 25, 2013). The groups “make no showing that they will be irreparably harmed” by the project, Commissioners said in their order. The Line MB Expansion is part of a system-wide, approximately $2 billion, five-year modernization program designed to improve Columbia’s aging infrastructure. The expansion calls for the phased construction of approximately 21.1 miles of 26-inch diameter pipeline from the current terminus of Columbia’s existing Line MB in Baltimore County to the existing Rutledge Compressor Station in Hartford County and associated facilities. The project, which the company estimates will cost about $132 million, is expected to be placed into service by the end of this year.

February 20, 2014