Opened

$3 Big Hurdle for October; Futures Shed 5.6 Cents

October natural gas futures continued to retreat in active trading Monday. The October contract opened sharply lower at $2.935 in electronic Globex trading and traders said $3 would be a formidable trading barrier to further advances. Spread trading was active and trend followers say the market has to make a sizeable advance before they would entertain switching from a bearish to neutral outlook. At the close October futures fell 5.6 cents to $2.977 and November gave up 5.5 cents to $3.998.

September 1, 2009

Industry Brief

Fort Worth, TX-based Welltec Inc. has opened an operating facility in the Marcellus Shale region to focus on the Appalachian Basin’s burgeoning play. Welltec provides wire-line deployed conveyance technologies for horizontal and deviated wells. “We have many pre-existing relationships with clients already drilling in the Marcellus. Due to our recent increase in activity, we feel now is the time to establish ourselves in the region,” said Gregg Lindstrom, vice president of North and Central America for Welltec Inc. Welltec is currently operating in the Marcellus Shale region and will add additional assets along with staff by September.

July 31, 2009

Ameresco Moves on Northern California Landfill Gas Projects

Using a landfill along the Pacific Coast west of Silicon Valley, another green electricity source opened at the start of July, promising 11.5 MW of power for local utilities from the Ox Mountain facility in Half Moon Bay, CA. It is a project spawned by Massachusetts energy services firm Ameresco Inc. and Republic Services Inc., the waste management firm operating Ox Mountain.

July 7, 2009

Deloitte, Bullish on Energy, Opens New Houston Center

The energy sector is alive and well, according to Deloitte, which Thursday opened its doors in Houston to the new Deloitte Center for Energy Solutions.

February 27, 2009

United States-Canada Gas Trade Erosion Continues

Erosion of international natural gas trade continued as the 2008-2009 heating season opened, with a 5.5% drop in Canadian exports. Pipeline deliveries to the United States dipped to 292 Bcf last November from 309 Bcf in the first month of the 2007-2008 heating season and contract year, according to records kept by the National Energy Board.

February 17, 2009

United States-Canada Gas Trade Erodes Further

Erosion of international natural gas trade continued as the 2008-2009 heating season opened, with a 5.5% drop in Canadian exports. Pipeline deliveries to the United States dipped to 292 Bcf last November from 309 Bcf in the first month of the 2007-2008 heating season and contract year, according to records kept by the National Energy Board.

February 16, 2009

Industry Briefs

Spectra Energy subsidiary Texas Eastern Transmission LP opened a nonbinding open season for its proposed Texas Eastern Appalachia to Market (TEAM) expansion to transport emerging Appalachian gas production to markets, including those in the Mid-Atlantic and New England states (see related story). The TEAM expansion program has a targeted capacity of approximately 300 MMcf/d but will be scalable and sized to meet customer needs, the company said. The first phase is scheduled to be in service as early as November 2011. TEAM would provide shippers with the opportunity to design transportation services from multiple existing and proposed receipt points on the Texas Eastern system within the Appalachian production region in West Virginia, Ohio and Pennsylvania that span Texas Eastern’s M-2 and M-3 market zones to delivery points across Texas Eastern’s market area including Lambertville, NJ; the Steckman Ridge Storage project in Bedford, PA; near Transco Station 195 in York County, PA; Dominion Transmission at Chambersburg, PA; and Columbia Gas Transmission near Eagle, PA. The project is expected to have more than 30 interconnects. The project would allow producers to connect Appalachian supplies to premium markets and shippers to reach back to supply points in the West Virginia and Pennsylvania regions, the company said. The open season runs until Aug. 29. Interested parties should contact Bob Riga at (617) 560-1436 or rgriga@spectraenergy.com, or Sean Foley at (617) 560-1359 or spfoley@spectraenergy.com.

August 11, 2008

Texas Eastern Holding Open Season for TEAM Expansion

Spectra Energy subsidiary Texas Eastern Transmission LP opened a nonbinding open season for its proposed Texas Eastern Appalachia to Market (TEAM) expansion to transport emerging Appalachian gas production to markets, including those in the Mid-Atlantic and New England states, the company said Monday.

August 5, 2008

BLM Opens Comment on Devon’s Baxter Shale Test

The Bureau of Land Management (BLM) has opened for comment a plan by a subsidiary of Devon Energy Corp. to conduct seismic testing on the Baxter Shale in a remote area of Wyoming — a controversial project that the state’s governor has tried to stop.

May 19, 2008

BLM Seeks Comment on Devon’s Baxter Shale 3-D Seismic Plan

The Bureau of Land Management (BLM) has opened for comment a plan by a subsidiary of Devon Energy Corp. to do some 3-D seismic testing on the Baxter Shale, which is located in a remote area of Wyoming — a controversial project that the state’s governor has tried to stop.

May 15, 2008
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