natural gas prices

Amidst conflicting concerns about air quality and economic growth, the Wyoming Department of Environmental Quality (DEQ) last month approved a natural gas processing plant in Douglas, WY, in Converse County where natural gas production is robust in a part of the Niobrara Shale.

Several cars of a Canadian National Railway (CN) train, including some loaded with crude oil and propane, derailed and caught fire in New Brunswick on Tuesday night.

New York Gov. Andrew Cuomo touched on a wide spectrum of past accomplishments and goals for the future, but made no mention of high-volume hydraulic fracturing (HVHF) in his fourth State of the State speech on Wednesday.

If shale gas production continues to increase at forecasted levels, IHS Global Inc. says investment in oil and gas midstream and downstream infrastructure could balloon to $1.15 Trillion over the next 12 years, according to a study commissioned by the American Petroleum Institute (API) released on Tuesday.

Northeastern physical natural gas prices for gas to be delivered on Wednesday began their return to Earth’s orbit from Monday’s all-time highs as the record cold temperatures populating much of the country Tuesday were expected to subside.

UGI Corp. subsidiary UGI Energy Services LLC has placed its newly-constructed 28-mile gathering pipeline and compressor station into full service. The Auburn pipeline extension provides gas supplies to local consumers in Pennsylvania, while also providing access to interstate markets for Marcellus Shale producers. The $160 million, 20-inch pipeline will initially deliver 200 MMcf/d of locally produced natural gas through UGI Energy’s Manning compressor station in Wyoming County, PA. to UGI Penn Natural Gas Inc., one of that company’s utilities and the interstate pipeline Transcontinental.

Prices for physical natural gas traded Monday for Tuesday delivery spiked in response to a Polar Vortex and record cold temperatures sweeping across the country. The day recorded the three highest prices ever published in NGI’s Daily Gas Price Index (see chart). Biggest gainers on the day proved to be points in and around New York City.

California regulators start the new year with a focus on two areas: gas pipeline safety issues continuing since the San Bruno transmission line failure and explosion three years ago (see Daily GPI, Sept. 13, 2010), and how to deal with the closure of the San Onofre Nuclear Generating Station (SONGS) in Southern California (see Daily GPI, June 10, 2013).

U.S. energy financial chiefs are feeling more optimistic than they did a year ago about the domestic economy and what’s ahead for the oil and natural gas sector in 2014, BDO USA LLP reported Monday.