natural gas

Halliburton Co., the largest hydraulic fracturing services provider in the United States, signaled an industry-wide recovery on Monday as it begins to accelerate additions to its fleet and in capital spending.

Temperatures in the Northeast will average cooler than normal next month, but the East and West can expect warmer-than-normal weather to dominate in September and October, according to forecasters at Weather Services International (WSI). For much of that time, below-normal temperatures are expected to be prevalent from the northern and central Rockies, eastward through the Great Lakes and Ohio Valley.

Backers of a plan to pipe, liquefy and then ship Alaska North Slope natural gas to global markets have applied to the U.S. Department of Energy (DOE) for export authorization for their multi-billion-dollar project.

A preliminary report released by the U.S. Environmental Protection Agency (EPA) detailing the response of federal, state and local officials in the days after a fire and explosion last month caused significant damage at an eight-well pad operated by Statoil ASA in Monroe County, OH, suggests a broken hydraulic line was likely the cause.

Diamondback Energy Inc., laser-focused on the Permian Basin in Texas, has added more than 13,000 net acres to its portfolio in a $538 million deal.

August through October temperatures in the Northeast and portions of the Midwest will continue to pressure prices in the Marcellus Shale, according to forecasters at Weather Services International (WSI), who see North America inventory levels finishing the injection season above 3,700 Bcf, not much below last year’s adjusted level of 3,809 Bcf.

With the adoption of its $29.1 billion budget for 2014-2015, Pennsylvania cut its share of funding to the Delaware River Basin Commission (DRBC) by more than half, a move environmentalists and Democrats say is retaliation for the commission’s failure to enact rules governing oil and gas development in the basin.

Physical natural gas for weekend and Monday delivery continued to trudge lower in Friday’s trading, partly motivated by a need to play catch-up to Thursday’s screen declines, but weather forecasts continued to call for seasonal temperatures across a broad swath of the country.

Piedmont Natural Gas will solicit bids for asset management services and gas supply to begin Nov. 1 for its North Carolina, South Carolina and Tennessee operations. The Charlotte, NC-based utility has a total system throughput of more than 250 Bcf/year, with firm transportation contracts on Columbia Gas Transmission, Columbia Gulf Transmission, Dominion Transmission, East Tennessee Natural Gas Pipeline, Midwestern Gas Transmission, Texas Eastern Transmission, Tennessee Gas Pipeline and Transcontinental Gas Pipeline. The company will be seeking asset management services, seasonal and year round supply for contract terms yet to be determined. To receive a copy of the request for proposals when posted, contact Keith Maust, (704) 731-4901, or Sarah Stabley, (704) 731-4907.