natural gas prices

Industry Brief

Green Group Holdings unit GGH Wyoming LLC has opened its Grasslands Environmental facility near Bill, WY, to serve the waste disposal and water needs of the state’s oil and gas producers. The facility includes a pull-through commercial oilfield wastewater disposal facility, an industrial landfill, a non-potable water supply well, and two Class I injection wells. Grasslands Environmental covers 482 acres and will contain about 10 million cubic yards of permitted airspace for the disposal of solid waste generated by the oil and gas industry. The facility will offer disposal of produced and flowback water, contaminated soil, and industrial wastes. The design of the facility ensures that trucks are always moving forward to minimize backing within the facility. Another safety feature of the facility is active water transfer, meaning control over water is maintained at all times, ensuring there is no risk of losing containment, according to Green Group. Grasslands Environmental began fresh water sales in August and will begin accepting wastewater in late October, the company said. The industrial landfill and the deep well injection sites are in the permitting process and expected to be operational next year. Green Group specializes in the development of large-scale infrastructure, environmental permitting and operations for projects such as industrial parks, water supply facilities, transfer stations, facilities for processing recyclable materials, and solid waste landfills.

September 29, 2014

Cash Posts Solid Advance; Futures Fizzle, Yet November Adds 12 Cents

Strong gains swept through the physical market in Monday’s trading as a precipitous drop in next-day temperatures and a strong screen served notice to the bears that maybe their time is up.

September 29, 2014
NiSource Spins Off Columbia Pipeline Group To Unlock Growth Opportunities

NiSource Spins Off Columbia Pipeline Group To Unlock Growth Opportunities

In yet another sign of rising shale gas production and corresponding growth opportunities in the midstream sector, one of the nation’s largest utilities companies, NiSource Inc., announced a plan Sunday to spin-off its Columbia Pipeline Group (CPG) into a separate publicly traded company that would form a master limited partnership (MLP).

September 29, 2014

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November natural gas is expected to open 4 cents higher Monday morning at $4.07 as traders discount moderate near-term weather and focus on the risks and rewards of a higher pricing environment. Overnight oil markets were mixed.

September 29, 2014
Encana Newest Permian Player With $7B Athlon Deal

Encana Newest Permian Player With $7B Athlon Deal

Encana Corp. on Monday placed another transformative piece into its puzzle to move from the natural gas world into oil, agreeing to pay a total of $7.1 billion for Permian Basin operator Athlon Energy Inc., giving it 140,000 net acres in the heart of the oily Midland sub-basin.

September 29, 2014
Don’t Overlook NatGas Midstream as Mexico Energy Reforms Unfold

Don’t Overlook NatGas Midstream as Mexico Energy Reforms Unfold

The majority of interest in Mexico’s energy sector reforms has focused on oil and gas exploration and production, but there will continue to be investment opportunities in the natural gas midstream sector as well, according to consultancy ICF International.

September 29, 2014

EnLink Acquires Chevron’s Henry Hub Services, Gulf Coast NatGas Systems

EnLink Midstream has agreed to pay $235 million to acquire 1,400 miles of Gulf Coast natural gas pipeline assets from Chevron Corp. affiliates, as well as ownership and management of the title tracking services offered at Henry Hub.

September 29, 2014
NiSource Announces Major Plan to Leverage Shale, Spin-Off Columbia Pipeline Group

NiSource Announces Major Plan to Leverage Shale, Spin-Off Columbia Pipeline Group

In yet another sign of rising shale gas production and corresponding growth opportunities in the midstream sector, one of the nation’s largest utilities companies, NiSource Inc., announced a plan Sunday to spin-off its Columbia Pipeline Group (CPG) into a separate publicly traded company that would form a master limited partnership (MLP).

September 29, 2014

Goodrich Completes Two TMS Wells, Nears Completion on Three More

Goodrich Petroleum Corp. said two wells it completed in the Tuscaloosa Marine Shale (TMS) in Mississippi had peak 24-hour average production that met at least 1,000 boe/d, and it is in various stages of completing three additional wells targeting the play.

September 29, 2014

Expanded NatGas Use in Shale E&P Operations Takes Off

After decades of using costly diesel fuel in their exploration and production operations, some industry players are ramping up the use of their produced natural gas for U.S. shale play development, which is proving to be a cheaper and more environmentally friendly proposition.

September 29, 2014