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Money’s There, but E&Ps Still Shying from Natural Gas

The capital markets for U.S. exploration and production (E&P) companies “appear wide open,” with most of the available funds likely to target onshore oil instead of natural gas through 2014, Barclays Capital analysts said on Wednesday.

July 15, 2013
U.S. E&P Capital Plentiful, but Onshore Oil Still Top Target

U.S. E&P Capital Plentiful, but Onshore Oil Still Top Target

The capital markets for U.S. exploration and production (E&P) companies “appear wide open,” with most of the available funds likely to target onshore oil instead of natural gas through 2014, Barclays Capital analysts said on Wednesday.

July 12, 2013

Frack Sand Facility Readied in Northwestern Alberta

A state-of-the-art terminal in northwestern Alberta to provide sand for unconventional drilling operations is set to open this November, Edmonton-based Di-Corp said Wednesday.

July 8, 2013
Constitution Seeks FERC Approval for Marcellus Pipeline Plan

Constitution Seeks FERC Approval for Marcellus Pipeline Plan

Constitution Pipeline Co. LLC has filed its long-awaited application with FERC seeking approval to construct a pipeline to carry natural gas from northern Pennsylvania’s Marcellus Shale to Northeast markets, the company said Friday, and Iroquois Gas Transmission has filed an application to build a key interconnect project.

June 17, 2013

Pittsburgh Presbytery Ends Drilling Moratorium

Members of the Pittsburgh Presbytery voted to end a one-year moratorium on shale development, a decision that could potentially open property from the organization’s 150 churches to Marcellus Shale oil and gas leasing.

June 3, 2013

Church Group Lifts Leasing Ban, in Talks Over Shell Pipeline

Members of the Pittsburgh Presbytery voted to end a one-year moratorium on shale development, a decision that could potentially open property from the organization’s 150 churches to Marcellus Shale oil and gas leasing.

June 3, 2013

Industry Briefs

Enterprise Products Partners LP is holding a binding open season from June 5 through July 11 for capacity to transport propane to Mont Belvieu, TX, on the Appalachia-to-Texas (ATEX) pipeline. The ATEX pipeline has long-term contracts in place for ethane transportation to Mont Belvieu. The addition of propane service will not impact Enterprise’s obligations to ethane shippers. To accommodate propane shipments, Enterprise would loop a portion of ATEX, add pumping capacity and install additional facilities for the delivery of specification ethane and propane at destination points. “Transporting propane to Mont Belvieu, the largest, most liquid trading and storage hub, will provide northeast producers with a reliable outlet for their excess propane and help maximize the value of their production,” said Michael Creel, CEO of Enterprise’s general partner. For information, contact Russ Kovin at (713) 381-7925, or rkovin@eprod.com.

May 31, 2013

Industry Brief

Crosstex NGL Pipeline LP is holding a binding open season through June 21 for capacity on a new natural gas liquids (NGL) pipeline system (the Crosstex NGL Pipeline) to transport unfractionated NGLs produced in the Permian Basin, Barnett Shale, Eagle Ford Shale and other areas from the Mont Belvieu, TX, area to NGL fractionation facilities in Acadia and Ascension Parishes, LA, for about one year and to NGL fractionation facilities in Acadia and Iberville Parishes, LA, thereafter. The pipeline is expected to have a preliminary design capacity to Acadia Parish of 77,000 b/d for the first year and is expected to reach 132,000 b/d thereafter. For information, contact Terry Brown at (214) 953-9510, or terry.brown@crosstexenergy.com.

May 28, 2013

Williams Bullish on Natural Gas, Liquids Prospects

Market dynamics have built big windows for North American natural gas projects, which international interests and big producers are ready to open, the Williams CEO said Tuesday.

May 22, 2013

Industry Briefs

The Millennium Pipeline Co. is holding a nonbinding open season through May 31 for firm transportation service under its existing rate schedule FT-1 to be made available with existing capacity and construction of at least one compressor station and 60 miles of new pipeline that would connect to the Dominion Transmission system near Cortland, NY, and the Tennessee Gas Pipeline System near Syracuse, NY. For information, contact Stan Brownell, brownell@millenniumpipeline.com.

May 9, 2013