natural gas

Both physical gas and futures posted gains in Tuesday’s trading. Gas for Wednesday delivery at most points added anywhere from a nickel to a dime, although the Mid-Atlantic took some hits as weather forecasts moderated.

Kinder Morgan Energy Partners LP (KMP) plans to spend $54 million to build an interconnect and other facilities for its Kinder Morgan Crude and Condensate (KMCC) pipeline after entering into a long-term transportation agreement with Republic Midstream Marketing LLC. Republic will construct a gathering pipeline from Lavaca County, TX, to the new interconnection at KMP’s DeWitt Station, near Cuero, TX. KMP also will build two storage tanks (each with 120,000 bbl of capacity), truck offloading racks and related facilities. The project is expected to come online in June. The deal with Republic gives KMP access to additional Eagle Ford production areas in Gonzales and Lavaca counties, said Don Lindley, KMP president of natural gas liquids. “We have now secured long-term commitments for more than 75% of the 300,000 b/d of capacity on KMCC,” he said. “Including joint ventures and other projects, KMP’s planned investments related to Eagle Ford crude and condensate opportunities currently total approximately $1 billion, all of which are supported by long-term customer contracts.”

Participating in multiple lawsuits, Wyoming Gov. Matt Mead showed Friday that he is not about to give up his beef with new U.S. Environmental Protection Agency (EPA) restrictions aimed at coal-fired generation plants.

Royal Dutch Shell plc still holds a solid portfolio of prospects in North America’s onshore and in the offshore, but there isn’t enough in the budget to do everything justice, according to CEO Ben van Beurden.

With natural gas pricing differentials continuing to accentuate the negative in the Appalachian Basin, Ultra Petroleum Corp. plans to continue to escalate operations in the Rockies while continuing to decrease operations in the Marcellus Shale, CEO Mike Watford said last week.

Now that Oregon’s two liquefied natural gas (LNG) export projects both have U.S. approvals to export to non-free trade agreement (non-FTA) nations, the question is raised again about the Pacific Northwest’s ability to support two multi-billion-dollar gas export terminals.

The Fayetteville and Marcellus shales continued driving gains for Southwestern Energy Co. in the second quarter, giving it cause to increase its capital expenditures for those positions and a new venture in Colorado’s Niobrara formation.

Vanguard Natural Resources LLC has agreed to acquire Cotton Valley formation natural gas, oil and natural gas liquids (NGL) assets in North Louisiana and East Texas for $278 million from Hunt Oil Co.

The stacked pay potential of the Midland Basin’s Wolfcamp Shale has been attracting increasing producer interest and investment, and that’s predicted to grow substantially as the play is further developed, according to Wood Mackenzie.