The Pennsylvania Department of Environmental Protection (DEP) has completed its review of a 715-page air quality permit application submitted by Shell Chemical Appalachia LLC for a proposed multi-billion dollar ethane cracker, and the agency is one step closer to approving it, pending a public comment period.
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NEXUS Asked to Reroute Gas Pipeline as Ohio Opposition Grows
The NEXUS Gas Transmission system, backed by Spectra Energy Corp., DTE Energy and Enbridge Inc., is facing increasing opposition in Ohio, and one city has asked FERC to require part of the pipeline be rerouted.
March 30, 2015
Breitburn Secures $1B Investment for ‘Strategic Opportunities’
Energy debt specialist EIG Global Energy Partners has agreed to invest $1 billion in onshore explorer Breitburn Energy Partners LP, which the producer said it would use to repay debt and pursue “strategic opportunities as they arise.”
March 30, 2015
Texas Well Permitting Falls Again; Year-to-Date Completions Down Sharply
Texas oil and gas well permitting activity declined again in February, both sequentially and compared with one year ago. Oil well completions were up modestly from January but down sharply from a year ago as the rig retreat in the oil patch continued.
March 30, 2015
Some Basis Markets Boosted Last Week by Bidweek Volatility, Summer Fundamentals
Bidweek volatility, a bearish storage picture and expectations of low hydro supplies sparked a handful of movers and shakers in an otherwise dull natural gas forwards basis market last week.
March 30, 2015
Cash, Futures Mark Time as Record-Ending Inventories In Sight
Physical gas prices for Tuesday delivery moved little in Monday’s trading. Small gains in the Gulf and West were offset by losses of only a penny or two at market centers in the East and Midwest.
March 30, 2015
Pennsylvania PUC Green Lights Another Program to Expand NatGas Service
The Pennsylvania Public Utility Commission (PUC) has voted unanimously to approve a program that would allow Peoples Natural Gas Co. and its affiliates to charge monthly installments for the cost of expanding natural gas service to interested customers in underserved parts of the state.
March 30, 2015
LNG Group Blasts Proposed Climate Change Guidance
The Obama administration’s proposed guidance for considering climate change in federal agency project reviews overreaches existing statute, oversimplifies the analysis of project impacts and could contradict administration objectives for clean power, a liquefied natural gas (LNG) trade association said.
March 30, 2015
Resolute Chips Away at Debt With $42M Midland Basin Sale
Resolute Energy Corp. (REN) has agreed to sell noncore assets in the Midland Basin in West Texas to a private party for $42 million and use the proceeds to pay down debt. The Midland is a sub-basin of the Permian Basin.
March 30, 2015
Bodies Found at Manhattan Explosion Site; Investigation Into Cause Continues
The bodies of two missing men were found Sunday at the site of an explosion possibly caused by natural gas in New York City, according to New York City Fire Department Commissioner Daniel Nigro, and investigators are reportedly looking into allegations of pipeline tampering prior to the accident.
March 30, 2015
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