Oklahoma has created the Coordinating Council on Seismic Activity to link researchers with policymakers and energy industry experts in an effort to understand seismic activity in the state that is thought to be linked to oil and gas drilling activities (see Shale Daily,July 7). The council will be headed by Oklahoma Secretary of Energy and Environment Michael Teague. The council will include input from public sector groups such as the Oklahoma Geologic Survey, the Oklahoma Corporation Commission and the Oklahoma Energy Resources Board; research institutions including the University of Oklahoma and Oklahoma State University; industry groups such as the Oklahoma Independent Petroleum Association and the Oklahoma Oil and Gas Association, and state legislators. “Oklahoma has always had seismic activity,” said Gov. Mary Fallin. “But the reality is we are seeing more earthquakes today than we did several decades ago. It’s important we study this issue and have sound science that can inform decisions made in both the public and private sector.”
Tag / natural gas prices
Subscribenatural gas prices
Articles from natural gas prices
Regulators Still Unclear About Cause of Latest Ohio Earthquake
After a week-long investigation, state regulators on Friday said that two underground injection wells are the likely cause of a 2.1-magnitude earthquake recorded by the U.S. Geological Survey (USGS) in northeast Ohio on Aug. 31, and ordered them to shut down ahead of a full investigation.
Enterprise Offering Capacity on Bakken-to-Cushing Oil Pipeline
Houston-based Enterprise Products Partners LP on Thursday kicked off a binding open season for capacity on its proposed crude oil pipeline from the Williston Basin in North Dakota to the hub at Cushing, OK. The open commitment period will close Oct. 17.
Physical, Futures Race Lower; October Slides Again
Buyers of weekend and Monday gas weren’t fooled by forecasts in the East calling for 90-plus degree readings over the weekend and instead looked at Monday’s expected free-fall in forecast temperatures along with a weak power sector.
Industry Brief
Kinder Morgan Energy Partners LP is holding a binding open season for its previously announced Utica To Ontario Pipeline Access (Utopia) project, which would transport ethane and ethane-propane mixtures from the Utica Shale. Kinder Morgan Cochin LLC would construct, own and operate a 240-mile, 12-inch diameter pipeline from Harrison County, OH, to Kinder Morgan’s Cochin Pipeline near Riga, MI, where the company would then move product eastward to Windsor, ON (see Shale Daily,Dec. 16, 2013). Utopia would transport previously refined or fractionated natural gas liquids (NGL), including ethane and propane, with an initial 50,000 b/d of capacity, which would be expandable to more than 75,000 b/d. Pending a successful open season and regulatory approvals, Utopia could be in service by early 2018. For information, visit www.kindermorgan.com or contact Karen Kabin at karen_kabin@kindermorgan.com, (713) 369-9268.
Northeast Strength Minimizes Otherwise Broad Weekly Losses
Prices for the week ended Sept. 5 for the most part were mired in a sea of red ink, with only the Northeast making it into positive territory. That was enough, however, to keep the national average at only a modest penny loss.
Nova Scotia Government Promises to Ban Fracking
A week after an inquiry reported that hydraulic fracturing (fracking) frightens the public in Nova Scotia, the province’s Liberal government promised Wednesday to ban the practice.
Former Trading Range Revisited; October Slumps Post EIA Data
Natural gas futures fell following the release of government storage figures that were somewhat greater than what traders were expecting.
Industry Brief
Natural Gas Vehicle (NGV) fuel and fueling station developer Clean Energy Fuels Corp. at the end of last month was granted a natural gas export approval from the U.S. Department of Energy (DOE) to cover Canada, Mexico and other free trade agreement (FTA) nations. A Clean Fuels spokesperson told NGI the Newport Beach, CA-based company has no intention of getting into the full-scale LNG export business, although it is working on a containerized LNG project that involves the gas utility in Hawaii (see Daily GPI,April 10). Such shipments to another state such as Hawaii do not require DOE authorization. Clean Energy is negotiating with two Canadian trucking companies that plan to switch their fleets to run on LNG, and the DOE export authorization is a means for fuel supplier to serve the Canadian market. The DOE authorization is for a two-year period covering LNG shipments by truck, rail, barge or other waterborne vessel up to a combined total supply equivalent of 100 Bcf.
Cash, Futures Decline; October Makes Third Straight Loss
Physical traders Thursday made sure they got their deals done before the Energy Information Administration (EIA) storage report and they elected to sell and sell often. Prices at some Northeast points tumbled by double digits ahead of a cold front, but for the most part the day’s broad decline was limited to a few pennies.
