Northeastern

Fire Shutters West Tavaputs Output

A fire last Tuesday at Bill Barrett Corp.’s (BBG) Dry Canyon compressor station in its West Tavaputs natural gas field in northeastern Utah’s Uinta Basin sent two employees to the hospital and shut in an estimated 88 MMcfe/d net.

November 26, 2012

Fire Shuts In Bill Barrett West Tavaputs Production

A fire Tuesday morning at Bill Barrett Corp.’s (BBG) Dry Canyon compressor station in its West Tavaputs natural gas field in northeastern Utah’s Uinta Basin sent two employees to the hospital and shut in production.

November 26, 2012

Northeast, Midwest Hit by Moderating Weather Forecasts; Futures Rise

Cash prices overall tumbled 17 cents on average Thursday as weather outlooks changed abruptly. Northeastern points were the hardest hit with prices free-falling upwards of $2 at some locations, but the East and Texas suffered losses as well. At the close of futures trading December had risen 3.0 cents to $3.608 and January was higher by 2.3 cents to $3.737. December crude oil gained 65 cents to $85.09/bbl.

November 9, 2012

Dominion Secures Utica Agreement, Readies Expansions

Dominion Resources Inc. has secured a long-term natural gas gathering service agreement in northeastern Ohio with M3 Ohio Gathering (Momentum) to process wet gas from the Utica Shale and is readying several projects in the Utica and Marcellus shale region to expand capacity services, CEO Tom Farrell said Thursday.

October 29, 2012

Dominion Secures Liquids Agreement in Utica, Readies Expansions

Dominion Resources Inc. has secured a long-term natural gas gathering service agreement in northeastern Ohio with M3 Ohio Gathering (Momentum) to process wet gas from the Utica Shale and is readying several projects in the Utica and Marcellus shale region to expand capacity services, CEO Tom Farrell said Thursday.

October 29, 2012
Pennsylvania Urged by Industry, Locals to Scrutinize Drilling Rules

Pennsylvania Urged by Industry, Locals to Scrutinize Drilling Rules

The Pennsylvania Public Utility Commission (PUC) has received requests from citizens, oil and gas companies and local officials to review the drilling ordinances of three of the five localities in southwestern Pennsylvania that have filed a legal challenge to Act 13, the state’s omnibus Marcellus Shale law.

September 20, 2012

Restriction Rocks Northeast; Futures Stumble

The cash market eased overall Monday an average of 3 cents, but if titanic gains at some Northeastern points are factored out, the change was closer to a decline of 6 cents. A major Northeast pipeline announced significant maintenance work and deliveries north into Boston were sharply reduced. Weakness was also noted at California, Gulf, and Rockies points. At the close of futures trading October had sagged 7.8 cents to $2.865 and November was down 6.8 cents to $3.015. October crude oil tumbled $2.38 to $96.62/bbl.

September 18, 2012

Appeals Court Rejects Attempt to Block MARC I Hub Project

A federal appeals court on Tuesday denied a petition by environmental groups seeking to halt construction of a natural gas pipeline that would traverse three counties in the heart of Marcellus Shale country in northern Pennsylvania.

June 13, 2012

Industry Brief

Even if all drilling rigs were removed from the northern Marcellus Shale region and current drilling ceased, dry gas production in northeastern Pennsylvania would continue growing for 16 months, thanks to a large inventory of nonproducing wells and high initial production (IP) rates, Bentek Energy LLC said in a market note. “In fact, if zero rigs were operating there, production could still grow from approximately 4.1 Bcf/d today to 5.4 Bcf/d by September 2013, a 31% increase that results exclusively from working off the existing backlog of 1,000 nonproducing wells in the region,” the firm said. The assumptions in its analysis are that the 12-month average completion rate is carried forward and the average IP rate in the area is 6,500 Mcf/d. A “typical” Marcellus decline curve is also assumed. Potential pipeline capacity constraints were not included in the analysis.

May 25, 2012

Eastern Gains Offset Western Weakness; Futures Flounder

The cash market on average was flat in Wednesday’s trading with gains registered at northeastern points and declines noted in Southern California. Futures made new highs for the recent advance before falling prey to a double-digit drubbing as longer-term weather forecasts called for moderate temperatures in key Midwest and eastern markets and news circulated that a veteran gas trader was closing his hedge fund. At the close of futures trading June had given up 11.8 cents to $2.253 and July had fallen 11.4 cents to $2.354. June crude oil skidded 94 cents to $105.22/bbl.

May 3, 2012