The Pennsylvania Department of Conservation and Natural Resources has appointed Brian Grove deputy secretary of administration, which is a position responsible for budget, information technology and human resources. Grove previously was senior director of corporate development for Chesapeake Energy Corp., the state’s most active natural gas driller. Among other things, the DCNR oversees drilling operations in state forests. Grove worked at one time for state Sen. Lisa Baker (R-Luzerne), and for the administrations of former Govs.Tom Ridge andMark Schweiker. John Giordano, whom Grove replaces, has gone to work for the New Jersey Department of Environmental Protection.
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New England Leads Quotes Lower; Futures Ease Slightly
Natural gas for physical delivery Thursday eased 2 cents overall on average in Wednesday’s trading, with New England points leading the charge lower with double-digit losses, while Marcellus points gained ground. For the most part, losers outnumbered winners, but most locations managed to trade within a few cents of unchanged.
Weak Northeast, East Lead Market Lower; November Out Like A Lamb
Physical gas prices for Wednesday delivery fell 6 cents overall in Tuesday’s trading, while traders were busy keeping one eye on a slip-sliding November futures contract as well as weather forecasts calling for unseasonable warmth in eastern energy markets and a weak next-day power market.
Appalachia Driving GreenHunter Water Handling Growth
Water resources company GreenHunter Resources Inc., which serves oil and gas shale producers, said company-wide volume of fluids handled during the third quarter was up 130% compared with a year ago.
ICE Planning Gas Storage-Based Futures Contract
IntercontinentalExchange (ICE) is betting the market will find value in trading a futures contract based upon changes in the Energy Information Administration’s (EIA) weekly natural gas storage reports.
Bipartisan Bill to Nix DOE OK in Gas Import/Exports from Canada, Mexico
A House Energy and Commerce Subcommittee Tuesday will hold a hearing on bipartisan legislation aimed at reforming cross-border energy trade between the United States, Canada and Mexico.
Atlanta Gas to Build Two More CNG Stations
Under a program backed by Georgia state regulators, AGL Resources’ Atlanta Gas Light utility said Monday its has signed agreements to open two more in a network of compressed natural gas (CNG) fueling stations in the state. The latest will be public access stations in Decatur and Oglethorpe, GA.
WPX Strikes Second Big Gas Find in Niobrara
A second natural gas well with double-digit initial production rates may confirm a gusher in the Niobrara formation, WPX Energy Inc. reported Monday.
Industry Briefs
Crosstex Energy LP plans to build a natural gas processing complex and rich gas gathering system to serve the Permian Basin. The initial investment of $140 million would include treating, processing and gas takeaway solutions for regional producers. The Bearkat project is to be fully owned by the partnership and is supported by long-term, fee-based contracts, Crosstex said. The complex would be near the partnership’s existing Deadwood joint venture assets in Glasscock County, TX, with an initial capacity of 60 MMcf/d, increasing the partnership’s total operated processing capacity in the Permian to 115 MMcf/d. The partnership also is building a 30-mile high-pressure gathering system upstream of Bearkat to serve Glasscock and Reagan counties. The entire project is scheduled to be operational in summer 2014.
Report: $40B of Midstream Projects Planned in Marcellus, Utica
Midstream companies are planning to spend about $40 billion, mostly over the next three to five years, on infrastructure projects in Ohio, Pennsylvania and West Virginia to serve the Marcellus and Utica shales, according to a comprehensive analysis by Marcellus Drilling News (MDN).