Needed

In the final regulatory hurdle needed for Sempra Energy to begin re-exporting liquefied natural gas (LNG) from its Cameron LNG import terminal in Hackberry, LA, as soon as Feb. 1, FERC on Thursday approved the company’s request, saying no environmental or other sensitive resources will be adversely affected since no new facilities or modifications of existing facilities are required.

Despite recent complaints from one environmental group about methods used last year to dispose of some of its drilling wastewater, Cabot Oil & Gas Corp.’s Marcellus Shale operations in Pennsylvania have been recycling 100% of flowback water for several months, a company spokesman told NGI’s Shale Daily Wednesday.

Activity in the Marcellus Shale hasn’t declined even in the face of weak natural gas prices, a Williams Cos. executive said Thursday.

Calgary-based Talisman Energy Inc. and Norway’s Statoil ASA have formed a joint venture (JV) to acquire 97,000 net acres of liquids-rich Eagle Ford Shale properties from Enduring Resources for US$1.325 billion, the companies said.

Fort Worth, TX-based Quicksilver Resources Inc. last week was said to be negotiating to gain a partner to inject needed funding into its cash-poor natural gas shale plays, but instead, the independent gained some negotiating room by selling its midstream operations.

Natural gas futures got all the support they needed Thursday to exit the recent $3.800-4.490 trading range to the upside after a bullish Energy Information Administration (EIA) storage report revealed that a less-than-expected 88 Bcf was injected into underground storage for the week ending May 28, which allowed traders to push July futures easily through resistance at $4.500 in Thursday morning trade. News late Thursday that the federal government is shutting down all Gulf of Mexico (GOM) drilling until new rules are implemented could keep prices bolstered.

FERC has approved the Wyoming-to-North Dakota Bison Pipeline that would provide producers with much-needed capacity to transport natural gas from the Powder River Basin to Midwest markets.

FERC has approved the Wyoming-to-North Dakota Bison Pipeline that would provide producers much-needed capacity to transport natural gas from the Powder River Basin to Midwest markets.

FERC has approved the Wyoming-to-North Dakota Bison Pipeline that would provide producers much-needed capacity to transport natural gas from the Powder River Basin to Midwest markets.