natural gas prices

Industry Brief

West Virginia Gov. Earl Ray Tomblin plans to use his executive powers to change a state law passed earlier this year that requires stringent regulation of above-ground storage tanks (see Shale Daily,Feb. 14). The law was passed in response to a January incident in which thousands of gallons of coal-cleaning chemicals leaked from a processing facility on the Elk River. It requires the West Virginia Department of Environmental Protection (WVDEP) to inspect storage tanks annually. That rankled a number of industries, including smaller oil and gas companies. Tomblin’s administration is pushing for a system that will require strict inspection standards for tanks that hold more than 50,000 gallons, those near water supplies and those that hold hazardous materials. That will help reduce the number of tanks, such as smaller ones used by the oil and gas industry, that WVDEP will have to closely oversee. Smaller tanks will still be subject to the law, but compliance and inspections will be less extensive under Tomblin’s changes. Updated rules for larger tanks are expected in the coming weeks.

September 10, 2014

Midcontinent to Become Awash in NatGas, Say Experts

With robust production growth in the Appalachian Basin and extensive infrastructure expansions on both sides of the U.S. and Canadian border, the Midcontinent figures to become awash in natural gas during the next five years, according to three industry experts who spoke Tuesday at an energy forum in Chicago.

September 10, 2014

Sempra’s Cameron LNG and Caribe’s Containerized LNG Project Cleared for Global Exports

The U.S. Department of Energy (DOE) on Wednesday issued final authorization to Sempra Energy’s large-scale Cameron LNG project and to a smaller Carib Energy LLC project, both on the Louisiana coast, for global exports of domestically produced liquefied natural gas (LNG).

September 10, 2014

Eastern Gains Overpowered by Wider Weakness; October Eases Ahead Of EIA Stats

Spot natural gas prices Wednesday for Thursday delivery were dragged down by soft pricing in the Midwest and Producing Zones that were tamed somewhat by strength in New England and the Mid-Atlantic.

September 10, 2014
Global Dynamics to Lift Gas Prices, CME Economist Says

Global Dynamics to Lift Gas Prices, CME Economist Says

In the next five to seven years, natural gas prices will trend upward as global oil prices move down, the chief economist for The CME Group, Blu Putnam, told an energy industry meeting in Chicago on Tuesday.

September 10, 2014

Researchers Chipping Away at Cheaper Flowback Water Treatments

Biochar, an agricultural waste product that attracts and retains water, may be a safe and inexpensive way to treat flowback water from hydraulic fracturing (fracking), according to Texas researchers.

September 10, 2014

New Gulf South Header Would Serve Freeport LNG Terminal

Boardwalk Pipeline Partners LP’s Gulf South Pipeline Co. LP is planning a Gulf Coast supply header and a legacy system expansion to serve Freeport LNG Development LP’s liquefied natural gas (LNG) export terminal near Freeport, TX.

September 10, 2014

Dying Natgas Bull Recovering? October Called A Penny Higher

October natural gas is set to open a penny higher Tuesday morning at $3.89as traders balance near term forecasts not quite as cool as before, and study a somewhat changed technical picture. Overnight oil markets rose.

September 9, 2014

Canada Joins U.S. in NatGas Transportation Push

Building on a joint U.S.-Canada government cooperation plan issued at the end of last month, the Canadian Gas Association (CGA) and the Canadian Natural Gas Vehicle Alliance (CNGVA) have pledged their “full support” for increased cooperation between the two nations on efforts to promote use of natural gas vehicles (NGV).

September 9, 2014

Major Fertilizer Plant Proposal Re-Energized in North Dakota

Plans for a major natural gas-fed fertilizer plant in North Dakota were re-energized Friday when the board of directors for the sponsoring agricultural cooperative voted to move ahead with plans for the $3 billion project that bids to soak up some of the wellhead gas being flared as part of the Bakken shale boom. The project had been on hold because of construction and labor cost concerns.

September 9, 2014