natural gas prices

Consol Prepares to Land Rigs at Pittsburgh International

Consol Prepares to Land Rigs at Pittsburgh International

Consol Energy Inc. and Pennsylvania’s Allegheny County Airport Authority (ACAA) last week unveiled a proposal for Pittsburgh International Airport property to drill 47 wells into airport property overlying the Marcellus Shale, with the potential to explore Upper Devonian targets.

September 2, 2013

Generator, Producer Link Arms to Develop New Marcellus Markets

IMG Midstream, builder of small-scale natural gas-fired power generation facilities, has signed a long-term agreement for Chief Oil & Gas to supply the natural gas to power “multiple” generation projects in four northeastern Pennsylvania counties.

September 2, 2013

41-Year-Old Yankee Gassed In Vermont

After weathering years of anti-nuclear protests, the Vermont Yankee Nuclear Power Station in Vernon, VT, is being shuttered. However, the nail sealing its coffin is cheap natural gas from shale plays; the controversial plant is just uneconomic. It’s not the first nuke to go and won’t be the last as markets open to more gas-fired generation.

September 2, 2013
September Bidweek Sees Firm California, Basis Flip-Flops

September Bidweek Sees Firm California, Basis Flip-Flops

NGI’s National Spot Gas Average for September bidweek advanced a seemingly nominal 4 cents to $3.49 from the previous month, but even though the Midwest got the lion’s share of market focus during August as it endured a brutal heat wave, California for the most part scored the nation’s highest bidweek price, with the PG&E Citygate coming in at $3.88, up 12 cents.

September 1, 2013
September Bidweek Sees Firm California, Basis Flip-Flops

September Bidweek Sees Firm California, Basis Flip-Flops

NGI’s National Spot Gas Average for September bidweek advanced a seemingly nominal 4 cents to $3.49 from the previous month, but even though the Midwest got the lion’s share of market focus during August as it endured a brutal heat wave, California for the most part scored the nation’s highest bidweek price, with the PG&E Citygate coming in at $3.88, up 12 cents.

September 1, 2013

Marcellus, Utica on Breakneck Pace Through 2014

Barclays Capital’s energy analysts see the potential for natural gas production from the Marcellus and Utica shales to jump by 3.6 Bcf/d year/year (y/y) in 2013 and almost as much again by the end of 2014.

August 26, 2013

Is the Sandman Fracking’s New Boogeyman?

The mining and transport of proppant sand are drawing controversy similar to that related to the content and handling of hydraulic fracturing (fracking) fluids if recent events are an indication.

August 26, 2013

Cross-Market Manipulation Gets Capitol Hill Attention

A number of Congressional lawmakers have expressed interest in resolving the issue of which federal agency — the Federal Energy Regulatory Commission or the Commodity Futures Trading Commission (CFTC) — has jurisdiction in cases involving the manipulation of the futures and physical gas markets, said a Commission spokeswoman.

August 26, 2013

Industry Briefs

Units ofKinder Morgan’sEl Paso Pipeline Partners LPsaid recent open seasons proved successful to provide incremental long-term transportation capacity from the Marcellus Shale region to serve markets in Georgia, South Carolina and northern Florida.Elba Express Co. LLC(EEC) andSouthern Natural Gas Co. LLC(SNG) completed open seasons for almost 600 MMcf/d of capacity to support southeastern infrastructure growth, and they attracted interest in 400 MMcf/d of potential additional capacity, which would bring the total expansion to as much as 1 Bcf/d. The north-to-south expansion capacity on the EEC system, including interconnects and delivery points, is expected to become available in phases, with service as early as June 2016 and all phases in service by about April 2019. Total capital invested by SNG and EEC to accommodate the initial phase of 600 MMcf/d is expected to exceed $200 million.

August 26, 2013

Producers See Equity Heating Up, ‘Vigorous’ Permian Enthusiasm

Exploration and production (E&P) companies remain enthusiastic about the U.S. onshore, in particular the Permian Basin, Niobrara formation, Utica Shale and the Tuscaloosa Marine Shale (TMS), based on observations at the recent EnerCom Consulting oil and natural gas conference, said two analyst teams who were there. However, Marcellus Shale pricing appears to be a “real concern for the buyside.”

August 26, 2013