Northeastern

The Northeastern United States this winter is in for colder-than-normal temperatures, while west of the Continental Divide is expected to see milder-than-normal conditions, according to the Winter Forecast released by AccuWeather.com’s Long Range Forecast Team, led by Chief Meteorologist Joe Bastardi.

CenterPoint said potential restrictions on its deliveries into MRT at the Perryville Hub in northeastern Louisiana (see Daily GPI, July 19) were ended Tuesday afternoon.

With Hurricane Emily’s projected path shifting a little south to the northeastern Gulf Coast of Mexico, the futures market breathed a sigh of relief on Monday, bringing fixed cash prices down as well. Basis, however, widened at many market points due to the continued oppressive heat and humidity across most of the country that kept power generators active.

XTO Energy Inc. will develop acreage in the northeastern portion of the Piceance Basin in northwest Colorado under a farm-in agreement with ExxonMobil Corp., the producer said Thursday. The arrangement is similar to one ExxonMobil established with Apache Corp. last year for other North American properties..

Shell Canada announced that it has acquired 58,000 acres of land in northeastern British Columbia for $85 million, providing exploration and development prospects in the deep basin area. The company said the purchase doubles its holdings of tight sands, or basin-centered, gas resources in Canada, and illustrates the need to focus more on unconventional plays because of maturing conventional resources.

Paramount Energy Trust (PET) purchased 104 Bcf of proved and probable gas reserves and 48 MMcf/d of northeastern Alberta natural gas production from an undisclosed seller for $290 million, boosting its own supply output by 40%. The deal is expected to close in May.

Paramount Energy Trust (PET) purchased 104 Bcf of proved and probable gas reserves and 48 MMcf/d of northeastern Alberta natural gas production for $290 million, boosting its own supply output by 40%. The deal is expected to close in May.

Pioneer Natural Resources Co. is poised to become the third largest net land holder in Alaska following its announcement Thursday to expand its existing acreage on the North Slope. As part of a wide-sweeping plan, the Dallas-based producer is launching a joint exploration program in the first quarter with co-owners ConocoPhillips and Anadarko Petroleum Corp., with an eye on establishing a new core division in the state.

Talisman Energy made a major natural gas find in northeastern British Columbia. A successful Paleozoic gas well in its core Monkman area tested at a restricted rate of 40 MMcf/d with maximum open flow potential of more than 75 MMcf/d. The company said the well, 20% of which is owned by Seneca Energy Canada Inc., should begin production at 40 MMcf/d by January.