natural gas prices

DTE Energy Co. plans to expand its in-field natural gas gathering system in Susquehanna County, PA, by 50% under an agreement with Southwestern Energy Co.

A bill passed by the Ohio House of Representatives in May that would levy a 2.5% severance tax on oil and natural gas production from horizontal wells has stalled in the state Senate, but lawmakers are expected to take up deliberations again in 2015.

Although a de facto moratorium remains in place against oil and natural gas development in the Delaware River Basin, a proposed pipeline for Marcellus Shale gas that would cut across the basin needs to pass the muster of the Delaware River Basin Commission (DRBC).

The Commodity Futures Trading Commission (CFTC) is seeking public input on the priorities and composition of the newly formed Market Risk Advisory Committee. In arequest for comment published in the Federal Register, CFTC invited the public to propose topics upon which the MRAC should focus in making recommendations to the Commission on how to improve market structure and mitigate risk, and nominate individuals (including self-nominations) for MRAC membership in accordance with requirements outlined in the committee’scharter. The MRAC’s mandate is to conduct public meetings and submit reports and recommendations to CFTC on matters of public concern to clearinghouses, exchanges, intermediaries, market makers, end-users and the Commission regarding systemic issues that threaten the stability of derivatives markets and other financial markets; and assist CFTC in identifying and understanding the impact and implications of an evolving market structure and movement of risk across clearinghouses, intermediaries, market makers and end-users. Suggestions and nominations should be e-mailed by Dec. 3 to MRAC_Comments@cftc.gov, or mailed to Petal Walker, Chief Counsel to Commissioner Sharon Bowen, CFTC, Three Lafayette Centre, 1155 21st St. NW, Washington, DC, 20581.

Offshore oil and natural gas leasing in the Eastern Gulf of Mexico (GOM) and the U.S. Atlantic and Pacific coasts — areas now almost entirely off limits to development — could raise more than $200 billion in revenue and create nearly 840,000 jobs by 2035 if leasing were to begin in 2018, researchers said Wednesday.

Maturation of the midstream master limited partnership (MLP) sector has coincided with the shale natural gas/oil-driven infrastructure buildout boom in a way that should give developers confidence that the billions in capital they need to get projects in the ground will be available, a Goldman Sachs managing director told a Houston audience Tuesday.

Next-day natural gas overall inched lower in Wednesday’s trading as multi-dollar drops in New England were able to offset broad gains seen across a wide expanse encompassing the Marcellus, Midwest, Midcontinent, Gulf, and California.

Gasfrac Energy Services Inc. officials said during a 3Q2014 conference call that the company is fracturing its first Ohio Utica Shale well with liquefied propane gas gel. The company did not disclose the operator nor where the well is located but said it is an oil well. Initial test results are expected in December. The Calgary-based oilfield services company also indicated that it is looking for a buyer.

Citing ongoing changes on the federal and state level regarding natural gas and electricity system coordination, the California grid operator plans to defer action on a gas pipeline penalty recovery initiative to update some of its work from two years ago.